Ordinary Units definition
Examples of Ordinary Units in a sentence
The Joday Group’s interest in Topicus Coop comprises 39,331,284 Topicus Coop Ordinary Units resulting in an interest of 30.29% in Topicus Coop.
While Stapling applies, there must be a contemporaneous and corresponding issue of the same number of Attached Securities, or Options over unissued Attached Securities on the same terms as the Options, on the basis that Ordinary Units are to be Stapled to Attached Securities and Options over Ordinary Units are to be Stapled with options in respect of unissued Attached Securities.
Applicants who are issued Units under the Offer will be issued Ordinary Units.
Ordinary Units will have a beneficial interest in all the assets of the Fund and have the rights summarised in this PDS.
Class S Preferred Units may be converted into Class S Ordinary Units (including, if applicable, fractional Units) on a quarterly basis upon the election of a holder of Class S Preferred Units by written notice to the Partnership.