Other Units definition
Examples of Other Units in a sentence
In addition, in no event shall more than 30% of the Units, the Other Units and the Pledged Units in the aggregate (as determined by mileage records and measured at the end of each calendar quarter for the 12 month period ending on the last day of the calendar quarter immediately preceding such calendar quarter) be used in Mexico.
The Units shall be used primarily on domestic routes in the United States, and in no event shall more than forty percent (40%) of the Units and the Other Units (as determined by mileage records and measured annually on a calendar year basis) be used outside the Contiguous United States at the same time.
Other Units shall rank junior to the Class A Preferred Units with respect to certain rights as more particularly described in this Agreement, including without limitation those described in Annex A.
The Class A Preferred Units shall, with respect to distribution and redemption rights and rights upon liquidation, dissolution or winding up of the Company, rank senior to the Other Units and Excess Units (other than Excess Units in respect of Class A Preferred Units) of the Company and to all other membership interests and equity securities issued by the Company (together with the Common Units and the Excess Units (other than Excess Units in respect of Class A Preferred Units), the “Junior Securities”).
To comply with the insurance obligations contained in the Eighth Schedule Subject to Clause 2(a) herein, in particular the Lessee making payment of the required Service Charge, the Lessor shall procure that the Manager shall, on behalf of the owners of the Units and subject to the like obligation of each of the owners of the Other Units, pay all rates, taxes, charges and outgoings whatsoever which now are or hereinafter may become payable in respect of the Estate and any part thereof.