Examples of Common Unit Equivalents in a sentence
The Company shall deliver a copy of any Put Option Exercise Notice to each holder of Common Units, Warrants and Common Unit Equivalents other than the Initiating Unitholders no later than two Business Days after receiving a Put Option Exercise Notice.
If a conversion event described in Section 5.10(e) occurs during the period between the end of a Quarter and the date when the Board of Directors of the General Partner determines the amount of the distribution of Available Cash with respect to such Quarter, then the Board of Directors of the General Partner may determine that Management Incentive Units represent a greater or lesser number of Common Unit Equivalents based on the expected distribution of Available Cash with respect to such Quarter.
If the Conversion Price is adjusted upon the issuance of Common Unit Equivalents and such Common Unit Equivalents are thereafter canceled without having been converted or exercised, and without any Additional Common Units having been issued in respect thereof, then the Conversion Price shall be readjusted to the Conversion Price that would have been in effect if such Common Unit Equivalents had never been issued.
No adjustment of the Conversion Price shall be made under paragraph (ii), (iii) or (iv) of this subsection (h) upon the issuance of any Additional Common Units that are issued pursuant to any Common Unit Equivalents if upon the issuance of such Common Unit Equivalents adjustments shall previously have been made pursuant to this paragraph (v) to the same extent as would have been made under para graph (ii), (iii) or (iv) if such Additional Common Units had been issued directly.
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No adjustment shall be made to the Conversion Price with respect to the issuance of any Additional Common Units (or any Common Unit Equivalents pursuant to which such Additional Common Units are issuable) at a price per unit that is greater than both the Conversion Price and the Fair Market Price.
The consideration for Additional Common Units issuable pursuant to any Common Unit Equivalents shall be the consideration received by the Company for issuing such Common Unit Equivalents plus the additional consideration payable to the Company upon the exercise, conversion or exchange of such Common Unit Equivalents.
Each Fully Participating Tag-Along Member shall exercise its right to participate in the Transfer described in Section 10.04(e)(i) by delivering to the Selling Member a written notice (a “ Remaining Tag-Along Notice”) stating its election to do so and specifying the number of Common Units, Warrants and other Common Unit Equivalents (up to the amounts it may Transfer pursuant to Section 10.04(e)(i)), to be Transferred by it no later than five Business Days after receipt of the Remaining Portion Notice.
Each Tag-Along Member shall exercise its right to participate in a Tag-Along Sale by delivering to the Selling Member a written notice (a “ Tag-Along Notice”) stating its election to do so and specifying the number of Common Units, Warrants or other Common Unit Equivalents (up to its Tag-Along Portion) to be Transferred by it no later than 10 Business Days after receipt of the Sale Notice (the “Tag-Along Period”).
Series B preferred units are not convertible into common units and are not included in Common Unit Equivalents.