Common use of Conversion of NMCI Public Units Clause in Contracts

Conversion of NMCI Public Units. Each of the NMCI Public Units outstanding immediately prior to the Effective Time shall be converted into the right to receive 0.39 of a validly issued Parent Common Unit (the “Merger Consideration”, and such ratio, the “Exchange Ratio”).

Appears in 2 contracts

Sources: Merger Agreement (Navios Maritime Partners L.P.), Merger Agreement (Navios Maritime Partners L.P.)

Conversion of NMCI Public Units. Each of the NMCI Public Units outstanding immediately prior to the Effective Time shall be converted into the right to receive 0.39 of a validly issued Parent Common Unit (the “Merger Consideration”Consideration “, and such ratio, the “Exchange Ratio”).

Appears in 1 contract

Sources: Merger Agreement (Navios Maritime Containers L.P.)