Notional Units definition

Notional Units means the Units in the Underlying Assets that shall notionally be purchased without taking into account the cancellation of Units in payment of the charges imposed by Clause
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Notional Units means the Units in the Underlying Assets that shall notionally be purchased without taking into account the cancellation of Units in payment of the charges imposed by Clause 6. The price of the Notional Units is set to be equal to the price of a Unit in the Underlying Asset. The Notional Units are used only for the purpose of calculating the value of your Plan. Offer Price means the price at which Metis buys Units of the Underlying Asset corresponding to your Asset Choices. It is the price used for investments or switches into Underlying Assets.
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Notional Units means notional units, which have an equivalent of one REIT Unit upon vesting. “NPR GP” means NPR GP Inc.
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Examples of Notional Units in a sentence

  • You can at any time request a valuation of these Notional Units, which will be based on the latest available Unit Price provided by the manager of the Underlying Fund or the Issuer of the Structured Products or the Dealers of the Commodity.

  • You can at any time request a valuation of these Notional Units, which will be based on the latest available Unit price provided by the respective Fund Managers / Issuers / Dealers.

  • The number of Restricted Shares that the Grantee shall be entitled to pursuant to the Notional Units shall be determined by the Committee in its sole good faith discretion.

  • These undergrounds serves as meeting places for likeminded people and market- place for illegal materials, products and services.

  • You can at any time request a valuation of these Notional Units, which will be based on the latest available Unit price provided by the manager of the Underlying Fund or the issuer of the Structured Products or the dealer of the Commodity.

  • No member of the Committee or the Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan, this Agreement, the Notional Units or the Restricted Shares.

  • Notwithstanding anything herein to the contrary, the Plan and this Agreement shall be administered, and the Notional Units and/or Restricted Shares shall be granted, only in such a manner as to conform to such laws, rules and regulations.

  • Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to require payment by the Grantee of any sums required by applicable law to be withheld with respect to the grant of the Notional Units or the grant or vesting of the Restricted Shares related thereto.

  • The Grantee acknowledges that the Notional Units and Restricted Shares are subject to amendment, modification and termination in certain events as provided in this Section 6 and Section 10.3 of the Plan.

  • On the Share Issuance Date, all Notional Units shall automatically and immediately be forfeited by the Grantee without any action by any other person or entity and for no other consideration whatsoever, and the Grantee and any beneficiary or personal representative thereof, as the case may be, will be entitled to no further payments or benefits with respect to the Notional Units.


More Definitions of Notional Units

Notional Units means the Units in the Assets that shall notionally be purchased with the Contributions received after deducting the Establishment Charge in accordance to Clause 7.1. The price of the Notional Units is set to be equal to the price of a Unit in the Asset. The Notional Units are used only for the purpose of calculating the value of the Trust Plan.
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Notional Units means that number of phantom Common Units calculated, recorded and maintained on the Company’s books and records for the purpose of determining Class B Members’ respective Redemption Amounts after there has been a Conversion Event. When the Company consummates a Conversion Event with Genesis in which the Company receives directly from Genesis IDR Equivalents which are Conversion Common Units (“Direct Units”), the number of Notional Units to be recorded with respect to the Direct Units received in that Conversion Event shall be equal to the actual number of Direct Units so received. When the Company consummates a Conversion Event with Genesis or any other Person in which the Company receives IDR Equivalents other than Direct Units, the number of Notional Units to be recorded with respect to those IDR Equivalents shall be determined by (1) subtracting the value of any Direct Units received in that same Conversion Event (determined as under the provisions of the next paragraph as if the date of the Conversion Event is a Valuation Date) from that portion of the IDR Valuation immediately before such Conversion Event which is the same as the portion of the IDRs sold, converted, exchanged or otherwise disposed in that Conversion Event, and then (2) by dividing that resulting amount by the average closing price of Common Units on the American Stock Exchange (or other exchange upon which its Common Units are traded) for the five trading days immediately following the date of the relevant Conversion Event; provided that in calculating the number of Notional Units to be recorded with respect to the Company’s receipt of IDR Equivalents other than Direct Units, the IDR Valuation shall be computed based upon Forecasted IDRs being determined using the higher of (i) the actual “most recent quarterly Incentive Distribution,” or (ii) a pro forma “most recent quarterly Incentive Distribution” that would result from assuming a Coverage Ratio for that quarter of 1.2 to 1. The value of Notional Units as of any Termination Date or other applicable Valuation Date shall be determined by multiplying the number of Notional Units by the average closing price of Common Units on the American Stock Exchange (or other exchange upon which its Common Units are traded) for the five trading days immediately following the Termination Date or other applicable Valuation Date.
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Related to Notional Units

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

  • 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.

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

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • 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.

  • 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.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Common Units is defined in the Partnership Agreement.

  • 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.

  • Class B Units means the Class B Units of the Company.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class B Interests As set forth in the Trust Agreement.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.