Investor Unit means any Units issued to Recipient (or Recipient’s Affiliates) by the Company in exchange for cash or other assets (but not services) contributed by Recipient (or Recipient’s Affiliates) to the Company. Investor Units shall not include any Restricted Units.
Investor Unit means a Unit that is not a Class M Unit or a Class R Unit and is either a Class A, a Class F, a Class I unit or a New Class of Unit.
Investor Unit shall represent an interest in the Company entitling the owner of the Investor Unit if admitted as a Member to the respective voting and other rights afforded to a Member holding an Investor Unit, and affording to such Member a share in Net Income, Net Loss and Distributions as provided for in this Agreement.
Examples of Investor Unit in a sentence
Upon the transfer of an Investor Unit in violation of this Agreement or the occurrence of a Dissolution Event as to such Member which does not result in the dissolution of the Company, the Membership Interest of a Member shall be converted into an Economic Interest or purchased by the Company as provided herein.
Members who own Investor Units shall be entitled to cast one vote for each Investor Unit they own.
The purchase price of each Investor Unit shall be paid in full, in cash, at the time of execution of the Subscription Agreement.
Unless otherwise provided herein or under applicable law, each Member will be entitled to cast the number of votes represented by the Voting Power of each Investor Unit or Common Unit it, he or she holds as specified on Exhibit A hereto.
Each Investor Unit II of OSH LLC issued and outstanding immediately prior to the Effective Time shall be cancelled as of the Effective Time and be converted at the Effective Time into a right to receive the number of shares of Common Stock of OSH Inc.
More Definitions of Investor Unit
Investor Unit or “Investor Units” means any Unit of the Fund held by the Manager or an Investor who invested capital into the Fund.
Investor Unit means a REIT Unit or an Exchangeable LP Unit that is not a Class M REIT Unit or a Special Voting Unit and is either a Class A REIT Unit, Class F REIT Unit, Class I REIT Unit, a New Class of REIT Unit, a Class B LP Unit, a Class C LP Unit or a new class of Exchangeable LP Unit.
Investor Unit means a portion of the collective ownership interest of the Investor Members in the Company derived by a fraction, the numerator of which is $100,000.00 and the denominator of which is the total Capital Contributions by all Investor Members.
Investor Unit shall represent an interest in the Company entitling the owner of the Investor Unit if admitted as a Member to the respective voting and other rights afforded to a Member holding an Investor Unit, and affording to such Member a share in Net Income, Net Loss and Distributions as provided for in this Agreement. “Lender” or “Lenders” means any or all (as applicable) of Fleet National Bank, Agent and Fleet Real Estate, Inc., d/b/a Trisail Funds, Agent, and either of their successors and assigns. “Liquidation” means in respect to the Company the earlier of the date upon which the Company is terminated under Section 708(b)(1) of the Code or the date upon which the Company ceases to be a going concern (even though it may exist for purposes of winding up its affairs, paying its debts and distributing any remaining balance to its Members), and in respect to a Member where the Company is not in Liquidation means the date upon which occurs the termination of the Member’s entire interest in the Company by means of a distribution or the making of the last of a series of Distributions (whether or not made in more than one year) to the Member by the Company. “Loans” means those loans to Congress Center, LLC and certain other tenants-in-common in the principal amounts of $90,000,000 and $15,000,000 from the Lender(s). “Loan Documents” means the joinder agreement between the Company and the Lenders, the ownership interests pledge and security agreements, the guaranty agreements and any and all documents related thereto. “Management Agreement” shall refer to the Management Agreement between the Property Manager, as property manager, and the tenants-in-common, with respect to the management and operation of the Property. “Manager” means the persons designated as managers of the Company from time to time. The initial manager of the Company is Triple Net Properties, LLC, a Virginia limited liability company. A Manager is hereby designated as a “manager” of the Company within the meaning of Section 18-101(10) of the Act. “Member” shall mean any holder of an Investor Unit who is admitted to the Company as a Member, in such Person’s capacity as a member of the Company. “Member Minimum Gain” shall mean “partner nonrecourse debt minimum gain” as determined under Treasury Regulations Section 1.704-2(i)(3).
Investor Unit means a Unit in the Company having the rights and obligations specified with respect to the Investor Units in this Agreement.
Investor Unit means an interest in the Company issued pursuant to Section 3.1 hereof as an Investor Unit which has the rights to vote, to receive distributions and allocations, and other rights which are specified in this Agreement.
Investor Unit means any one of that class of Units of the Fund formally known as the "The People's Avenger Fund Business Trust Investor Units."