IDR Holder definition

IDR Holder means a Record Holder of Incentive Distribution Units; provided, that the Partnership shall be considered the Record Holder of any Incentive Distribution Units held by it in treasury.
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IDR Holder has the meaning set forth in the Partnership Agreement.
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IDR Holder means holder of Indian Depository Receipts.
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Examples of IDR Holder in a sentence

  • No IDR Holder may transfer any of its Incentive Distribution Units without the prior written approval of the General Partner.

  • The making of the IDR Reset Election in the manner specified in Section 5.11(b) shall cause the Minimum Quarterly Distribution and the Target Distributions to be reset in accordance with the provisions of Section 5.11(e) and, in connection therewith, each IDR Holder will be entitled to receive IDR Reset Units, without any further approval required by the General Partner or the Unitholders, at the time specified in Section 5.11(c) unless the IDR Reset Election is rescinded pursuant to Section 5.11(d).

  • Incentive Distribution Units may be subject to such additional terms as provided in any applicable IDR Holder Agreement, including with respect to their conversion, redemption, purchase, vesting, transfer or forfeiture, as agreed by the General Partner in its sole discretion.

  • Instead, the Partnership shall pay the cash value of such fractional Units based on the Current Market Price (the date of determination of which shall be as of the date that is three Trading Days prior to the date IDR Reset Units are issued to such IDR Holder).

  • As of the Closing, none of the IDR Holders shall have any outstanding bonds, debentures, notes or other obligation the holders of which have the right to vote (or are convertible into or exercisable for securities having the right to vote) with the holders of Membership Interests in either IDR Holder.

  • There are no preemptive or other rights to subscribe for or to purchase, and no restriction upon the voting or transfer of, any interest in either IDR Holder.

  • Other than this Agreement, as of the Closing, there shall be no outstanding options, warrants or similar rights to purchase or acquire from the IDR Sellers any equity interests in either IDR Holder.

  • Prior to the Closing, the IDR Sellers will form each IDR Holder solely for the purpose of engaging in the transactions contemplated by this Agreement.

  • As of the Closing, each IDR Holder will have engaged in no other business activities, will have conducted its operations only as contemplated by this Agreement, will be a single-member disregarded entity for U.S. federal income tax purposes and will have no liabilities or Encumbrances on any of their respective assets other than as contemplated by this Agreement.

  • Brookfield IDR Holder is hereby admitted as a Member of the Company upon its execution of a counterpart signature page to this Agreement and, as of the date hereof, the Members of the Company are TERP Inc.


More Definitions of IDR Holder

IDR Holder and “IDR Holders” have the meaning given such terms in the Recitals.
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Related to IDR Holder

  • FTR Holder means the PJM Member that has acquired and possesses an FTR.

  • Senior Holder means, (i) the Note Holders of Series A until the Secured Obligations in respect of Series A Equipment Notes have been paid in full, (ii) after the Secured Obligations in respect of Series A Equipment Notes have been paid in full, the Note Holders of Series B until the Secured Obligations in respect of Series B Equipment Notes have been paid in full and (iii) after the Secured Obligations in respect of Series B Equipment Notes have been paid in full, the Note Holders of Series C until the Secured Obligations in respect of Series C Equipment Notes have been paid in full.

  • Major Holder means with respect to any registration the Holder that, together with its Affiliates, includes the largest number of Registrable Securities in such registration.

  • Other Holder has the meaning specified in Section 2.2(b).

  • Eligible Holder means a Limited Partner whose (a) federal income tax status would not, in the determination of the General Partner, have the material adverse effect described in Section 4.9(a)(i) or (b) nationality, citizenship or other related status would not, in the determination of the General Partner, create a substantial risk of cancellation or forfeiture as described in Section 4.9(a)(ii).

  • Effective FTR Holder means:

  • Initial Holder has the meaning set forth in the preamble.

  • Initiating Holder has the meaning set forth in Section 2.01(a).

  • Series B Holder means a Record Holder of the Series B Preferred Units.

  • Designated Holder means the Holder of Note A-1.

  • Selling Holder means a Holder who is selling Registrable Securities pursuant to a Registration Statement.

  • Electing Holder means any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(a)(i) or 3(a)(ii) hereof.

  • Qualifying Holder shall have the meaning ascribed thereto in Section 12 hereof.

  • Existing Holder means a Broker-Dealer, or any such other Person that may be permitted by the Trust, that is listed as the holder of record of APS in the Share Books.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Holder or Unit Holder means the investor for the time being entered in the Register as owner of a Unit including investors jointly so registered pursuant to the provisions of the Trust Deed.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Participating Holder means any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 2(b) hereof.

  • Ticket Holder means any individual possessing, holding or using a Ticket, including (without limitation) the Ticket Purchaser or any person to whom the Ticket was issued or transferred;

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Octopus Holder means a user of an Octopus who may be an AAVS Account Holder or who has linked his/her Octopus to an AAVS Account in the name of one of his/her family members or friends;

  • Preferred Holder means, with respect to a series of Preferred Units, a Record Holder of such series of Preferred Units.

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.