Equity Letters definition
Examples of Equity Letters in a sentence
In connection with such reclassification, Common Units reclassified from Class A-2 Capital Interests, Class A-2 Profits Interests or Class B Interests that were subject to vesting restrictions immediately prior to the Reorganization have been hereby reclassified as Unvested Common Units on terms set forth in the Employee Equity Letters and the MIP.
All Pay Equity Letters of Understanding will be deleted where they now exist.
In connection with such reclassification, Common Units reclassified from Class A-2 Profits Interests or Class B Interests that were subject to time-based vesting restrictions immediately prior to the Reorganization have been hereby reclassified as Unvested Common Units on terms set forth in the Employee Equity Letters and the MIP.
Merger Sub has delivered true, correct and complete copies of the Commitment Letter and the Equity Letters to the Company.
Each of the Commitment Letter and the Equity Letters is in full force and effect as of the date hereof.
Merger Sub is not, as of the date hereof, aware of any fact, occurrence or condition that would cause the Commitment Letter or the Equity Letters to be terminated or ineffective or any of the conditions contained therein not to be met.
Merger Sub shall not materially amend in a manner adverse to the Company or voluntarily terminate the Commitment Letter or the Equity Letters without the Company's prior written consent.
Assuming full funding under the Commitment Letter and the Equity Letters, Merger Sub would have sufficient funds to consummate the transactions contemplated hereby, including without limitation, the payment of the Merger Consideration and the obligations of the debt offerings described in Section 5.12 of this Agreement, to the extent consummated, and the payment of the related fees and expenses (the "Financing").
In connection with such reclassification, Common Units reclassified from Class A-2 Profits Interests or Class B Interests that were subject to vesting restrictions immediately prior to the Reorganization have been hereby reclassified as Unvested Common Units on terms set forth in the Employee Equity Letters and the MIP.
Merger Sub has executed a bank commitment letter (the "Commitment Letter") and letters with respect to equity and other financing (the "Equity Letters," and together with the Commitment Letter, the "Financing Letters").