Examples of Earnout Participant in a sentence
Other than in case of death or disability of the Earnout Participant, Earnout Units may only be transferred by a holder of Earnout Units in connection with a concurrent transfer of OP Units to the same transferee.
The parties acknowledge and agree that, effective as of and contingent upon the Closing, Holder shall be deemed an “Earnout Participant” for purposes of the Earnout Provisions and, without limiting the foregoing, shall be entitled to the rights, benefits and privileges, and subject to the restrictions and obligations, of (a) an Earnout Participant under the Earnout Provisions and (b) this Agreement.
Subject to the terms of this Section 3(a), each Earnout Participant shall receive an amount of OP Units (rounded to the nearest OP Unit) with respect to each sale of all or a portion of the Expansion Parcels and each Expansion Lease (each, an "Expansion Event").
The reports omitted details of all the companies’ activities and reported only what reflected positively to the companies’ image.
For example, if a mix was designed for use with PG 58-28S, it is acceptable for use with H and V grades with no additional testing.If a design was approved with PG 58-28H, it is acceptable for use with a V grade with no additional testing.However, if dropping to an S grade, evaluate the mix design criteria listed below.
Subject to the terms of this Section 3(b), each Earnout Participant shall receive an amount of OP Units (rounded to the nearest OP Unit) upon the earlier of (collectively, a "Pad Event") (I) the execution of the Pad Lease; and (II) a sale of the Pad Parcel.
The rights of the Earnout Participant to receive Foothills Earnout Units and Harrisburg Earnout Units shall, at its option, be valued and converted into the right to receive OP Units equal to such value upon the occurrence of a merger, consolidation, sale of all or substantially all of the assets of FMP or the Partnership or other change of control transaction, in which the OP Units of the Partnership are converted into the right to receive cash or other consideration.
Other than in the case of the death or disability of an Earnout Participant, such Earnout Participant shall not transfer its right to receive Earnout Units.
Subject to the terms of this Section 3(a), the Earnout Participant shall receive an amount of OP Units (rounded to the nearest OP Unit) with respect to each sale of all or a portion of the Expansion Parcels and each Expansion Lease (each, an "Expansion Event").
Within five (5) Business Days following the occurrence of an Expansion Parcel Event or a Pad Event, FMP or the Partnership shall send to the Earnout Participant a notice setting forth the applicable event and the number of OP units to be issued to such Earnout Participant.