We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Unissued Units Clause Samples

The "Unissued Units" clause defines how shares or units of ownership that have not yet been allocated or issued by a company are treated under an agreement. Typically, this clause clarifies whether these unissued units are reserved for future issuance, subject to certain conditions, or excluded from calculations such as ownership percentages or voting rights. For example, it may specify that unissued units are not considered when determining the proportionate interests of current holders. The core function of this clause is to ensure clarity regarding the treatment of unissued equity, preventing disputes over ownership calculations and future allocations.
Unissued Units. Series 18 Preferred Limited Partnership Units not issued shall be restored to the status of authorized but unissued Class A Preferred Limited Partnership Units.
Unissued UnitsSeries 5 Preferred Limited Partnership Units not issued shall be provided the status of authorized but unissued Series 5 Preferred Limited Partnership Units.

Related to Unissued Units

  • Treasury Shares The number of shares of Common Stock --------------- outstanding at any given time shall not include shares owned or held by or for the account of the Company, and the disposition of any such shares shall be considered an issue or sale of Common Stock.

  • Authorized Units Subject to the terms of this Agreement, the Company is authorized to issue equity interests in the Company designated as Units. The total number of Units that the Company shall have authority to issue is 1,000, all of which shall be designated as Common Units.

  • Cancellation of Treasury Shares At the Effective Time, each share of Company Common Stock held as treasury stock or otherwise held by the Company, if any, immediately prior to the Effective Time shall automatically be cancelled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”).

  • 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.

  • Shares The term “

AI Assistant