Management Units Sample Clauses

Management Units. The Board of Managers may from time to time in its sole discretion (a) issue Units, or reserve Units to be issued upon the exercise of options granted, to employees, consultants, managers or independent contractors of the Company or its Affiliates, whether in connection with an investment by such Person or otherwise, and (b) issue options to purchase Units pursuant to the Company's Unit option plans or otherwise to employees, consultants, managers or independent contractors of the Company or its Affiliates, or other Persons the Board of Managers deems appropriate, all upon terms, conditions, vesting rights and consideration, if any, as the Board of Managers deems appropriate; provided, however, that the aggregate number of Units issued or reserved for options pursuant to this Section 3.6 shall at no time exceed 10,000 Units. The terms on which any Units are issued pursuant to this Section 3.6 shall be determined by the Board of Managers.
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Management Units. In consideration of the prior services rendered by the Executive to the Company, ENV Holdings has previously granted to the Executive a certain amount of (i) Class B Units of ENV Holdings (the “Class B Units”) and (ii) Class C Units, Class D Units and Class E Units of ENV Holdings (collectively, the “Management Units”), which Class B Units and Management Units are subject to the terms and conditions of the Third Amended and Restated Limited Liability Company Agreement of ENV Holdings, dated as of June 7, 2006, as the same is in effect from time to time (the “Amended Agreement”).
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Management Units. No Management Member shall Transfer all or any portion of its Management Units to any transferee (other than a Permitted Transferee) without the consent of the Operating Managing Member.
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Management Units. The Ranch Advisory Board has created new management units that consider recommendations made by other plans submitted to the Board. Units 1-15 are indentified for use by the cattle ranching operation, unit A as recreational, and unit B as historical. Unit C has been transformed by City Council into a city park (Xxxxxx Vista Park) and is no longer identified as being part of the ranch property. Additionally, the boundaries for units 1-15 have been typically identified by using existing fence lines, irrigation ditches, and incorporating the need for better grazing management through the establishment of smaller and consistently-sized units. These units can be consolidated or divided as needed to meet future management goals or as new situations arise. Acreage sizes listed below are approximations. Unit Name Acreage 1A 74 1B 43 2 66 3 101 4 114 (82+32) 5 100 6 82 7 102 8 62 9 53 10 15 11A 40 11B 25 12 86 13 77 14 40 15 25 A – Disc Golf/Oxbow 163 B - Dairy 13 C – Xxxxxx Vista Park 71 Units 1A (west – 74 acres) and 1B (east – 43 acres) These parcels are the farthest from the City of Alamosa, have medium pasture value and low habitat and cultivation value. If irrigation were removed from these parcels they would revert to upland habitat supporting some native shrubs and grasses, but not suitable for grazing. Historic use included alfalfa production but the acreage has been converted to native grasses. Current uses are grazing and haying. Due to the extensive salt meadow in 1B, this unit could be dried up if the need arises.  Unit 1A has a single 20 GPM well. Unit 2 (66 acres) Part of a vast meadow subdivided to create smaller grazing units with ample water sources. Probably one of the best tracts on the ranch for grazing purposes. Historic usage includes hay production, grazing, and spring calving. Unit 3 (101 acres) Part of a vast meadow subdivided to create smaller grazing units with ample water sources. Probably one of the best tracts on the ranch for grazing purposes. Historic usage includes hay production, grazing, and spring calving. This is the only ranch unit that has access to the Rio Grande River. The river makes a large bend in the southwest xxxxx of the tract. The far west portion of this unit has been identified to be suitable for recreation purposes (trails, cross-country track).  Unit 3 has a single 20 GPM well  ***There is an inactive/non-productive stock well on this tract. I haven't researched to find out if it’s adjudicated and or registere...
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Management Units. (a) In addition to all sums payable to Employee pursuant to Paragraph 3 above, Employee shall receive fifty (50) Class B Management Units of Holdings at a price of $50.00 ("Original Cost").
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Management Units. Date of Issuance /Type of Unit Total Number of Management Units Number of Vested Management Units Number of Unvested Management Units 3/9/04 910,000 910,000 0
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Management Units. Subject to approval by the Company’s Board of Directors, Executive shall be entitled to receive, on or promptly after the Closing Date, “Management Units” representing a 0.125% interest in the profits, gains and other income of AC HoldCo LLC as specified in the Management Plan adopted by the Board of Directors of AC HoldCo LLC. Such Management Units shall be subject to the terms and conditions of the Management Plan and subject to Executive’s continued employment hereunder, the Management Units shall vest and cease to be forfeitable in 16 equal three-month installments during the period ending on the fourth anniversary of the Effective Date. Subject to Executive’s continued employment, Executive will also receive hereunder an additional grant of a comparable number of Management Units representing a 0.125% interest in the profits, gains and other income of AC HoldCo LLC as specified in the Management Plan adopted by the Board of directors of AC HoldCo LLC on the one year anniversary of the Effective Date (“Second Management Grant”). The vesting commencement date of the Second Management Grant, if any, will be the Effective Date.
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Management Units. The Owner acknowledges that the Project will contain [Number of Units ( )]residential units, of which [Number of Units ( )]are management units included in the common area, leaving [Number of Units ( )] rent-commanding units. Of the [Number of Units ( )]rent-commanding units, [Number of Units ( )]units are to be rented at market rates and [Number of Units ( )]units at restricted, low-income rents.
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Management Units 
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Related to Management Units

  • Member Units Each Member’s interest in the Company, including such Member’s interest in income, gains, losses, deductions and expenses of the Company and the right to vote on certain matters as provided in this Agreement, shall be represented by the Units owned by such Member.

  • Management Investors The term "Management Investors" shall have the meaning set forth in the preface.

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Membership Units The Company is initially organized with One (1) class of Membership Interests, designated in Units, which Units are initially the only class of equity in the Company. The Units shall have no par value and shall be of a single class with identical rights. The Company shall have a first lien on the Units of any Member for any debt or liability owed by such Member to the Company. Additional and different classes of Membership Interests represented by different Units may be created and issued to new or existing Members on such terms and conditions as the Governors may determine. Such additional and different classes may have different rights, powers and preferences (including, without limitation, voting rights and distribution preferences), which may be superior to those of existing Members. Members shall have no preemptive rights to acquire additional or newly created Units.

  • Partnership Units Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on the number of Partnership Units held by, and the Percentage Interest of, any Partner. Each Partnership Unit shall entitle the holder thereof to one vote on all matters on which the Partners (or any portion of the Partners) are entitled to vote under this Agreement.

  • Class B Units The term “Class B Units” means the Units having the privileges, preferences, and rights specified with respect to “Class B Units” in this Agreement, including those described in Section 7.1(c)(3).

  • Common Units The capital structure of the Company shall consist of one class of common interests (the "Common Units"). The Company shall have authority to issue one thousand (1,000) Common Units. Each Common Unit shall have one vote and shall otherwise be identical with each other Common Unit in every respect.

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • OP Units Any portion of the Consideration payable hereunder in the form of common units of limited partnership interests of the Operating Partnership (“OP Units”) shall be registered in the name of Contributor. OP Units will not be delivered to Contributor unless Section 2.2(j) hereof is true and correct as of the Closing Date. No fractional OP Units will be issued and OP Units will be rounded to the nearest whole number. The Consideration payable to Contributor, whether in cash, in OP Units or a combination thereof, may be reduced by the amount the Operating Partnership reasonably determines must be withheld for tax purposes. The rights and obligations of holders of OP Units as of the Closing will be as set forth in the First Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “Partnership Agreement”), the form of which was filed as Exhibit 10.1 to Amendment No. 1 to the REIT’s Registration Statement on Form S-11 (File No. 333-231677), which the REIT filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2019 (the “IPO Registration Statement”). Although initially the OP Units will not be certificated and the Operating Partnership does not currently expect the OP Units will ever be certificated, any certificates, subsequently issued evidencing the OP Units will bear appropriate legends (i) indicating that the issuance of the OP Units has not been registered under the Securities Act of 1933, as amended (“Securities Act”) and that the OP Units may not be transferred absent registration under the Securities Act or an exemption from the registration requirements, (ii) indicating that the Partnership Agreement will restrict the transfer of the OP Units and (iii) describing the ownership limitations and transfer restrictions imposed by the charter of the REIT with respect to shares of the REIT’s capital stock.

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