IM Units definition

IM Units means Class A Common Units and Class E Common Units of IM.
View Source
IM Units means limited liability company interests of IM.
View Source

Examples of IM Units in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement, the IM Surviving LLC is obligated to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared or made by IM on IM Units in accordance with the terms of this Agreement prior to the date hereof and which remain unpaid at the Effective Time.

  • From and after the Effective Time, the holders of IM Units outstanding immediately prior to the Effective Time will cease to have any rights with respect to such IM Units except as otherwise provided in this Agreement or by applicable Law.

  • All fractional shares to which a single record holder of OUTD Common Stock, on the one hand, or IM Units, on the other hand, would be otherwise entitled shall be aggregated and calculations shall be rounded to three decimal places.

  • No interest will be paid or accrued on any IM Merger Consideration payable to holders of IM Units.

  • From and after the Effective Time, the IM Member will cease to have any rights with respect to such IM Units except as otherwise provided in this Agreement or by applicable Law.

  • No certificates or scrip representing fractional shares of Parent Common Stock shall be issued upon the conversion of OUTD Common Stock pursuant to Section 2.1 or Section 2.2 or upon the conversion of IM Units pursuant to Section 2.7, and such fractional share interests shall not entitle the owner thereof to vote or to any rights of a holder of Parent Common Stock.

  • Any outstanding IM Units held by Parent, Azteca or any Merger Subsidiary or by any direct or indirect Subsidiary of IM, Parent, Azteca or any Merger Subsidiary, in each case as of immediately prior to the Effective Time, automatically shall be cancelled and cease to exist without any conversion thereof, and no consideration shall be paid with respect thereto.

Related to IM Units

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Unit Shares means the Common Shares comprising part of the Units;

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.