Common Unit Value definition

Common Unit Value means, with respect to any trading day, the value of a Common Unit, which shall equal the trading price of a share of Common Stock (calculated based on the average of the intra-day high and low and subject to adjustment in the event that the exchange ratio between Common Units and shares of Common Stock is not one-to-one or other adjustments if the kind or amount of securities into which Common Units can be converted or exchanged (as provided in the Redemption Rights Agreement, dated the date hereof) changes after the date hereof).
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Common Unit Value means (i) if the Common Units (or common share equivalents) are not then registered pursuant to an effective Registration Statement filed in connection with a Qualified Public Offering, the Fair Market Value of a Common Unit or (ii) if the Common Units (or common share equivalents) are then registered pursuant to an effective Registration Statement filed in connection with a Qualified Public Offering, the average closing price (at the end of regular trading) of the thirty trading days prior to the relevant date as listed on any national securities exchange or any national market system (including, but not limited to, the NASDAQ Global Market Reporting System).
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Common Unit Value has the meaning given in Section 7.2(a)(i).
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Examples of Common Unit Value in a sentence

  • The Tranche C RDU's vest upon the earlier to occur of (i) the two-year anniversary of the date that upon which or following a Realization Event a Common Unit Value of $15.00 is met or exceeded; or (ii) the six-month anniversary of the date upon which or following a Complete Change in Control a Common Unit Value of $15.00 is met or exceeded.

  • For purposes of this Agreement, the “Locked Amount” shall mean an amount in cash equal to the Common Unit Value as determined on the date of the Complete Change in Control or Realization Date (other than a Qualified Public Offering) which triggered the vesting of the relevant Deferred Units multiplied by the number of Transaction Vested Units subject to payment, rounded down to the nearest whole number.

  • For purposes of this Agreement, the “Locked Amount” shall mean an amount in cash equal to the Common Unit Value as determined on the date of the Complete Change in Control or Realization Date (other than a Qualified Public Offering) which triggered the vesting of the relevant Deferred Units multiplied by the number of Vested Units subject to payment, rounded down to the nearest whole number.

  • The Tranche C Options vest upon the earlier to occur of (i) the two-year anniversary of the date that upon which or following a Realization Event a Common Unit Value of $15.00 is met or exceeded; or (ii) the six-month anniversary of the date upon which or following a Complete Change in Control a Common Unit Value of $15.00 is met or exceeded.

  • Momentive Performance Materials Holdings LLC2011 Equity Incentive PlanGrant Date: March 8, 2013Restricted Deferred Units (RDU's) Tranche A RDU's (0% Vested) 564,913 The Tranche A RDU's vest upon the earlier to occur of (i) the one-year anniversary of the date that upon which or following a Realization Event a Common Unit Value of $3.50 is met or exceeded; or (ii) the six-month anniversary of the date upon which or following a Complete Change in Control a Common Unit Value of $3.50 is met or exceeded.

  • Momentive Performance Materials Holdings LLC 2011 Equity Incentive Plan Grant Date: February 23, 2011 Restricted Deferred Units Tranche B & C RDU's (0% Vested) 96,834 The Tranche B RDU's vest upon the earlier to occur of (i) the two-year anniversary of the date that upon which or following a Realization Event a Common Unit Value of $10.00 is met or exceeded; or (ii) the six-month anniversary of the date upon which or following a Complete Change in Control a Common Unit Value of $10.00 is met or exceeded.

  • Partnership Common Units issued as CVI Consideration shall be valued (for purposes of calculating the number of Partnership Common Units to be issuable to Holders) at the Common Unit Value.

  • The value of the Common Units issued at the Closing shall equal the Common Unit Value and the value of the Preferred Units issued at the Closing shall equal the Preferred Unit Value.

  • If the Estimated Merger Consideration Adjustment Amount is a negative number, the Equity Merger Consideration shall be decreased by an amount equal to the quotient of such shortfall divided by the Closing Date Common Unit Value.

  • The Common Unit Value shall equal the aggregate Fair Market Value of Common Units outstanding immediately prior to such Distribution divided by the number of Common Units outstanding immediately prior to such Distribution.


More Definitions of Common Unit Value

Common Unit Value means (1) the Value of one Common Share multiplied by (2) the Conversion Factor.
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Common Unit Value shall have the meaning set forth in the Series C Preferred Unit Designation.
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Common Unit Value shall have the meaning set forth in Section 3.2 hereof.
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Common Unit Value means $23.50; provided, however, that in the event that the Average Share Price is less than $23.50, then the Common Unit Value shall be equal to the greater of (i) the Average Share Price and (ii) $22.50.
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Common Unit Value means (A) if the Partnership Common Units are listed or admitted to trading on any securities exchange, the sum of the daily VWAPs of one Partnership Common Unit on the New York Stock Exchange (or if the Partnership Common Units are not then listed on the New York Stock Exchange, such other exchange on which the Partnership Common Units are then listed) for each of the 90 consecutive trading days during the Averaging Period, divided by 90, (B) if the Partnership Common Units are not then listed or admitted to trading on any securities exchange, the sum of the daily last reported sale prices (or if no sale takes place on any particular day, the average of the closing bid and asked prices on such day) as reported by a reputable quotation source designated by the Partnership for each of the 90 trading days during the Averaging Period, divided by 90 and (C) if the Partnership Common Units are not then listed or admitted to trading on any securities exchange and no such reported sale price or bid and asked prices are available, the average of the high bid and low asked prices on the last day on which such information was available, as reported in the Authorized Newspaper; provided that if during the Averaging Period the Ex-Date with respect to any dividend or other distribution (other than the payment of a dividend or other distribution by the Partnership to its unitholders in Partnership Common Units) shall have occurred in respect of a Partnership Common Unit, for purposes of calculating the Common Unit Value, the daily VWAP, the last reported sale price or the average of the closing bid and asked prices, as applicable, for any trading day in the Averaging Period preceding the Ex-Date in respect of such dividend or other distribution shall be reduced by the amount of such dividend or other distribution.
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Related to Common Unit Value

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Common Unit Price has the meaning specified in Section 2.1(b).

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

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

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

  • Common Stock Price means the volume weighted average closing price of the Common Stock as reported by the NYSE American for the 10 trading days immediately preceding the date on which the determination is made.

  • Common Units means common units representing limited partner interests in the Partnership.

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

  • REIT Share means a share of common stock, par value $.01 per share, of the General Partner.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class A Common Stock means the Class A common stock, par value $0.01 per share, of the Company.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.

  • Stock Value means an amount equal to (a) 25% multiplied by (b) (i) the Closing Purchase Price, minus (ii) the Financial Debt, minus (iii) the Transaction Expenses.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.

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

  • Per Share Value means the average value of the consideration to be received in respect of each outstanding Common Share pursuant to the Qualifying Transaction as determined by mutual agreement of the Independent Directors (as defined in Section 2(b)(ii) below) and the holders of not less than 50% in interest of all outstanding warrants to purchase Common Shares containing this provision, or, if they shall fail to agree, by an Investment Bank.