Partnership Option definition

Partnership Option means an outstanding option, warrant or right to acquire Partnership Interests as of immediately prior to the Effective Time, other than pursuant to the Partnership Equity Plans.
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Partnership Option has the meaning set out in Section 4. (tt) “Partnership Option Closing” has the meaning set out in the Purchase Agreement. (uu) “Party” means any of the Holder and the Owner and “Parties” means the Holder and the Owner collectively. (vv) “Person” means any individual, sole proprietorship, partnership, firm, entity, unincorporated association, unincorporated syndicate, unincorporated organization, trust, body corporate, government authority and, where the context requires, any of the foregoing when they are acting as trustee, executor, administrator or other legal representative. (ww) “Pre-Approved Purchaser” means a Person that (i) operates, directly or indirectly a producing mining operation; (ii) has a direct and primary listing on a Designated Stock Exchange; (iii) has a head office located in one of Canada, the United States, the United Kingdom, the European Union, Switzerland, South Africa or Australia; and (iv) has a Credit Rating at the time of the potential purchase that is equal to or greater than the Owner’s Credit Rating on the date of the Purchase Agreement or, if a Person does not have a Credit Rating, a market capitalization that is equal to or greater than the Owner on the date of the Purchase Agreement. (xx) “Prime” means at any particular time, the rate of interest, expressed as a rate per annum, that the Bank of Nova Scotia establishes as its prime rate of interest with respect to short term loans to its most credit worthy customers. (yy) “Properties” means the properties set out on Schedule ”A”. (zz) “Purchase Agreement” has the meaning set out in the recitals to this Agreement. (aaa) “Released Properties” has the meaning set out in Section 15(b). (bbb) “Relinquishment Event” has the meaning set out in Section 15(b). (ccc) “Repurchase” has the meaning set out in Section 5(a). (ddd) “Repurchase Closing Date” has the meaning set out in Section 5(b).
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Partnership Option means the option award granted under the Partnership Equity Incentive Plan that entitle the holder thereof to purchase certain LP Interests upon the vesting of such award.
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Examples of Partnership Option in a sentence

  • Civil Partnership Option 1: Civil partnerships for opposite-sex and same-sex couplesCurrently only same-sex couples can have a civil partnership in Jersey.

  • This reflects the additional set-up costs of this policy option and the substantial additional running costs for partners, and the Commission, of the distributed, multi-agency implementation model.The Institutionalised Partnership (Option 3 - IP) has been scored (- -) on overall cost.

  • A CPP will have lower overall costs than each of the other types of European Partnership, as it will function with a smaller governance and implementation structure than will be required for a Co-Funded Partnership or an Institutionalised Partnership and – related to this – its calls will be operated through the existing HEU agencies and RDI infrastructure and systems.The Co-Funded Partnership (Option 2 – CFP) has been scored (- -) on overall cost.

  • Indeed, in terms of cost-efficiency, the Co-Programmed Partnership (Option 1) is 2 percentage points more efficient than the baseline; and an Article 187 Partnership is 2 percentage points less cost-efficient than the baseline.

  • The following findings are prepared for the purposes of determining the suitability of the Affordable Housing Partnership Option for the inclusionary obligations of the Yacht Harbor Oaks subdivision only.

  • Partnership Option AppraisalThe Partnership has carried out an options appraisal to support the selection and development of the Mercia Proposal as part of the Contract Variation.

  • Each outstanding option to purchase Common Units (each, a “ Partnership Option”) pursuant to any Partnership Plan (as defined in the Merger Agreement), whether or not vested, was automatically vested, cancelled and converted into the right to receive an amount in cash equal to the product of (i) the excess, if any, of the Merger Consideration over the applicable exercise price per Common Unit of such Partnership Option and (ii) the number of Common Units subject to such Partnership Option.

  • Essential Considerations in Appraising the Public-Private Partnership Option Additional Actions for PPP QuestionsConcept Note andProject Profile E.

  • The preferred option of those evaluated is for the Council to discharge its function of internal audit to Southern Internal Audit Partnership (Option c).

  • In the event that KORES fails to arrange debt finance or procures a debt finance proposal that is not acceptable to the Board of Frontier, Option A (the Equal Partnership Option) will lapse.


More Definitions of Partnership Option

Partnership Option means the right of the Vendor to acquire a 90% interest in the Partnership pursuant to a Memorandum of Understanding attached hereto as Schedule “B”; “Party” means a Person which is bound by this Agreement; “Person” means any individual, partnership, corporation, association, business, trust, government or political subdivision thereof, governmental agenct or other entity; “Purchaser” means Big Sky Energy Kazakhstan Ltd., an Alberta registered corporation having an office in the City of Calgary, in the Province of Alberta; “Regulations” means all statutes, laws, codes, treaties, ordinances, decrees, rules, orders and regulations in effect from time to time and made by governments or Governmental Entities having jurisdiction over the Vendor, the Purchaser, or the Partnership; “Tax Act” means the Income Tax Act (Canada), as amended from time to time; and “Vendor” means IbrizOil Inc., and Alberta registered corporation having an office in the City of Calgary, in the Province of Alberta.
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Partnership Option. As defined in Recital H to this Agreement.
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Related to Partnership Option

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • 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.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Unit Share means a Common Share comprising part of each Unit;

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.

  • Membership Units means membership interests in the Company.

  • Common Units is defined in the Partnership Agreement.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

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

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • 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.