Fractional Units definition

Fractional Units means the deeded monthly fractional ownership of residential units located within the Project and to be sold by the Reorganized Debtors to fund the payments to be made pursuant to the Plan.
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Examples of Fractional Units in a sentence

  • Fractional Units shall not be issued to Investors (but may be issued to the Sponsor or any other ▇▇▇▇▇▇▇ ▇▇▇▇▇ entity).

  • Fractional Units shall not be entitled to vote except in the event of a tie vote.

  • Fractional Units shall not, except to the extent that they may represent in the aggregate one or more whole Units, entitle the holders thereof to notice of or to attend or to vote at, meetings of Unitholders.

  • Fractional Units shall not, except to the extent that they may represent in the aggregate one or more whole Units, entitle the holders thereof to notice of or to attend or to vote at, meetings of Limited Partners.

  • Fractional Units shall not be issued to Investors (but may be issued to the Manager).

  • Fractional Units, calculated to five decimal places, may be sold.

  • In the event that the Company shall purchase any Units of Membership Interest (including Fractional Units), such Units of Membership Interest (or Fractional Units) shall be extinguished, and the Membership Interest Certificates with respect thereto shall be surrendered and cancelled.

  • Fractional Units shall not be issued to Investors (but may be issued to the Sponsor or any other Merrill Lynch entity).

  • Fractional Units shall not be issued to Investors (but may be issued to the Sponsor or any other M▇▇▇▇▇▇ L▇▇▇▇ entity).

  • In the event that the Partnership shall purchase any Units of Partnership Interest (including Fractional Units), such Units of Partnership Interest (or Fractional Units) shall be extinguished and the Partnership Interest Certificates with respect thereto shall be surrendered and cancelled.

Related to Fractional Units

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

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

  • Common Units is defined in the Partnership Agreement.