Transfer Units definition

Transfer Units shall have the meaning ascribed to it in Section 12.6(a).

Transfer Units means Common Units or vested Non-Voting Incentive Units, as applicable, owned by a Member, or issued to a Member after the date hereof (including, without limitation, in connection with any unit split, recapitalization, reorganization, or the like).

Transfer Units. As defined in Section 15.3.

Examples of Transfer Units in a sentence

• No Transfer Units may be sold after such period without again first complying with the requirements of this Section 12.5.

• Any Transfer Units not purchased by any Eligible Member within such period may be sold by the Selling Members to the Prospective Transferee, subject to the requirements of Section 12.2 and the Manager’s prior written consent.

• In the absence of such agreement, each Eligible Member shall be entitled to purchase up to its pro rata share (as described below) of any Transfer Units.

• As used herein, an Eligible Member’s pro rata share shall mean the percentage equal to (x) the number of Transfer Units such Eligible Member has offered to purchase, divided by (y) the total number of Transfer Units that all Eligible Members (excluding the Company) have offered to purchase.

• The closing of the purchase of the Transfer Units by the Eligible Members shall take place, and all payments from the Eligible Members shall have been delivered to the Selling Member, within sixty (60) days of the Exercise Date.

More Definitions of Transfer Units

Transfer Units means Common Units (other than Common Units converted from Preferred Units) and Incentive Units owned by a ROFR Subject, or issued to a ROFR Subject after the date hereof (including, without limitation, in connection with any unit split, recapitalization, reorganization, or the like).

Transfer Units has the meaning set forth in Section 9.2(a).

Transfer Units means Units owned by a Limited Partner, or issued to a Limited Partner after the date hereof.

Transfer Units means Units subject to a Proposed Transfer.

Transfer Units has the meaning given in clause 8.3(d)(ii).

Transfer Units means (i) in the case of a Voluntary Transfer subject to SECTION 7.3, the Units which are subject to the Voluntary Transfer and (ii) in the case of an Involuntary Transfer, the Units which are subject to the Involuntary Transfer.

Transfer Units has the meaning set forth in Section 4.5.1.