Participation Units definition

Participation Units means the vested rights of a Beneficiary to:
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Participation Units has the meaning given that term in Section 9.03.
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Participation Units means the Participation Units as defined in the Bakkt Equity Incentive Plan, including any Phantom Unit (as defined in the Bakkt Equity Incentive Plan) as set forth in the Bakkt Opco LLC Agreement.
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Examples of Participation Units in a sentence

  • Custodian banks are prohibited from issuing new Participation Unit during the period of refusal of Redemption of Participation Units.

  • The Confirmation Letter of Participation Unit Transaction shall contain among others the number of subscribed and redeemed Participation Units, switched Investment and owned as well as the Net Asset Valueof each Participation Unit at the time of subscription and redemption of Participation Unit as well as Investment Switching.

  • An Open-end investment fund enable an investor to withdraw their Participation Unit at anytime on an Exchange Day by redeeming their Participation Units to the Investment Manager.

  • Particularly for the Participation Units Subscription and payment conducted electronically using electronic system provided by Investment Manager or Selling Agent of Investment Fund Securities appointed by the Investment Manager (if any), if the subscription and the payment conducted on the day that is not an exchange day, the Net Asset Value that will be used is the Net Asset Value on the following Exchange Day.

  • Custodian Bank shall issue the Confirmation Letter of Participation Unit Transaction that shows the number of Participation Units owned by the Participation Unit Holders and shall apply as ownership evidence of the Investment Fund.

  • The Investment Manager is required to send the instructions for redeeming the Participation Units to the Custodian Bank through Investment Management Integrated System within the deadline determined by the Investment Management System provider.

  • In the event the Investment Manager decides to distribute the investment return, the distribution will be made simultaneously to all Participation Unit Holders in the form of cash or can be converted as new Participation Units with proportionally value based on the holdings of Participation Unit of each Participation Unit Holder.

  • The acceptance or rejection of the investment Switching application shall heavily depend on the existence or inexistence of the Participation Units and the compliance of the minimum limit of subscription of the addressed Investment Fund.

  • A recent ADB study9 found that rural transport generally responds well to demand, that transport fees are usually competitive and fair, and that the standard of rural transport services quickly improves once road access is provided.

  • The Investment Manager is required to send the instructions for subscribing to the Participation Units to the Custodian Bank through Investment Management Integrated System within the deadline determined by the Investment Management System provider.


More Definitions of Participation Units

Participation Units means awards granted under the Plan giving a Participant the contractual right to participate in the appreciation in the value of the Company, if any, through the payment by Bakkt, upon the occurrence of a Participation Unit Payment Event, of a cash or stock payment to the Participant as determined in the sole discretion of the Administrator for each Participation Unit equal to the Per Participation Unit Value, subject to the terms and conditions of the Plan (it being understood and agreed that Participation Units are not Units and the holders thereof shall not be Members of the Company) provided, however, that, except where the context indicates otherwise, references herein to a “Participation Unit” held by a Participant shall be deemed to refer to both the Participation Units issued by the Company to Participants and any Phantom Units issued by the Company to Participants prior to the Amendment Date. Participation Units are intended to qualify as “stock rights” exempt from the application of Section 409A of the Code.
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Participation Units means the Participation Units of the Company.
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Participation Units has the meaning set forth in Section 10.05(c)(i).
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Participation Units means the Shares issued to the Share Trust in terms of the Ingenuity Employee Share
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Participation Units means the participation units issued by the Limited Partner to the public which confer a pro rata right to participate in the Limited Partner’s interests in NewMed;
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Related to Participation Units

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Notice has the meaning set forth in Section 4.2;

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Amount as defined in Section 3.4(b).

  • Participations shall have the meaning set forth in Section 13.1 hereof.

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Index and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 March 2018 is 200% (in any case, it will not be below 170%).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.