Dissenting Units definition

Dissenting Units means the Units held by Dissenting Unitholders in respect of which Dissent Rights have been and remain validly exercised at the Effective Time.

Dissenting Units has the meaning set forth in Section 3.5(a).

Dissenting Units shall have the meaning set forth in Section 1.7.

Examples of Dissenting Units in a sentence

• Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of any holder of Company Interests, each unit of Company Interest held in the Company’s treasury or owned by the Company, Parent or Merger Sub immediately prior to the Effective Time shall be cancelled and extinguished without any payment of any consideration therefor (such units of Company Interests, together with any Dissenting Units, the “Disregarded Units”).

• Each holder of Dissenting Units who, pursuant to the provisions of the Act, becomes entitled to payment of the fair value of such shares shall receive payment therefor in accordance with the Act (but only after the value therefor shall have been agreed upon or finally determined pursuant to the Act).

• Notwithstanding the foregoing provisions of this Section 6, if any holder of Dissenting Units shall fail to perfect, or shall have effectively withdrawn or lost, its right to dissent from the Merger under the Act, then, as of the later of the Effective Time and the occurrence of such event, such Limited Partner’s Class B Units shall automatically be converted into, and represent only, the right to receive shares of Class A Stock as set forth in Section 5(b) above, without interest thereon.

• At the Company Effective Time with respect to the Company Merger or the Effective Time with respect to the Management Company Merger, any holder of Dissenting Units will cease to have any rights with respect thereto, except the rights provided in Sections 25.15.471 and 25.15.491 of the WA LLCA and as provided in the previous sentence.

• At or prior to the Effective Time, Belpointe PREP shall deposit, or cause to be deposited, with the Exchange Agent, for the benefit of the holders of the XXXXX Units, evidence of Class A Units in book-entry form representing the Class A Units issuable for exchange pursuant to this Article III (such evidence of book-entry Class A Units, the “Exchange Fund”); provided that no such deposits shall be required to be made with respect to any Dissenting Units.

More Definitions of Dissenting Units

Dissenting Units means Units in respect of which a registered Unitholder thereof has duly exercised his, her or its Arrangement Dissent Rights;

Dissenting Units has the meaning set forth in Section 2.11(a).

Dissenting Units means those Trust Units in respect of which a registered Unitholder has duly exercised the rights of dissent provided to such Unitholder under the Interim Order;

Dissenting Units means the Trust Units in respect of which Dissenting Unitholders have exercised Dissent Rights;

Dissenting Units means Subversive Restricted Voting Units held by Dissenting Holders in respect of which Dissent Rights have been and remain validly exercised at the Effective Time.

Dissenting Units means the REIT Units held by a Dissenting Unitholder; "DPSP" has the meaning ascribed thereto under "Eligibility for Investment"; "Effective Date" means the date shown on the Certificate of Arrangement;

Dissenting Units means the REIT Units held by a Dissenting Unitholder;