NATURE OF UNIT Sample Clauses

NATURE OF UNIT. Except as otherwise provided herein, each issued and outstanding Unit shall be equal to each other Unit with respect to voting rights, the right to receive distributions from the Partnership and otherwise. No Unit shall have any preference or right in any circumstances over any other Unit. Each Unit carries the right to one (1) vote in respect of all matters to be decided by the Limited Partners. The General Partner shall not, as such, be entitled to vote at any meetings of Partners. Units have no preference, exchange, pre-emptive or -------------------------------------------------------------------------------- YORK REGION E-PROPERTY LIMITED PARTNERSHIP 12 redemption rights. Only registered holders of Units will be entitled to vote or receive distributions or otherwise to exercise or enjoy the rights of Limited Partners.
Sample 1
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NATURE OF UNIT. Except as otherwise provided herein, each issued and outstanding Unit shall be equal to each other Unit with respect to voting rights, the right to receive distributions from the Partnership and otherwise. No Unit shall have any preference or right in any circumstances over any other Unit. Each Unit carries the right to one (1) vote in respect of all matters to be decided by the Partners. Units have no preference, exchange, preemptive or redemption rights. Only registered holders of Units will be entitled to vote or receive distributions or otherwise to exercise or enjoy the rlghts of Partners.
Sample 1

Related to NATURE OF UNIT

  • NATURE OF OPTION The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options”.

  • Nature of Undertakings The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of the Borrower and each other member of the Group.

  • Nature of Agreement You understand and agree that this letter agreement is a severance agreement and does not constitute an admission of liability or wrongdoing on the part of the Company.

  • Nature of Services Executive shall diligently perform such duties and assume such responsibilities as shall from time to time be specified by the Company.

  • Nature of Award In accepting the award, Employee acknowledges that:

  • Nature of the Award In accepting the Award, you acknowledge, understand and agree that:

  • Nature of Grant In accepting the grant, the Participant acknowledges, understands and agrees that:

  • Forfeiture of Units If the Grantee is not otherwise vested as provided in Section 3 above, all Units granted shall be forfeited if the Grantee has a voluntary or involuntary Termination of Service for any reason other than as described below in Section 5. Each Grantee, by his or her acceptance of the Units, agrees to execute any documents requested by the Company in connection with such forfeiture. Such provisions with respect to forfeited Units shall be specifically performable by the Company in a court of equity or law. Upon any forfeiture, all rights of the Grantee with respect to the forfeited Units shall cease and terminate, without any further obligation on the part of the Company.

  • Nature of Purchase Such Purchaser is not acquiring the Notes purchased by it hereunder with a view to or for sale in connection with any distribution thereof within the meaning of the Securities Act, provided that the disposition of such Purchaser's property shall at all times be and remain within its control.

  • Nature of Relationship The Company acknowledges and agrees that in connection with the offering and the sale of the Notes or any other services the Underwriters may be deemed to be providing hereunder, notwithstanding any preexisting relationship, advisory or otherwise, between the parties or any oral representations or assurances previously or subsequently made by the Underwriters: (i) no fiduciary or agency relationship between the Company and any other person, on the one hand, and the Underwriters, on the other hand, exists; (ii) the Underwriters are not acting as advisors, experts or otherwise, to the Company, including, without limitation, with respect to the determination of the public offering price of the Notes, and such relationship between the Company, on the one hand, and the Underwriters, on the other hand, is entirely and solely a commercial relationship, based on arms-length negotiations; (iii) any duties and obligations that the Underwriters may have to the Company shall be limited to those duties and obligations specifically stated herein; and (iv) the Underwriters and their respective affiliates may have interests that differ from those of the Company. The Company hereby waives any claims that the Company may have against the Underwriters with respect to any breach of fiduciary duty in connection with this offering.

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