Purchased Class B Units definition

Purchased Class B Units means the Class B Units to be issued and sold to the Purchasers pursuant to this Agreement.
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Purchased Class B Units has the meaning specified for “Purchased Units” in the PIPE (Class B) Unit Purchase Agreement.
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Purchased Class B Units has the meaning assigned that term in the recitals.
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Examples of Purchased Class B Units in a sentence

  • The Purchased Class B Units shall have those rights, preferences, privileges and restrictions governing the Class B Units, which shall be reflected in the Limited Liability Company Agreement, as amended by the Class B Amendment.

  • All Purchased Class B Units and Purchased Units held or acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose of determining the availability of any rights under this Agreement.

  • The number of Purchased Class B Units to be issued and sold to each Purchaser is set forth opposite such Purchaser’s name on Schedule 2.01 hereto.

  • Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $15,000,000 of Purchased Class B Units (or Units issued upon conversion of the Class B Units) and Purchased Units, based on the Commitment Amounts.

  • Linn agrees that it will indemnify and hold harmless each of the Purchasers from and against any and all claims, demands or liabilities for broker’s, finder’s, placement or other similar fees or commissions incurred by Linn or alleged to have been incurred by Linn in connection with the sale of Purchased Class B Units or Purchased Units or the consummation of the transactions contemplated by this Agreement.

  • Subject to Section 5.02, (i) the amount per Common Unit each Purchaser will pay to U.S. Shipping to purchase the Purchased Common Units (the “Common Unit Price”) shall be $18.34 and (ii) the amount per Class B Unit each Purchaser will pay to U.S. Shipping to purchase the Purchased Class B Units (the “Class B Unit Price”) shall be $17.12.

  • If Linn is unable to cause a Registration Statement to go effective within 165 days following the Closing Date as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then Linn may request a waiver of the Liquidated Damages, which may be granted or withheld by the consent of the Holders of a majority of the Purchased Class B Units and the Purchased Units, taken as a whole, in their sole discretion.

  • Assuming the accuracy of the representations and warranties of the Purchasers contained in this Agreement, the sale and issuance of the Purchased Class B Units and the Purchased Units pursuant to this Agreement are exempt from the registration requirements of the Securities Act, and neither Linn nor any authorized Representative acting on its behalf has taken or will take any action hereafter that would cause the loss of such exemption.

  • No fees or commissions will be payable by Linn to brokers, finders or investment bankers with respect to the sale of any of the Purchased Class B Units or the Purchased Units or the consummation of the transactions contemplated by this Agreement.

  • The amount per Class B Unit each Purchaser will pay to Linn to purchase the Purchased Class B Units (the “Class B Unit Price”) shall be $20.55.

Related to Purchased Class B Units

  • Class B Units means the Class B Units of the Company.

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

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

  • 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.

  • 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 Interests has the meaning set forth in the recitals.

  • 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.

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

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

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

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Class C Units means the Class C Units of the Company.

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

  • OP Units means units of limited partnership interest in the Operating Partnership.

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

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Transferred Interests has the meaning set forth in the Recitals.

  • Common Units means common units representing limited partner interests in the Partnership.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto 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 one year.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

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

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

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.