Alternative Units definition

Alternative Units is defined in Section 3.5(c)(ii)
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Alternative Units has the meaning ascribed to it in section 3.1;
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Alternative Units means equity in regulated investment companies (mutual funds) or any other investments other than Common Units.
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Examples of Alternative Units in a sentence

  • In addition to the specific program commitments in each SHU-Alternative Program described herein, the Program Management Team in Alternative Units will be encouraged to make use of out-of-cell interviews with inmates entering into, and participating in, a SHU-Alternative Program to engage the inmate and review the inmate’s progress with program objectives.

  • South African institutional Unitholders may therefore elect to receive Re-Investment Alternative Units without affecting their foreign portfolio investment allowances or foreign exposure limits.Similarly, South African individuals are able to acquire units of foreign entities that are inward listed on the JSE without restriction.

  • The distribution of this circular and/or accompanying documents and the right to receive Re-Investment Alternative Units in jurisdictions other than the Republic of South Africa may be restricted by law and a failure to comply with any of these restrictions may constitute a violation of the securities laws of any such jurisdictions.

  • The price paid for the Alternative Units will be that portion of the price for the New Securities set forth in the Notice of Issuance delivered pursuant to Section 3.5(b) of the Equityholders’ Agreement allocated between the Company and the LLC based on the relative value of the Alternative Voting Securities and the Alternative Units.

  • The portion of the purchase price attributable to the Alternative Units will be payable directly to the LLC as provided in Section 3.5(g) of the Equityholders’ Agreement and the Capital Account of the holder of Class B Common Units shall be adjusted accordingly.

  • This Agreement is effective as of the Effective Date and expires on the date the Parties have completed the performance of their obligations associated with the last Delivery of Project Offset Units, Substitute Offset Units, or Alternative Units, to be Delivered hereunder, unless earlier terminated in accordance with its terms (the “Term”).

  • Subject to the terms contained in this circular and the attached form of election pertaining to Certificated Unitholders, Unitholders recorded in the register of IAPF at the close of business on the Record Date who have not elected to receive Re-Investment Alternative Units, will be paid the Cash Distribution.

  • The Re-Investment Alternative Units have not been, and will not be, registered for the purposes of the election under the securities laws of the United Kingdom, European Economic Area or EEA, Canada, United States of America or Japan and accordingly are not being offered, sold, taken up, re-sold or delivered directly or indirectly to recipients with registered addresses in such jurisdictions.

  • The Cash Distribution will be paid via electronic transfer into the personal bank accounts of Certificated Unitholders who have not elected to receive Re- Investment Alternative Units only in the event that the Transfer Secretaries are already in possession of their banking details.

  • Certificated Unitholders who wish to receive Re-Investment Alternative Units must complete the attached form of election in accordance with the instructions contained therein and lodge it with the Transfer Secretaries at 70 Marshall Street, Johannesburg 2001 or post it to their postal address, PO Box 61763, Marshalltown 2107, to be received by no later than 12:00 on the Record Date.

Related to Alternative Units

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class B Units means the Class B Units of the Company.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Cooperative Unit A single family dwelling located in a Cooperative Property.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class A Investor Interest means, on any date of determination, an amount equal to (a) the Class A Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class A Certificateholders prior to such date and minus (c) the excess, if any, of the aggregate amount of Class A Investor Charge-Offs pursuant to subsection 4.10(a) over Class A Investor Charge-Offs reimbursed pursuant to subsection 4.11(b) prior to such date of determination; provided, however, that the Class A Investor Interest may not be reduced below zero.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Common Units is defined in the Partnership Agreement.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Administrative unit Means an administrative unit established under the Public Sector Act 2009 and includes an administrative unit established while this Enterprise Agreement remains in force;

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Initial Investor Interest means $750,000,000.

  • Investor Interest means, on any date of determination, an amount equal to the sum of (a) the Class A Investor Interest, (b) the Class B Investor Interest and (c) the Collateral Interest, each as of such date.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Class C Shares means shares of the Class C Common Stock.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.