Ordinary Unit definition

Ordinary Unit means a Unit that has the rights, powers, obligations, liabilities and restrictions attaching to an Ordinary Unit under this Deed and, while the Unit Holders Deed is in force, the Unit Holders Deed.
Sample 1Sample 2Sample 3
Ordinary Unit has the meaning given in the Trust Deed.
Sample 1Sample 2Sample 3
Ordinary Unit has the meaning given in the Trust Deed. Parties means collectively Aurizon Network, the Trustee, each Unit Holder and, subject to clause 4.3(b), each Access Seeker, and Party means any one of them.
Sample 1Sample 2Sample 3

Examples of Ordinary Unit in a sentence

  • B Aurizon Network proposes to subscribe for one Ordinary Unit in the Trust on establishment of the Trust.

  • The Trustee accepts Aurizon Network’s application (as ordinary subscriber), and will issue one Ordinary Unit to Aurizon Network in accordance with the Trust Deed and this Deed, subject to Aurizon Network (as ordinary subscriber) paying the full amount of the Application Price for the Ordinary Unit.

  • On the Commencement Date the Trustee must simultaneously issue the Ordinary Unit to Aurizon Network and all Preference Units to the Preference Subscribers, and apply the Initial Subscription Amount paid by each Preference Subscriber in paying up that Preference Subscriber’s Preference Units, by the same amount for each Preference Unit.

  • Upon such an election, each Class S Ordinary Unit shall be converted into one Common Unit of the Issuer.

  • Aurizon Network as Ordinary Unit Holder must be protected from any liability under the Trust’s financing or finance security throughout their respective lives and thereafter.

  • In connection with such conversion, each converted Class S Preferred Unit shall be cancelled and its Capital Account reduced to zero, and the Capital Account of such newly issued Class S Ordinary Unit shall be credited with an amount equal to the amount by which the Capital Accounts of the applicable Class S Preferred Units were reduced.

  • In order to safeguard Aurizon Network’s rights as Ordinary Unit Holder, the Trust was prohibited from creating a security interest over the Trust or its assets.


More Definitions of Ordinary Unit

Ordinary Unit has the meaning given in the Trust Deed. Ordinary Unit Holder means Aurizon Network on issue of an Ordinary Unit to it. Original Preference Units for a Preference Unit Holder means the number of Preference Units on issue to that Preference Unit Holder as at the date the Estimated Final Trust Costs Statement is given by the Trustee to the Preference Unit Holders under clause 8.1(a).
Sample 1
Ordinary Unit means a Unit which is not an A Class Unit or a B Class Unit;
Sample 1
Ordinary Unit has the meaning set forth in Section 6.
Sample 1
Ordinary Unit means a unit consisting of (a) one Share, (b) one Series 2024-A Ordinary Share Warrant to purchase one (1) Ordinary Share and (c) one Series 2024-C Ordinary Share Warrant to purchase one (1) Ordinary Share.
Sample 1

Related to Ordinary Unit

  • Ordinary Share means a Class A Ordinary Share or a Class B Ordinary Share;

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Treasury Unit means, following the substitution of Treasury Securities for Pledged Applicable Ownership Interests in Notes as Collateral to secure a Holder’s Obligations under the Purchase Contract, the collective rights and obligations of a Holder of a Treasury Units Certificate in respect of such Treasury Securities, subject to the Pledge thereof, and the related Purchase Contract.

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

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Ordinary Share Capital means any issued and outstanding shares of the Company with voting or other rights of management and control and any outstanding securities of the Company that are convertible into such shares at the option of the holder;

  • Common Share means one share of the common stock of the Company.

  • Class A Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles;

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • LLC Unit means a common limited liability interest in the Company.

  • Management Unit means an area established by the Commission for management purposes.

  • Extraordinary Common Stock Event means (i) the issue of additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivision of outstanding shares of Common Stock into a greater number of shares of the Common Stock, or (iii) combination of outstanding shares of the Common Stock into a smaller number of shares of the Common Stock.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

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

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Ordinary Shares shall have the meaning given in the Recitals hereto.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Ordinary Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares or ADSs, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares or ADSs.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Class A Share means a Class A ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.