Founder Units definition

Founder Units means all Units owned by a Founder immediately prior to the IPO. For the avoidance of doubt, Founder Units shall not include any IPO Shares purchased by Founders in connection with or subsequent to the IPO.

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Founder Units means the Units purchased by the undersigned as set forth in that certain Initial Unit Subscription Agreement, dated as of October 2, 2007, by and between the Company and the undersigned.

Founder Units means (a) any Class B Units and any Class A Units issued upon conversion of a Class B Unit pursuant to Section 4.2(c) or Section 4.7(i) and (b) any Class A Units held by the PubCo Holdings Group as a result of a Designated Holder Redemption of any such Units described in clause (a).

Examples of Founder Units in a sentence

The offers and sales of the Founder Units and the Insider Warrants were at all relevant times, based in part on the representations and warranties of the purchaser of such securities, exempt from registration under the Act.
If the Company combines (by combination, reverse stock split or otherwise) an outstanding class of Units into a smaller number of Units, then the number of unreleased Additional Founder Units available to be released pursuant to Section 2.05 of the Investment Agreement as of immediately prior to any such combination shall be proportionately decreased.
The Members hereby agree and acknowledge that pursuant to Section 2.05 of the Investment Agreement, during the Additional Unit Period, the Company will issue to the Founder Members up to 2,800,000 Additional Founder Units, subject to the conditions set forth in Section 2.05 of the Investment Agreement.
The Company and the Members intend that the release of any Additional Founder Units shall reflect an adjustment to the Percentage Interests of the Members and the Asset Values of the Company’s assets, which were preliminarily determined on the Effective Date in connection with the Managing Member’s Capital Contribution, and a determination as to how such aggregate Asset Value should be shared by the Members.
Each Private Investor acknowledges that the certificate representing such Private Investor’s Founder Units bears a legend to reflect the deposit of such Founder Units under this Agreement.

More Definitions of Founder Units

Founder Units means the units being purchased privately by the Sponsor simultaneously with the consummation of the Company’s initial public offering (including to a certain extent in connection with the consummation of the underwriters’ over-allotment option related thereto).

Founder Units is defined in the recitals to this Agreement.

Founder Units shall have the meaning given in the Recitals hereto and shall be deemed to include the Ordinary Shares issuable upon conversion thereof.

Founder Units means the 23,000,000 units of the Company issued to the Investors pursuant to the Initial Unit Subscription Agreements, each dated as of October 2, 2007, between the Company and each of the Investors (or such lesser number of units that the Investors may hold if the Underwriter’s over-allotment option is not exercised in full by the Underwriter), giving effect to the split of the Founder Units.

Founder Units means those certain limited partnership interests in NDEx Holdings defined as “Founder Units” in the NDEx Holdings Partnership Agreement.

Founder Units means the Class B Units of Opco initially issued in a private placement to the Sponsor prior to the Public Offering (or the Class A Units of Opco into which such Class B Units will convert) and a corresponding number of Class B Ordinary Shares; (vii) “Sponsor Units” shall mean the 100 Class A Units of Opco, and corresponding number of Class B Ordinary Shares, and the 2,500 Class A Ordinary Shares purchased by Sponsor in a private placement prior to the Public Offering; and (viii) “Warrants” shall refer to the Public Warrants and the Private Placement Warrants, collectively.

Founder Units has the meaning given such term in Section 3.1.