Required Units definition

Required Units means that number of Common Units (including Series A Conversion Units and Common Units that have been issued upon exchange or conversion of Special Voting Units or upon conversion of Non-Voting Common Units) as shall constitute ten percent (10%) or more of the aggregate number of Outstanding Common Units (including Series A Conversion Units and Common Units that have been issued upon exchange or conversion of Special Voting Units or upon conversion of Non-Voting Common Units) and Special Voting Units. For the avoidance of doubt, no Series A Preferred Units that have not been converted into Series A Conversion Units, Special Voting Units that have not been converted into or exchanged for Common Units or Non-Voting Common Units that have not been converted into Common Units shall be counted as Required Units.
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Required Units means that number of Common Units (including Series A Conversion Units and Common Units that have been issued upon exchange or conversion of Special Voting Units) as shall constitute ten percent (10%) or more of the aggregate number of Outstanding Common Units (including Series A Conversion Units and Common Units that have been issued upon exchange or conversion of Special Voting Units) and Special Voting Units. For the avoidance of doubt, neither Series A Preferred Units that have not been converted into Series A Conversion Units nor Special Voting Units that have not been converted into or exchanged for Common Units shall be counted as Required Units.
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Required Units means that number of Class D Common Units as is reasonably expected to be required to be converted into Common Units so that a holder thereof may, upon a prompt sale of such Common Units, realize sufficient net proceeds therefrom, on an after-tax basis, in an amount equal to the federal income tax resulting from the recognition of such built-in gain as a result of any actions by Regency or its Affiliates described in clause (i) or (ii) of the first sentence of this Section 5.17. Regency shall provide the Partners with prompt notice of each sale of interests in the Surviving Company or assets of the Surviving Company that is reasonably likely to accelerate any built-in gain in any such asset of the Surviving Company with respect to the Class D Common Units received by the Partners in the Merger, and such notice shall describe such sale in reasonable detail, but in no event shall the failure to provide such prompt notice be construed to affect any rights of Regency under this Agreement.
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Examples of Required Units in a sentence

  • State Required Units 24 *Required courses and/or Core Courses**Three (3) units of credit in JROTC may be used to satisfy this requirement.

  • Required Units for Large-lot Conversion shall be as of the date of acceptance of such Request for Conversion by the Trustee (therefore, it may vary from that of the date of such Request for Conversion by the Beneficiaries).

  • For the avoidance of doubt, if a Group of Limited Partners aggregates ownership of Common Units in order to meet the requirements under this Article XV, all Common Units held by each Limited Partner constituting its contribution to the Required Units must be held by that Limited Partner continuously for at least the applicable period set forth in Section 15.5(a), and evidence satisfactory to the Partnership of such continuous ownership shall be provided.

  • Upon Employee’s Date of Termination for any such unauthorized sale or transfer of any of the Required Units, the Company shall pay to Employee a lump cash payment equal to Employee’s Accrued Obligations shall be made to Employee on the sixtieth (60th) day following the Employee’s Date of Termination.

  • As a condition of Employee’s continued employment with the Company, Employee shall not sell or transfer any Required Units without the prior consent of the Committee.

  • Finally, significant foreign currency sales were made to maintain the stability of the Azerbaijani manat, which was kept flat at 1.7000 for 1 USD throughout the period.

  • Notwithstanding anything to the contrary set forth in this Section 4, Aviza shall have no right to reschedule, cancel or otherwise change Orders in a manner that would delay the complete delivery of the eight (8) Required Units under the JDA to a date more than thirty (30) months after the JDA’s Effective Date.

  • Company may terminate Employee at any time following Employee’s sale of transfer of any of Employee’s Required Units of CrossFirst Holdings, LLC, without the prior consent of the Committee.

  • Required Units for Small-lot Conversion shall be as of the date of acceptance of such Request for Conversion by the Trustee (therefore, it may be vary from that of the date of such Request for Conversion by the Beneficiaries).

  • Please contact the following for Required Units for Small-lot Conversion.

Related to Required Units

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Common Units is defined in the Partnership Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • 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.

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • Initial Common Units means the Common Units sold in the Initial Offering.

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

  • Class B Units means the Class B Units of the Company.

  • 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.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • 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.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

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

  • Series C Preferred Units shall have the meaning provided in Section 1.

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

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

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

  • OP Units means units of limited partnership interest in the Operating Partnership.

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

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

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