Class B Closing definition

Class B Closing means the date designated by the Managing Trustee on, or as of which, subscribers acquire Class B Subordinated Interests and become Class B Beneficiaries.
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Class B Closing has the meaning assigned to it in Section 2.4.
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Class B Closing means the closing of the transactions contemplated by the Class B Note Purchase Agreement.
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Examples of Class B Closing in a sentence

  • The Class B Preferred Unit Distribution Amount for the period ending March 31, 2018 shall be pro-rated for the period commencing on the Class B Closing Date and ending on, and including, March 31, 2018.

  • On the terms and conditions set forth in this Agreement and the other Basic Documents, and in reliance on the covenants, representations and agreements set forth herein and therein, the Issuer shall issue and cause the Trustee to authenticate and deliver to the Class A Note Purchaser an amended and restated Class A Note on the Class B Closing Date.

  • The Class A Notes were originally issued on the Class A Closing Date and the Class B Notes will be issued on the Class B Closing Date.

  • At the Class B Closing, the Transferor Investors shall transfer to the Transferee Investors the applicable number of Class B Shares against delivery of the applicable purchase price in cash via wire transfer to an account specified in writing by the Transferor Investors.

  • The closing of the sale and transfer of the rights to acquire the Warrant (the “Warrant Closing” and, together with the Class B Closing, the “Closings”) shall take place concurrently with the Class B Closing.

  • Prior to any Class B Closing, the Company and IMS Holdco shall use their best efforts to obtain any required governmental or regulatory approval or approvals.

  • The representations, warranties and indemnity obligations of the Issuer made in the Original Indenture and each other Original Basic Document prior to the Class B Closing Date shall survive the Class B Closing Date and the execution and delivery of this Agreement, and each such representation and warranty so made is true and correct as of the date originally made and as of the date hereof.

  • Trustee and ▇▇▇▇▇▇▇ hereby represent and warrant (severally and not jointly and with respect to itself and himself only) to Parent and Purchaser, as of the date hereof and as of the date of the Class B Closing and the Class A Closing (or as of such other date as may be expressly provided in any representation or warranty), as set forth below.

  • Subject to the attainment of the performance goals set forth in Section 1 hereof, this grant enables Grantee to earn as Performance Units from [50% to 300%] of the Target Performance Units to be paid out to Grantee pursuant to Section 4 of this agreement (this “Agreement”).

  • On the Class B Closing Date, no event shall have occurred and be continuing, which constitutes a Default or an Event of Default.

Related to Class B Closing

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

  • Class B Warrants means Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Class B Warrants shall be exercisable immediately and shall expire five years from the date of issuance unless previously exercised in full, in the form of Exhibit C attached hereto.

  • Class B Final Distribution Date means the September 2030 Distribution Date.

  • 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 Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.