Bonus Units definition

Bonus Units means the Units issued, on distribution of the distributable income, in the form of a stock dividend.

Bonus Units means the Units issued instead of cash dividend on distribution of the distributable income.

Bonus Units means the additional Units a Unitholder is entitled to receive in payment of a distribution equal to 5% of each distribution that was reinvested by the Unitholder under the terms of the DRIP.

Examples of Bonus Units in a sentence

• The issue price applicable to Bonus Units issued by way of dividend distribution or issue of Units in lieu of cash distribution shall not include any sales or processing charge.

• The Bonus Units would rank pari passu as to their rights in the Net Assets, earnings and receipt of dividend and distribution with the existing Units from the date of issue of these Bonus Units.

• The account statement or Unit Certificate shall be dispatched to the Unit Holder within fifteen days of the issue of Bonus Units.

• After the fixing of the rate of bonus distribution per Unit, in case of distribution in the form of Bonus Units, the Management Company shall, under intimation to the Trustee, issue additional Units issued in the name of the Unit Holders as per the bonus ratio.

• The Management Company may decide to distribute, wholly or in part, the distributable income in the form of stock dividend (which would comprise of the Bonus Units of the Trust) if it is in the interest of Unit Holders.

More Definitions of Bonus Units

Bonus Units means additional Units calculated and allocated in accordance with Clause 14.

Bonus Units mean the Units issued, on distribution of the distributable income, in the form of a stock dividend.”

Bonus Units means and includes, where the context so requires, a unit issued as fully paid-up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserves formed or otherwise in respect of this scheme.

Bonus Units has the meaning set forth in the Recitals.

Bonus Units means Bonus Units granted pursuant to this Plan. Each Bonus Unit represents a 1% interest in each of Bonus Amount A and Bonus Amount B, subject to adjustment as provided in the last sentence of Section 6.3 of the Plan. There shall be no more than 100 Bonus Units granted under the Plan.

Bonus Units means a number of Units equal to one and one half percent (1.5%) of the number of Units to be issued in respect of the Unit Value pursuant to the terms of the Unit Purchase Agreement. “Books and Records” has the meaning set forth in Section 2.01(k). “BP” shall mean BP Products North America, Inc. or any of its affiliates. “BP Remediation Agreement” shall mean that certain Release and Right of Entry Agreement, dated on or about December 29, 1998, between Amoco Oil Company (predecessor to BP) and Carbo Realty, as recorded with the deed to the property owned by Carbo Realty and located at 000 Xxxxxxx Xxxxxxxxx, Inwood, NY 11096, as amended by that certain Letter Agreement, dated as of June 18, 2013, by and between BP and the Sellers. “Business” has the meaning set forth in the recitals. “Business Day” means any day except Saturday, Sunday or any other day on which commercial banks located in the State of New York are authorized or required by Law to be closed for business. “Buyer” has the meaning set forth in the preamble. “Buyer Closing Certificate” has the meaning set forth in Section 7.03(g).

Bonus Units means additional Units calculated and allocated in accordance with Clause 12.