OpCo Common Units definition

OpCo Common Units means limited partner interests in the Operating Partnership having the rights and obligations specified with respect to “Common Units” in the OpCo Partnership Agreement, as it may be amended, supplemented or restated from time to time.
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OpCo Common Units means the “Common Units” of OpCo as defined in the OpCo LLCA.
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OpCo Common Units has the meaning set forth in the recitals.
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Examples of OpCo Common Units in a sentence

  • Upon any exchange of OpCo Common Units and Class B Units for Common Units pursuant to the Exchange Agreement, the Partnership shall issue to the exchanging holder of such OpCo Common Units and Class B Units a number of Common Units equal to the number of OpCo Common Units forfeited in connection with such exchange.

  • No deferred taxes are included in the pro forma tax provision because Intuitive Machines is not more likely than not to benefit from the related deferred tax assets.CC.Immediately following the Business Combination, the economic interests held by the noncontrolling interest (comprising Intuitive Machines OpCo Common Units at Closing) were approximately 76.4%.

  • To the extent the Operating Company issues OpCo Common Units and the Partnership issues Class B Units in the future, then the holder of such OpCo Common Units and Class B Units shall have the right to execute and deliver a joinder to this Agreement, substantially in the form attached hereto as Annex A, whereupon such holder shall become a Participating Holder hereunder.

  • Immediately following the Business Combination, the economic interests held by the noncontrolling interest (comprising Intuitive Machines OpCo Common Units issued at Closing) were approximately 76.4%.

  • All outstanding OpCo Common Units are (i) issued in compliance in all material respects with applicable Law and (ii) not issued in breach or violation of preemptive rights, rights of first refusal, rights of first offer or Contract.

  • Upon any exchange of OpCo Common Units and Class B Shares for Class A Shares pursuant to the Exchange Agreement, the Partnership shall issue to the exchanging holder of such OpCo Common Units and Class B Shares a number of Class A Shares equal to the number of OpCo Common Units forfeited in connection with such exchange.

  • For the avoidance of doubt, if there is any reclassification, reorganization, recapitalization or other similar transaction in which the OpCo Common Units, Common Units or Class B Units, as applicable, are converted or changed into another security, securities or other property, this Section 2.3 shall continue to be applicable, mutatis mutandis, with respect to such security or other property.

  • The Borrower shall not permit (i) any Restricted Subsidiary to issue any preferred Equity Interests other than the OpCo Preferred Units or (ii) OpCo to issue or permit to be held by any Person (other than the Borrower) any Equity Interests having voting rights more favorable to the holders thereof than the voting rights applicable to the OpCo Common Units on and as of the date the Tax Change Transactions are consummated.

  • Immediately following the consummation of the Transactions, the economic interests held by the noncontrolling interest (comprising Intuitive Machines OpCo Common Units issued at the Closing Date) were approximately 76.4%.

  • At the Closing and immediately prior to the Transfer, the Partnership's equity interest in the Operating Company shall be converted into 13,886,204 newly issued OpCo Common Units and 110,000 newly issued OpCo Series A Preferred Units (the "Conversion").


More Definitions of OpCo Common Units

OpCo Common Units means, collectively, the OpCo Class A Units and OpCo Class B Units.
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OpCo Common Units has the meaning set forth in the Partnership Agreement.
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OpCo Common Units means common units representing limited liability company interests in Opco having the rights and obligations specified with respect to “Common Units” in the Opco Agreement.
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OpCo Common Units means the common membership interests of OpCo.
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OpCo Common Units means the common units in OpCo.
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OpCo Common Units means, collectively, the OpCo Class A Common Units and OpCo Class B Common Units.
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Related to OpCo Common Units

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

  • Common Units is defined in the Partnership Agreement.

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

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

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

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

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

  • Class B Units means the Class B Units of the Company.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Company Units has the meaning set forth in the Recitals.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

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

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • 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”.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • REIT Shares shall have the meaning set forth in the OP Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Membership Units means membership interests in the Company.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.