Principal Units definition

Principal Units means the number of Units (and any dividend equivalents related thereto) related to the undiscounted base portion of the award ( % of the total number of units awarded).
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Principal Units means a unit or units shown as a principal unit on a unit plan that is designed for use as a place of residence or business.
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Examples of Principal Units in a sentence

  • Each agency shall provide the Union with a list (including telephone number, fax number and mailing address) of its appointing authorities and Heads of Principal Units (or designees).

  • To ensure a fair process for recognition of excellent faculty, it is the policy of the university to allow faculty members to vote on the promotion or tenure of departmental colleagues, exercising collegial judgment based on criteria established for promotion and tenure by the Principal Units and consistent with the NMSU Rules on Faculty Evaluation, Promotion and Tenure.

  • In the event of your involuntary Termination with Cause, all Principal Units and Discount Units shall be immediately forfeited and canceled.

  • In the event of your voluntary Termination without Competitive Activity, you shall be entitled to receive (i) freely transferable shares of Common Stock for the Principal Units and (ii) freely transferable shares of Common Stock equal to % of the Discount Units multiplied by each full year of your employment with Holdings or a Subsidiary after , 200 and before your Termination.

  • In the event of your involuntary Termination without Cause, you shall be entitled to receive (i) freely transferable shares of Common Stock for the Principal Units and (ii) freely transferable shares of Common Stock equal to % of the Discount Units multiplied by each full year of your employment with Holdings or a Subsidiary after , 200 and before your Termination.

  • In the event of your voluntary Termination with Competitive Activity, (i) all Discount Units shall be forfeited and canceled, (ii) if such Termination occurs prior to , 200 , all Principal Units shall be forfeited and canceled and (iii) if such Termination occurs on or subsequent to , 200 , you shall be entitled to receive freely transferable shares of Common Stock for of the Principal Units ( % of the total award).

  • Subject to Paragraph 4, Units awarded to you hereunder shall become vested in accordance with the following vesting schedule: • of the Principal Units ( % of the total award) shall become vested on , 200 .

  • Notwithstanding the foregoing provisions of Paragraph 4(c)(i), (ii), (iii) and (iv), in the event of your Retirement and provided you do not engage in Competitive Activity or Detrimental Activity, you shall be entitled to receive freely transferable shares of Common Stock for all Principal Units and Discount Units as soon as practicable after the end of the sixth month following your Retirement.

  • FLORIDA ADVISORY COUNCIL ON SMALL AND MINORITY BUSINESS DEVELOPMENTQuestions and Answers:✓ Ms. Gonzalez asked Mr. Fortune if he could provide a summary of what is requested from the State Agencies and Universities in the Utilization Business Plans.

  • The proceeds from any such Exchange, net of all selling expenses (other than selling expenses borne by Apollo pursuant to the Shareholders Agreement), shall be distributed by ARC to the members of such selling ARC Principal’s Group in proportion to their Economic Interest in AOG Principal Units subject to such Exchange.

Related to Principal Units

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

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

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

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • 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.

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • Common Units is defined in the Partnership Agreement.

  • Original Class B-1 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-2 Principal Balance, the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-1 Fractional Interest is specified in Section 11.16.

  • Original Class B-3 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-4 Principal Balance, the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-3 Fractional Interest is specified in Section 11.18.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Original Class B-4 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-4 Fractional Interest is specified in Section 11.19.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

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

  • Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.