Hurdle Amount. The Hurdle Amount (as such term is defined in the LLC Agreement) applicable to the Employee Units is $390,000,000, and represents the aggregate fair market value of all of the equity of the Unitholders (as that term is defined in the LLC Agreement) as of the date hereof (after giving effect to the acquisition of membership interests of the Company by THL).
Appears in 3 contracts
Sources: Restricted Unit Agreement (Hawkeye Holdings, Inc.), Restricted Unit Agreement (Hawkeye Holdings, Inc.), Restricted Unit Agreement (Hawkeye Holdings, Inc.)