PMEL definition

PMEL means ProKidney Management Equity LLC, a Bermuda limited liability company;
View Source
PMEL means ProKidney Management Equity LLC.
View Source

Examples of PMEL in a sentence

  • At the execution of this Agreement, the Units are comprised of only Common Units and the Restricted Common Units, comprised of Series 1 RCUs, Series 2 RCUs, Series 3 RCUs, and PMEL RCUs.

  • To the extent that a PMEL RCU is forfeited pursuant to the terms of the applicable PMEL Award Agreement (with the terms of such agreement as applied to the PMEL RCUs to the same extent the corresponding PMEL Interests would have subject to forfeiture), immediately and without any further action under this Agreement, on the date of forfeiture, such PMEL RCU shall be cancelled and extinguished for no consideration.

  • Upon the cancelation and extinguishment of any Restricted Common Unit pursuant to this Section 7.06(d), PubCo shall cancel and extinguish for no consideration the corresponding Delaware Class B Earnout RSR or Delaware Class B PMEL RSR on a one-for-one basis, without any required consent of the applicable holder thereof.

  • PubCo hereby agrees to reserve for issuance at all times an adequate number of Class B Common Shares to permit the issuance of all Class B Common Shares assuming (x) all of the Delaware Class B Earnout RSRs were to vest under their applicable terms and (y) all of PMEL’s Delaware Class B PMEL RSRs were to vest under their applicable terms.

  • The Members, have made or are deemed to have made, on or prior to the date hereof, Capital Contributions to PKLP and were issued PKLP Common Units, PKLP PMEL RCUs, PKLP Series 1 RCUs, PKLP Series 2 RCUs, and/or PKLP Series 3 RCUs in respect thereof at the closing of Business Combination, which units, pursuant to the Restructuring, were substituted for a corresponding number of Common Units and/or Restricted Common Units, as applicable, of the Company as specified in the books and records of the Company.

  • On the applicable Conversion Date for each Restricted Common Unit that is a PMEL RCU, PubCo shall issue to PMEL (on behalf of the applicable PMEL Award Agreement Recipient) which holds a corresponding Delaware Class B PMEL RSR that vests on such Conversion Date, one Class B Common Share.

Related to PMEL