Threshold Equity Value definition

Threshold Equity Value means, with respect to any Series C Common Unit, the amount determined under Section 2.3(c).

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Threshold Equity Value has the meaning given to such term in the LLC Agreement.

Threshold Equity Value of each Class B Unit, Class C Unit and Class D Unit means the “Threshold Equity Value” set forth in respect of such Class B Unit, Class C Unit or Class D Unit, as applicable, in the Grant Agreement pursuant to which such Class B Unit, Class C Unit or Class D Unit, as applicable, was issued.

Examples of Threshold Equity Value in a sentence

In order to preserve the economic results intended by this Agreement, including the results set forth in Section 2.3(c)(iii), the Board may, in its reasonable discretion, determine whether any tax distribution or portion of any tax distribution should be considered in determining whether aggregate distributions equal to the Threshold Equity Value have been made to the Series B Common Units outstanding at the time of such distribution.
Such Threshold Equity Value shall be established by resolution or consent of the Board in connection with the issuance of such Series C Common Unit.
The 2006 Series C Common Units being issued hereunder are being issued with a Threshold Equity Value of $908,944,420.
Such Threshold Equity Value shall be calculated by the Board and set forth on the Schedule of Members.
The Executive is hereby granted as of the Unit Issuance Date [●] Class B Units with a Threshold Equity Value of $0.00 (referred to herein as the “Incentive Units”).
Class D-2 Units shall become Participating Class D Units following the later of (i) the date on which aggregate Distributions exceed the Minimum Threshold Equity Value and (ii) the date on which aggregate Distributions exceed an amount necessary for the Apax Group to achieve an MOIC equal to (A) 3, with respect to Class D-2 Units and (B) 4, with respect to Class D-3 Units.
In order to preserve the economic results intended by this Agreement, including the results set forth in Section 2.3(c)(iii), the Board may, in its reasonable discretion, determine whether any tax distribution or portion of any tax distribution should be considered in determining whether aggregate distributions equal to the Threshold Equity Value have been made to the Threshold Units with respect to any Series C Common Unit.
The 2008 Series C Common Units being issued hereunder are being issued with a Threshold Equity Value equal to the TEV Price.
Within five business days after making such determination, the Company shall deliver a copy of such appraisal to Executive and shall provide written notice (the “Determination Notice”) to the 2008 Employee Investor of its determination of the fair market value of a Series B Common Unit as of the date of such notice (the “FMV Price”), and the Threshold Equity Value applicable to a new Series C Common Unit to be issued as of such date (the “TEV Price”).
Class D-1 Units shall become Participating Class D Units following the later of (i) the date on which aggregate Distributions exceed the Minimum Threshold Equity Value and (ii) the date on which aggregate Distributions exceed an amount necessary for the Apax Group to achieve an MOIC (as defined below) equal to 1.

More Definitions of Threshold Equity Value

Threshold Equity Value means, with respect to any Series C Common Unit, the amount determined under Section 2.3(c). “Units” mean interests in the Company (including Series A Common Units, Series B Common Units and Series C Common Units)

Threshold Equity Value means, with respect to any particular tranche of Incentive Units issued following the date hereof, the aggregate amount that would be received by the Members if, at the time such Incentive Units were issued, the Company had sold all of its assets for their Fair Market Value as a going concern, paid all of its liabilities and distributed all of the net proceeds of sale in liquidation of the Company pursuant to Section 11.02, all as determined in accordance with this Agreement.