Excluded Unit means any Partnership Security issued on or after January 1, 2017, if the net proceeds from the issuance of such Partnership Security have been or will be used to pay for, finance or refinance a Qualified Project, as determined by the General Partner; provided, that a Partnership Security shall cease to be an Excluded Unit on the first day of the first Quarter commencing after the Commercial Operation Date of the Qualified Project for which such Partnership Security was issued.

Excluded Unit means, at any Payment Date, any Unit (i) for which the Lease is to be terminated pursuant to Section 10 of the Lease on such Payment Date, (ii) which suffers an Event of Loss or a deemed Event of Loss under Section 9.1 of the Lease and is not replaced pursuant to Section 11.2(i) prior to or on such Payment Date or (iii) which is to be purchased by the Lessee pursuant to Section 6.9 of the Participation Agreement on such Payment Date; provided that the principal amount of the Equipment Note or Notes which corresponds to the Equipment Cost of such Unit is to be prepaid in accordance with Section 2.10 of the Indenture on such Payment Date (unless Lessee shall have assumed such obligations pursuant to and in accordance with Section 3.6 of the Indenture).

Excluded Unit means, at any Payment Date, any Unit (i) for which the ------------- applicable Lease is to be terminated pursuant to Section 10 of the Lease on such Payment Date, (ii) which suffers an Event of Loss or a deemed Event of Loss under Section 9.1 of the Lease and is not replaced pursuant to Section 11.2(i) prior to or on such Payment Date, or (iii) which is to be purchased by the Lessee pursuant to Section 6.9 of the Participation Agreement or Section 22.1 of the Lease, as the case may be, on such Payment Date; provided that the principal amount of the Equipment Note or Notes which corresponds to the Equipment Cost of such Unit is to be prepaid in accordance with Section 2.10 of the Indenture on such Payment Date.

Examples of Excluded Unit in a sentence

Unless otherwise agreed by the Parties, an Excluded Unit shall cease to be an Excluded Unit and operatorship of such Excluded Unit shall be transferred to Noble Operator promptly after all drilling and completion operations that caused such Drilling Unit to be an Excluded Unit have been concluded by CONSOL Operator.
Manager shall provide data to Association within 20 days of the end of each month, reporting for the prior month, the Operating Expenses paid for the Property; the Excluded Unit Operating Expenses accrued; the total rental income for the Property; and the average daily rental rate, number of days, and total rental income for each Rental Unit, along with payment of the monthly Profit Share.

More Definitions of Excluded Unit

Excluded Unit means, at any time, any Common Unit or LTIP Unit that is prohibited at such time from a Redemption by the terms of any agreement between the holder of such Unit and the Company or the Corporation (including an LTIP Agreement).

Excluded Unit means any Unit which includes a Home (whether under construction or completed) that has been part of the Borrowing Base Collateral for more than fifteen (15) months from the commencement of construction of such Home in the case of a Sold Unit or a Spec Unit or for more than thirty (30) months from the commencement of construction of such Home in the case of a Model Unit.

Excluded Unit has the meaning specified in Section 3.02(d).

Excluded Unit means any group, or other organizational unit, of employees of the Company, other than (a) the business unit denominated as the Electro-Mechanical Division of Curtiss-Wright Flow Control Corporation and (b) any group or unit that has been designated by the Administrative Committee as eligible to participate in this Plan.

Excluded Unit means any group, or other organizational unit, of employees of the Company, other than (a) the Electro-Mechanical Division of Curtiss-Wright Flow Control Corporation and (b) any group or unit that has been designated by the Administrative Committee as eligible to participate in this Plan. With respect to the Predecessor Plan, Excluded Unit means all units of WGSC except for those units designated by WGSC as eligible to participate in the Predecessor Plan.