Examples of Up-C Structure in a sentence
In the event of any registered public offering of Equity Securities by the Company (including an IPO), each Investor will have unlimited “piggyback” rights, subject to the cutback described below; provided that, in the case of an IPO, no Former Warrant Investor will have any such piggyback rights unless such registered public offering is an IPO using an Up-C Structure in which either the WME Member or the SL Member sell Equity Securities.
The Company will use commercially reasonable efforts to file a shelf registration statement, including a customary shelf registration statement for the exchange of Common Units into shares of common stock of the IPO Entity following an IPO using an Up-C Structure, and cause it to be effective as promptly as reasonably practicable following the first anniversary of an IPO and to keep such shelf registration effective for as long as any registration securities are outstanding.
The Restructuring Support Agreement paves the way for the Debtor to assume these critical contracts pursuant to the Plan Term Sheet: by providing that (i) each of the Joint Venture Agreements (which, as defined and described below, include several agreements that are ancillary to the ESAs) are assumed; (ii) the Up-C Structure is maintained; (iii) NCM, Inc.
Actual future taxes may differ given contemplated Up-C Structure.
In future ECP ForeStar Credit funds, Bridgepoint’s carried interest entitlement will increase to 19.5 per cent.2. TRANSACTION STRUCTUREThe Transaction will be implemented by way of an Up-C Structure, in connection with which Bridgepoint has set up an English limited partnership (being the OP) to serve as the pooling vehicle for the Bridgepoint Group and the ECP Group.
DETAILED MECHANICS OF EXCHANGEThe Transaction will be implemented by way of an Up-C Structure.
The MSP shall implement and maintain standard operating procedures for the maintenance of the IT infrastructure based on the policies formulated in discussion with Port and based on the industry best practices / frameworks.
On December 15, 2020, Party A sent Enable additional materials regarding the proposed Up-C Structure that would have the practical effect of allowing the Sponsors to defer recognition of taxable gain until they were prepared to sell (or otherwise exchange limited liability company units for) shares of Party A common stock.
The diagrams below show the structure of the Enlarged Group immediately following Closing, andimmediately following the exchange by all of the Sellers of their OP Units and Realised Earn-Out Units (assuming the Earn-Out is realised and such exchange occurs).The Up-C Structure is a common structure in the US for business combinations involving partnerships and flow-through entities and multiple asset managers have used or use this structure.
Real Estate Investment Trust & Recent DevelopmentsAgenda Up-C Structure Dean S.