Examples of IDR Holdings in a sentence
The Partnership shall issue 1,000 Incentive Distribution Units to IDR Holdings on the Class D Unit Issuance Date as contemplated by the Waiver.
The Partnership shall issue 66,100,000 Class D Units to IDR Holdings on the Class D Unit Issuance Date as contemplated by the Waiver.
Series B Exchange Pursuant to the Simplification Agreement, AMGP, as the managing member of IDR Holdings, and Mr. Rady and Mr. Warren, as the holders of a majority of the Series B Units, entered into an amendment to the IDR Holdings LLC Agreement (the "IDR Holdings LLCA Amendment") to facilitate the Series B Exchange.
Treatment of Series B Units and Equity Awards Antero Midstream previously issued phantom units to its executive officers and other service providers under the AM LTIP, and IDR Holdings previously issued Series B Units to certain members of Antero Management under the IDR Holdings LLC Agreement.
Pursuant to the IDR Holdings LLCA Amendment, the Series B Holders agreed to exchange each outstanding Series B Unit for 176.0041 shares of New AM Common Stock.
Mr. Warren also owns a 20% limited liability company interest in AMGP GP.• Mr. Rady and Mr. Warren also own approximately 49% and 32%, respectively, of all outstanding Series B Units in IDR Holdings.
With respect to the Series B Units and Series B Exchange Shares scheduled to vest on December 31, 2019, the Series B Holders have agreed to forgo any distributions from IDR Holdings and any dividends from New AM that are paid with respect to such units or shares, as applicable, during the twelve months ending December 31, 2019.
The issuance of the Sponsor Units to NuDevco and the Incentive Distribution Rights to Xxxxxx IDR Holdings is exempt from the registration requirements of the 1933 Act and securities laws of any state having jurisdiction with respect thereto, and none of the Xxxxxx Entities has taken or will take any action that would cause the loss of such exemption.
We own 100% of the membership interests of Antero Midstream Partners GP LLC (“AMP GP”), which owns the non-economic general partner interest in Antero Midstream, and we own all of the Series A capital interests (“Series A Units”) in Antero IDR Holdings LLC (“IDR LLC”), which entity owns the incentive distribution rights (“IDRs”) in Antero Midstream.
Rady, Warren, Schopp, Kilstrom, McNeilly or Kennedy could be entitled to receive accelerated vesting of his restricted stock units in Antero, Series B Units in Antero IDR Holdings LLC (“IDR LLC”), or phantom units in the Partnership, as applicable, that remain unvested upon his termination of employment with us under certain circumstances or upon the occurrence of certain corporate events.