Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.
Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.
Common Units is defined in the Partnership Agreement.
LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.
Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."
LLC Units has the meaning set forth in the LLC Agreement.
Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.
Class B Units means the Class B Units of the Company.
Offered Units shall have the meaning set forth in Section 11.1 hereof.
Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.
General Partner Units has the meaning assigned to such term in the Partnership Agreement.
Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.
OP Units means units of limited partnership interest in the Operating Partnership.
Company Units has the meaning set forth in the Recitals.
Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.
Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.
Tendered Units shall have the meaning set forth in Section 8.6.A.
Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
Initial Common Units means the Common Units sold in the Initial Offering.
Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.
Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.
Subordinated Units has the meaning assigned to such term in the Partnership Agreement.
Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”
Class A LP Units means the Class A limited partnership units of the Partnership.
Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.
Class D Units has the meaning ascribed to such term in the LLC Agreement.