Class B-4 Units definition

Class B-4 Units means a Partnership Interest representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B-4 Units in this Agreement.
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Class B-4 Units means Class B-4 Units as defined in the Partnership Agreement.
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Class B-4 Units means the Class B-4 Units of limited partnership interests in Evercore LP, which Class B-4 Units shall have the rights, preferences and terms contained in the Amended Evercore Partnership Agreement.
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Examples of Class B-4 Units in a sentence

  • And then, (B) 90% to the Unitholders of the Class B4 Units and 10% to the Carry Unitholders, pro rata to the number of Units held.

  • In the event that the Effective Time does not occur prior to July 1, 2023, the 415,000 Class B-4 Units that are issued and outstanding will become eligible for conversion on a one-for-one basis into 415,000 Common Units at Parent’s option on July 1, 2023.Parent, the Partnership and their respective boards of directors and management teams regularly review operational and strategic opportunities to maximize value for their investors.

  • In the event that the Effective Time does not occur prior to July 1, 2023, the 415,000 Class B-4 Units that are issued and outstanding will become eligible for conversion on a one-for-one basis into 415,000 Common Units at Parent’s option on July 1, 2023.(2)By virtue of Common Units held indirectly through an entity whose share capital is owned by Mr. Livanos.

  • For greater certainty, the Members agree that upon the conversion of the Company into a corporation (whether accomplished by merger, conversion or other means) in order to consummate a Qualified Public Offering, each Class A Unit and each Class B-4 Unit shall be treated equally in such conversion for all purposes and no Class A Units or Class B-4 Units shall entitle the holder thereof to any preferential rights including, without limitation, to Distributions of Yield or Unpaid Yield.

  • Subject to the terms and conditions contained herein, in the Plan, and in the LP Agreement, the Management Securityholder is hereby granted 422,500 Class B Units of the Partnership, comprised of: Number of Time-Vesting Units: 211,250 Number of Performance-Vesting Units: 211,250, of which: 20% are Class B-2 Units; 40% are Class B-3 Units; and 40% are Class B-4 Units.

  • Immediately prior to the consummation ------------------------- of any Qualified Public Offering (as such term is defined in the Members Agreement), the Members agree to convert Class A Units and Class B-4 Units, on a per Common Unit basis, into common equity securities of the applicable successor corporation and that each share of such common equity securities of the applicable successor corporation shall have equal voting, dividend and liquidation rights.

  • Subject to the terms and conditions contained herein, in the Plan, and in the LP Agreement, the Management Securityholder is hereby granted 325,000 Class B Units of the Partnership, comprised of: Number of Time-Vesting Units: 162,500 Number of Performance-Vesting Units: 162,500, of which: 20% are Class B-2 Units; 40% are Class B-3 Units; and 40% are Class B-4 Units.

  • At Closing (as defined in the Contribution and Exchange Agreement), TCP Holdco will be admitted to the Partnership as a Limited Partner and the books and records of the Partnership shall be amended to reflect the issuance of the Class B-4 Units pursuant to the Contribution and Exchange Agreement, list the Class B-4 Units as vested and reflect the admission of TCP Holdco as a Limited Partner.

  • The Company hereby authorizes the issuance of --------------- Class B-4 Units; 2,902.217 of which are outstanding as of the date hereof as set forth on the Members Schedule (as in effect on the date hereof).

  • Notwithstanding anything contained herein to the contrary, in connection with any conversion of the Company into a corporate form in contemplation of an Initial Public Offering, all Class B-4 Units shall be converted into shares of voting common stock of the Successor Corporation.


More Definitions of Class B-4 Units

Class B-4 Units means the Class B-4 Units of Parent.
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Class B-4 Units has the meaning set forth in Section 4.1(a).
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Class B-4 Units. Change of Control Redemption”), (c) at any time, the Partnership shall reacquire all, but not less than all, of the Class B-4 Units in accordance with and subject to the terms of Section 9.1(b) of the Contribution and Exchange Agreement and Section 5.03(b) of the Strategic Alliance Agreement (a “Class B-4 Units Reacquisition”), and (d) immediately following any Class B-4 Units Five-Year Redemption, Class B-4 Units Change of Control Redemption or Class B-4 Units Reacquisition, as applicable, the Class B-4 Units so redeemed or reacquired shall be automatically cancelled by the Partnership and the Partnership shall amend the books and records of the Partnership to reflect such redemption or reacquisition.
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Class B-4 Units has the meaning assigned to such term in Section 5.7(b).
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Class B-4 Units shall have the meaning set forth in the preface.
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Related to Class B-4 Units

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class B Interests As set forth in the Trust Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Class A Common Units means the Company's Class A Common Units.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class B-4 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for such Distribution Date will be zero.

  • Class C Units shall have the meaning set forth in the preface.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class C Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

  • Class B-4 Principal Distribution Amount For any Distribution Date, an amount equal to the lesser of (x) the remaining Principal Distribution Amount for such Distribution Date after distribution of the Class A Principal Distribution Amount, the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution Amount, the Class M-5 Principal Distribution Amount, the Class M-6 Principal Distribution Amount, the Class B-1 Principal Distribution Amount, the Class B-2 Principal Distribution Amount and the Class B-3 Principal Distribution Amount and (y) the excess, if any, of (a) the sum of (1) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Class A Principal Distribution Amount on such Distribution Date), (2) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (3) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (4) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (5) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (6) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (7) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (8) the Certificate Principal Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount on such Distribution Date), (9) the Certificate Principal Balance of the Class B-2 Certificates (after taking into account the distribution of the Class B-2 Principal Distribution Amount on such Distribution Date), (10) the Certificate Principal Balance of the Class B-3 Certificates (after taking into account the distribution of the Class B-3 Principal Distribution Amount on such Distribution Date) and (11) the Certificate Principal Balance of the Class B-4 Certificates immediately prior to such Distribution Date, over (b) the lesser of (1) the product of (x) 90.60% and (y) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the prior calendar month), and (2) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the prior calendar month) minus the Overcollateralization Floor.