Unit Consideration definition

Unit Consideration has the meaning set forth in Section 2.2(a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Unit Consideration has the meaning assigned to such term in the recitals.

Unit Consideration means the Additional LP Units and the Additional GP Units.

Examples of Unit Consideration in a sentence

• In lieu of the issuance of any such fractional unit, at Closing, the Adjusted Unit Consideration shall be rounded up to the nearest whole unit of Purchaser Common Units.

• Each Seller understands that any book-entry notations representing the Unit Consideration shall bear customary legends indicating the applicability of restrictions on transferability of such Unit Consideration pursuant to the Securities Act in substantially the following form: “These securities have not been registered under the Securities Act of 1933, as amended.

• The Purchaser Common Units constituting the Unit Consideration shall have been approved for listing on the NYSE, subject to official notice of issuance.

• Notwithstanding anything to the contrary contained in this Agreement, no certificates or scrip representing fractional Purchaser Common Units shall be issued as part of the Unit Consideration, no dividend or distribution with respect to the Purchaser Common Units shall be payable on or with respect to any fractional unit and such fractional unit interests shall not entitle the owner thereof to vote or to any other rights of a stockholder of Purchaser.

• Prior to Closing, Purchaser shall, in accordance with the requirements of the NYSE, use its reasonable best efforts to file with the NYSE a subsequent listing application covering the Purchaser Common Units comprising the Unit Consideration to be issued to Sellers (or their designees) pursuant to this Agreement, and to cause such Unit Consideration to be approved for listing on the NYSE, subject to official notice of issuance, prior to the Closing Date.

More Definitions of Unit Consideration

Unit Consideration means the consideration in the form of Consideration Units to be paid for Company Shares pursuant to this Plan of Arrangement;

Unit Consideration means, in respect of each whole Unit, the sum of the Cash Consideration and the Share Consideration;

Unit Consideration means the Parent OP Common Units issuable to the Contributors and the Escrow Account pursuant to Section 2.3(c).

Unit Consideration means 28,552,480 Common Units and 2,550,644 General Partner Units.

Unit Consideration means a number of ETP Common Units derived by dividing (a) $19,000,000 by (b) the Volume-Weighted Average Trading Price for the ten consecutive trading days ending immediately prior to the date that is three trading days prior to the Closing Date.

Unit Consideration means the Units to be issued to the Investors pursuant to this Agreement as set forth on Schedule A hereto under the heading “Consideration Received or Interest Retained.”

Unit Consideration means a number of ETP Common Units derived by dividing (a) $105,000,000 by (b) the Volume-Weighted Average Trading Price for the ten consecutive trading days ending immediately prior to the date that is three trading days prior to the Closing Date.