Examples of Vested Common Units in a sentence
AN ACT HB 2031Relating to natural resource rights in real property; creating new provisions; amending ORS 273.780 and 273.787; and declaring an emergency.
The Exchanging Member owns beneficially and of record and has full power and authority to convey, free and clear of any Liens, the Vested Common Units to be redeemed by the Company pursuant to Section 2.1 subject to any transfer restrictions of general applicability as may be provided under the Securities Act and the “blue sky” laws of the various states of the United States.
Mr. Maines indicated that check valves are coupled with pipe capacity improvements like the Hume Ave capacity project to prevent this issue.
The Company will pay for the Vested Common Units to be purchased by it pursuant to the Separation Put Election by first offsetting amounts outstanding under any bona fide debts owed by Executive to the Company and will pay the remainder of the purchase price by a check or wire transfer of immediately available funds.
Notwithstanding anything contained in Section 4.1(b) to the contrary, Distributions under Section 4.1(b) that would otherwise be made to any Member holding Unvested Common Units will be reserved by the Company in respect of such Unvested Common Unit and distributed to such Member holding such Unvested Common Units at such times as the Managing Member determines following the date such Unvested Common Units become Vested Common Units.
The closing of the purchase of the Vested Common Units pursuant to the Separation Put Election shall take place on a date to be designated by the Company in the Company Separation Purchase Price Notice, which date shall not be more than 30 days nor less than five days after the Separation Put Exercise Notice is received by the Company.
All Vested Common Units transferred to the Company pursuant to this Section 2.1 shall be deemed cancelled in full redemption thereof without any further consideration being paid to such Vested Common Units other than amounts (if any) actually paid to the Company under the Tax Receivable Agreement in respect of the Attributable Securities corresponding to such Vested Common Units.
Assuming the Company has the requisite power and authority to be the lawful owner of the Vested Common Units, upon the Transfer good, valid and marketable title to the Vested Common Units will pass to the Company, free and clear of any Liens.
Notwithstanding anything to the contrary, the number of Vested Common Units shall not increase once the Employee ceases to be employed by the Company and/or any of its Subsidiaries.
In addition, if Executive's employment with the Company is terminated by the Coinmach Board without Cause, or by Executive for Good Reason, and in each case no Event of Default has occurred and is continuing, all Unvested Common Units will become Vested Common Units.