Option Units definition

Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

Option Units means the Common Units subject to the Over-Allotment Option.

Option Units has the meaning set forth in Article III.

Examples of Option Units in a sentence

• The Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option.

• Upon exercise of the Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.

• Such Option Units shall be identical in all respects to the Firm Units.

• The right to purchase the Option Units, or any portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company.

• If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice.

More Definitions of Option Units

Option Units shall have the meaning ascribed to such term in Section 2.2(a).

Option Units has the meaning set forth in Section 2.6(a).

Option Units means Units issued under the Over-Allotment Option.

Option Units means, collectively, (i) all Preferred Units issued or issuable upon the exercise of an Option, which amount shall not exceed 479.74 Preferred Units in the aggregate, and (ii) any units or other interests of the Company issued with respect to the Preferred Units set forth in clause (i) by way of merger, consolidation, reclassification, unit split, reverse unit split, unit dividend or other recapitalization with respect to the Preferred Units. Option Units shall continue to be Option Units in the hands of any holder other than Executive (including, without limitation, any Permitted Transferee of the Executive), except for the Company, or any transferee in an underwritten public offering registered under the Securities Act. Except as otherwise provided herein, each other holder of Option Units will succeed to the rights and obligations attributable to the Executive as a holder of Option Units hereunder.

Option Units has the meaning given to it on the first page hereof;

Option Units means the Common Units subject to the Underwriters’ Option.

Option Units shall have the meaning given in the Recitals hereto.