LLC Unit definition

LLC Unit means a common limited liability interest in the Company.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

LLC Unit means (i) each Class A Unit (as such term is defined in the Medley LLC Agreement) issued as of the date hereof and (ii) each Class A Unit or other interest in Medley LLC that may be issued by Medley LLC in the future that is designated by the Corporation as a “LLC Unit”.

LLC Unit has the meaning given to such term in the Exchange Agreement.

Examples of LLC Unit in a sentence

Except as may be required in the immediately preceding sentence, no adjustments in respect of distributions shall be made upon the exchange of any LLC Unit.
Any Person acquiring or claiming an interest in an Incentive LLC Unit, in any manner whatsoever, shall be subject to and bound by all terms, conditions and restrictions of this Agreement without regard to whether such Person has executed a counterpart hereof or any other document contemplated hereby.
For example, if a Member has an LLC Unit Percentage of 45%, he or she shall be allocated 45% of all profits or losses (and other allocation items) for any given tax year.
Except as may be required by the Internal Revenue Code (Title 26 of the United States Code) or the Treasury Regulations (Title 26 of the Code of Federal Regulations) or this Operating Agreement, net profits, net losses, and other items of income, gain, loss, deduction and credit of the LLC shall be allocated among the Members ratably in proportion to each Member's LLC Unit Percentage.
For the avoidance of doubt (but subject to Section 10.04(c)), in no event shall the holders of LLC Units be entitled to receive in such Pubco Offer aggregate consideration for each LLC Unit that is greater than the consideration payable in respect of each share of Class A Common Stock in connection with a Pubco Offer.

More Definitions of LLC Unit

LLC Unit or “LLC Units” means a membership interest or membership interests in Morgans Group LLC, a Delaware limited liability company and the entity through which the Company conducts a significant portion of its business.

LLC Unit means a nonvoting interest unit of Goosehead Financial, LLC.

LLC Unit means an equal, fractional part of all the Interests, and having the rights and obligations specified with respect thereto in this Agreement, and any successor security.

LLC Unit means (i) each LLC Unit (as such term is defined in the HDD Operating Agreement) issued as of the date hereof and (ii) each LLC Unit or other interest in HDD that may be issued by HDD in the future that is designated by the Corporation as an “LLC Unit.”

LLC Unit means a nonvoting interest unit of Baldwin Risk Partners, LLC.

LLC Unit means a nonvoting interest unit of Weber HoldCo LLC.

LLC Unit means a unit representing a limited liability company interest in the Parent LLC, the terms and conditions of which are subject to and governed by the Amended and Restated Parent LLC Agreement, or the securities into which such units shall have been converted or for which such units shall have been exchanged in any merger, consolidation, reorganization, exchange of securities, liquidation or dissolution or similar transaction.