Net Exchanged Unit Amount definition

Net Exchanged Unit Amount has the meaning set forth in the Exchange Agreement.
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Net Exchanged Unit Amount means, with respect to an Exchange, (i) the number of Class A Common Units set forth in the applicable Exchange Notice and (ii) the Net Exchangeable Class B Common Units set forth in the applicable Exchange Notice.
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Examples of Net Exchanged Unit Amount in a sentence

  • Upon the cancellation by the Company of the Exchangeable Units exchanged for shares of Class A Common Stock, the Manager shall cause the Company to issue a number of Class A Common Units equal to the Net Exchanged Unit Amount, registered in the name of Carvana Co. Sub in accordance with Section 2.6 of the Exchange Agreement.

  • Upon the cancellation by the Company of the Exchangeable Units exchanged for shares of Class A Common Stock, the Manager shall cause the Company to issue a number of Common Units equal to the Net Exchanged Unit Amount, registered in the name of Pubco in accordance with Section 2.6 of the Exchange Agreement.

  • Upon the cancellation by the Company of the Exchangeable Units exchanged for shares of Class A Common Stock, the Manager shall cause the Company to issue a number of Class A Common Units equal to the Net Exchanged Unit Amount, registered (directly or indirectly) in the name of Allvue in accordance with Section 2.6 of the Exchange Agreement.