Equity Consideration definition
Examples of Equity Consideration in a sentence
Seller hereby irrevocably agrees, without the prior written consent of Parent, Seller will not, during the Restricted Period, Transfer any Parent Common Units comprising the Equity Consideration other than in Permitted Transfers.
In acquiring Parent Common Units, Seller is not offering or selling, and shall not offer or sell the Parent Common Units received as Equity Consideration, in connection with any distribution of such Parent Common Units, and Seller has no participation and shall not participate in any such undertaking or in any underwriting of such an undertaking except in compliance with applicable federal and state securities Laws.
As of the Signing Date, Parent is eligible to register the resale of the Parent Common Units to be issued as Equity Consideration under Form S-3 promulgated under the Securities Act.
Upon issuance and delivery of the Parent Common Units comprising the Equity Consideration, Seller will be duly admitted as an additional Limited Partner (as defined in the Parent Partnership Agreement).
Parent shall file with the NYSE a subsequent listing application covering the Parent Common Units to be issued as Equity Consideration, subject to notice of issuance, prior to the Closing.