New Class A Units definition

New Class A Units means the New Class A Units of DPA.
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New Class A Units means the New Class A Units of Duff & Pxxxxx Acquisitions LLC issued pursuant to the LLC Agreement.
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New Class A Units means, with respect to any Exchanged Management Incentive Unit, a number of Class A Units equal to the quotient of (a) the difference between the Fair Market Value on the date of the Exchange and the then-unsatisfied Management Incentive Unit Return Threshold applicable to such Exchanged Management Incentive Unit, divided by (b) the Fair Market Value on the date of the Exchange; provided, that if the number of New Class A Units determined by the foregoing calculation is a negative number, it shall be deemed to be zero (0).
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Examples of New Class A Units in a sentence

  • To the extent a Member (or an applicable Permitted Transferee) validly transfers any or all of his New Class A Units and Class B Shares to a Permitted Transferee of such Member or to any other Person in a transaction not in contravention of, and in accordance with, the LLC Agreement, then such Person shall have the right to execute and deliver a joinder to this Agreement, in form and substance reasonably satisfactory to DPA.

  • If Members who, together with their Permitted Transferees, collectively hold at least two-thirds of the New Class A Units do not approve in writing such amendment to the Agreement, such amendment shall not become effective.

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  • On the Effective Date, all outstanding Class A, Class A-1 and Class B Units shall be converted to New Class A Units as shown on Exhibit 3.1. The Interests of the Members of the Company shall thereafter be divided into units (“Units”) of one Class, designated as New Class A Units.

  • All distributions of the New Class A Units and New Class B Units pursuant to the Plan shall be made by the Distribution Agent on behalf of Reorganized Holdings.

  • When issued in accordance with the terms of this Agreement, the New Class A Units will be (i) duly authorized and validly issued, and (ii) free and clear of all Liens, except (A) as set forth in the LLC Agreement, (B) Liens created by or imposed upon the Contributing Party and (C) restrictions on transfer under federal, state and/or foreign securities laws.

  • All of the New Class A Units issued under the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.

  • At the Closing, as a condition precedent to the obligation of the Company to issue to the Contributing Parties any New Class A Units pursuant to Section 2 or Section 3 hereof, each Contributing Party shall deliver to the Company a duly executed counterpart signature page to the LLC Agreement substantially in the form attached hereto as Exhibit A.


More Definitions of New Class A Units

New Class A Units has the meaning set forth in Section 3.1.
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New Class A Units means the “Class A” common units to be issued by MLP upon consummation of the Transactions in accordance with the Transaction Term Sheet.
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New Class A Units has the meaning set forth in Section 2.03(d). -----------------
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New Class A Units means the class of membership interest of Reorganized Holdings defined as Class A Units in the Amended Membership Agreement. 80,000 New Class A Units will be issued by Reorganized Holdings on or after the Effective Date in accordance with this Plan.
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Related to New Class A Units

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means the Company's Class A Common Units.

  • Common Units is defined in the Partnership Agreement.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class B Interests As set forth in the Trust Agreement.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Membership Units has the meaning set forth in the Recitals.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class C Units shall have the meaning set forth in the preface.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.