Restructuring Common Units definition

Restructuring Common Units has the meaning set forth in Section 2.2.
Sample 1Sample 2Sample 3
Restructuring Common Units means 65,000,000 newly-issued Common Units issued to the General Partner in connection with the transactions contemplated by the Equity Restructuring Agreement.
Sample 1Sample 2Sample 3
Restructuring Common Units means 2,528,673 newly-issued Common Units issued to DM Holdings II in connection with the transactions contemplated by the Equity Restructuring Agreement.
Sample 1Sample 2

Examples of Restructuring Common Units in a sentence

  • Such payment or payments shall be made no later than two Business Days following the receipt by the General Partner, the Acquiror Parties, any of their respective Affiliates or successors, or any transferee of the Seller MLP Interests or the MLP IDR/GP Restructuring Common Units, as applicable, of such distributions.

  • Such payment or payments shall be made no later than two Business Days following thereceipt by the General Partner, the Acquiror Parties, any of their respective Affiliates or successors, or any transferee of the Seller MLP Interests or the MLP IDR/GP Restructuring Common Units, as applicable, of such distributions.

  • The Restructuring Common Units were issued to the General Partner concurrently with the entry into the Equity Restructuring Agreement.

  • Pursuant to this Agreement and the Equity Restructuring Agreement, and effective upon the effectiveness of this Agreement, (a) the Incentive Distribution Rights, all of which are held by DM Holdings II, are hereby cancelled and converted into the Restructuring Common Units, (b) the General Partner hereby continues as the sole general partner of the Partnership, and (c) the Partnership is hereby continued without dissolution.


More Definitions of Restructuring Common Units

Restructuring Common Units shall have the meaning given such term in the recitals.
Sample 1

Related to Restructuring Common Units

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Common Units is defined in the Partnership Agreement.

  • Restructuring Event means the occurrence of any one or more of the following events:

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

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

  • Restructuring Plan means the extrajudicial restructuring plan, filed with the Sao Paulo Bankruptcy and Reorganization Court on August 19, 2020 (the “Restructuring Plan Filing Date”), providing for the issuance of the Securities and of the New Notes in exchange for the restructuring of various financial debts of OEC and certain of its Affiliates, as duly amended from time to time.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness (other than Working Capital Borrowings and other than for items purchased on open account or for a deferred purchase price in the ordinary course of business) by any Group Member and sales of debt securities of any Group Member; (b) issuances of equity interests of any Group Member (including the Common Units sold to the IPO Underwriters in the Initial Public Offering) to anyone other than the Partnership Group; (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business and (ii) sales or other dispositions of assets as part of normal retirements or replacements; and (d) capital contributions received by a Group Member.

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

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

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • 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.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • capital transactions means any of the following: the sale of all or any part of the assets of the Company; the refinancing of mortgages or other liabilities of the Company; the receipt of insurance proceeds; and any other receipts or proceeds are attributable to capital. (Check One) ☐ - SINGLE-MEMBER: A “Capital Account” for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Permitted Acquisition Consideration means, in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Debt and/or Guaranties, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Debt assumed in connection with such Permitted Acquisition; provided in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof by Holdings or its Restricted Subsidiaries.

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • 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.

  • Restructuring Support Agreement 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.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Common Unitholder means a Member who is the registered holder of Common Units.