PE Units definition

PE Units is defined in the Recitals of this Agreement.
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PE Units means units issued pursuant to the A&R Parsley LLC Agreement.
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PE Units means Units (as defined in the PE LLC Agreement) of PE LLC having such rights, privileges and preferences of the “Units” as set forth in the PE LLC Agreement.
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Examples of PE Units in a sentence

  • The aggregate number of PE Units to be distributed to the members of Parsley LLC shall be determined by the Board of Managers of Parsley LLC and shall be set in a manner designed so that each PE Unit is economically equivalent to one share of Class A Common Stock, as described in the Registration Statement.

  • For the avoidance of doubt, if a TRA Holder transfers PE Units but does not assign to the transferee of such PE Units, the rights of such TRA Holder under this Agreement with respect to such transferred PE Units, such TRA Holder shall continue to be entitled to receive the Tax Benefit Payments, if any, due hereunder with respect to, including any Tax Benefit Payments arising in respect of a subsequent Exchange of, such PE Units.

  • Xxxxxx Title: [SIGNATURE PAGES TO MASTER REORGANIZATION AGREEMENT] Schedule A Continuing Members % PE Units Contributed to PubCo Xxxxx Xxxxxxxxx 40 % Sheffield Energy Management, LLC 50 % Xxxxxxx Xxxxxx 50 % Xxxx Xxxxxxxxx 20 % Xxxx Xxxxxxxxx 50 % Xxxx Xxxxxx 30 % Diamond K Interests, LP 100 % Parsley Interests, LP 50 % One Put Oil & Gas, Ltd.

  • Subject to the terms of the Parsley LLC Agreement, holders of PE Units (the “PE Unitholders”) (other than the Company) generally have the right to exchange all or a portion of their PE Units (together with a corresponding number of shares of Class B common stock) for Class A common stock at an exchange ratio of one share of Class A common stock for each PE Unit (and corresponding share of Class B common stock) exchanged.

  • As a result, beneficial ownership of Class B common stock and PE Units is not reflected as beneficial ownership of shares of our Class A common stock for which such units and stock may be exchanged.

  • Represents shares of outstanding Class B common stock directly owned, and shares of Class A common stock beneficially owned as issuable upon the exchange of a corresponding number of PE Units and Class B common stock.

  • The aggregate consideration transferred was $2,578.1 million, subject to post-closing adjustments, which consisted of a combination of cash and PE Units (together with a corresponding number of shares of Class B Common Stock).

  • Preliminary Purchase Price Allocation The aggregate purchase price of the Double Eagle Acquisition consisted of (i) approximately $1.4 billion in cash and (ii) approximately 39.8 million PE Units and a corresponding approximately 39.8 million shares of Class B Common Stock.

  • As a PE Unitholder exchanges its PE Units, the Company’s interest in Parsley LLC correspondingly increases.During the year ended December 31, 2019, an executive officer of the Company elected to exchange 420,000 PE Units (and a corresponding number of shares of Class B common stock) for 420,000 shares of Class A common stock.

  • Also, in connection with the IPO, Parsley, the Reporting Person and other holders of PE Units entered into a registration rights agreement (the “Registration Rights Agreement”).


More Definitions of PE Units

PE Units means the two process units to be constructed as part of the Project designed to produce together PE at the rate of at least 450,000 tonnes per annum;
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PE Units means limited liability company interests in Parsley Energy LLC.
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Related to PE Units

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • 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.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit 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.

  • Common Units is defined in the Partnership Agreement.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

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

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

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

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

  • 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.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

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

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

  • Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

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

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

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

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

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

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.