Class B Common Measuring Date definition
Examples of Class B Common Measuring Date in a sentence
For any Allocation Period ending after the Class B Common Measuring Date, if the Company has Combined Book Profits for such Allocation Period and if there is no Special Allocation Amount as of the beginning of such Allocation Period, then to each of the Common Members in accordance with such Common Member's Percentage Interest.
On the Class B Common Measuring Date, FHGLP contributed the Falcon Contributed Interest to the Company in exchange for Twenty Million Eight Hundred Ninety-Three Thousand Five Hundred Thirty-Nine (20,893,539) Class D Common Units.
Notwithstanding anything to the contrary in Section 7.1, from and after the Class B Common Measuring Date, certain Members may Transfer their Units to PublicCo in exchange for the Class A Common Stock or Class B Common Stock of PublicCo, pursuant to the terms of the Falcon Exchange Agreement, the Bresnan Exchange Agreement, the CII Exchange Agreement, and certain employee option/compensatory plans and agreements of the Company.
At any time after the earlier to occur of (i) the third anniversary of the Class A Preferred Measuring Date or (ii) thirty (30) days after the Class B Common Measuring Date, the Company shall have the right to redeem the Class A Preferred Units at a redemption price equal to the sum of (i) the Class A Preferred Contributed Amount in respect of such redeemed Class A Preferred Units and (ii) the Class A Preferred Return Amount in respect of such redeemed Class A Preferred Units.
Without the need for any additional act or consent of any Person, (i) CII, Vulcan Cable, and the Rifk▇▇ ▇▇▇ders will continue to be members of the Company, and (ii) PublicCo will be, and without further action on the part of any Person, shall be deemed admitted as a member of the Company on the Class B Common Measuring Date.
As of the Class B Common Measuring Date, the initial Capital Account balance of each Class A Common Member and each Class B Common Member shall be equal to the amount set forth for such Member on Schedule 3.3.
For purposes of this Section 3.1.3(a), "net proceeds of the IPO" does not include the proceeds from the underwriters' exercise of their over-allotment option in connection with the IPO to issue up to twenty-five million five hundred thousand (25,500,000) additional shares of PublicCo common stock after the Class B Common Measuring Date.
On the Class B Common Measuring Date, Rifk▇▇ ▇▇▇ders contributed One Hundred Thirty Million Three Hundred Five Thousand Nine Hundred Sixteen (130,305,916) Class A Preferred Units to PublicCo, and these Preferred Units converted into Six Million Nine Hundred Forty-Six Thousand Eight Hundred Ninety-Three (6,946,893) Class B Common Units.
On the Class B Common Measuring Date, R▇▇▇▇▇ Holders contributed One Hundred Thirty Million Three Hundred Five Thousand Nine Hundred Sixteen (130,305,916) Class A Preferred Units to PublicCo, and these Preferred Units converted into Six Million Nine Hundred Forty-Six Thousand Eight Hundred Ninety-Two (6,946,892) Class B Common Units.
On the Class B Common Measuring Date, Rifk▇▇ ▇▇▇ders contributed One Hundred Thirty Million Three Hundred Five Thousand Nine Hundred Sixteen (130,305,916) Class A Preferred Units to PublicCo, and these Preferred Units converted into Six Million Nine Hundred Forty-Six Thousand Eight Hundred Ninety-Two (6,946,892) Class B Common Units.