Excess Units definition

Excess Units means Common Units that have been tendered for Redemption to the extent the issuance of REIT Shares in exchange for such units would violate the restrictions on ownership or transfer of the REIT Shares set forth in the Charter.

Excess Units means Tendered Units, the issuance of REIT Shares in exchange for which would result in a violation of the Ownership Limit.

Excess Units shall have the meaning set forth in Section 16.7.A(iii).

Examples of Excess Units in a sentence

• This Section 7.5 shall apply to the acquisition of Shares and Units only after conclusion of the earlier of the Company’s sale of the Minimum Offering (as defined in the Prospectus) or the Company’s first taxable year, and a Shareholder will not be required to dispose of Excess Shares or Excess Units acquired prior to the earlier of the conclusion of the sale of the Minimum Offering or the Company’s first taxable year.

• Excess Shares and Excess Units shall be deemed to have been acquired and to be held on behalf of the Company, and, as the equivalent of treasury shares for that purpose, shall not be considered to be outstanding for quorum or voting purposes, and shall not be entitled to receive dividends, interest or any other distribution.

• If prior to the discovery by the Company of the acquisition or transfer of any Excess Shares or Excess Unit dividends, interest or any other distributions are paid with respect to any Excess Shares or Excess Units, then such dividends, interest or any other distributions shall be repaid to the Company.

• In more details, [1] showed that convergence is impossible if robots are not endowed with strong multiplicity detectors which are able to detect the exact number of robots that may simultaneously share the same 1Gathering requires robots to actually reach a single point within finite time regardless of their initial positions.

• D1.12.4 To the extent that the Open Season Unit Holder does not sell the Excess Unit(s) in accordance with the Market Share Notice, it will lose the right to use such Excess Unit(s).

More Definitions of Excess Units

Excess Units has the meaning set forth in Section 5.9(b)(v)(B).

Excess Units means Common Units which have been tendered for Redemption to the extent the issuance of REIT Shares in exchange for such units would violate the restrictions on ownership or transfer of the REIT Shares set forth in the Charter, after giving effect to any waivers or modifications of such restrictions by the Board of Directors.

Excess Units has the meaning set forth in Section 4.5(g)(i)(C).

Excess Units has the meaning assigned to such term in Section 4.10(d).

Excess Units. , "Exchange Notice", "Exchange Price", "Preferred Unit Distribution Payment Date", "Preferred Unit Partnership Record Date" and "Priority Return" shall be deemed references to "Series A Excess Units", "Series A Exchange Notice", "Series A Exchange Price", "Series A Preferred Unit Distribution Payment Date", "Series A Preferred Unit Partnership Record Date" and "Series A Priority Return" respectively.

Excess Units means Common Units which have been tendered for Redemption to the extent the issuance of REIT Shares in exchange for such units would violate the Ownership Limit, after giving effect to any waivers or modifications of such restrictions by the General Partner.

Excess Units shall have the meaning ascribed thereto in Section 9.5(b).