Tranche C Restricted Units. The Tranche C Restricted Units will vest at such time as the Investors realize IRR equal to at least 37.5% and MOIC equal to at least 4.5x, in each case, based on cash proceeds received by the Investors.
Appears in 6 contracts
Sources: Restricted Unit Award Agreement (Warrior Met Coal, LLC), Restricted Unit Award Agreement (Warrior Met Coal, LLC), Restricted Unit Award Agreement (Warrior Met Coal, LLC)