Examples of Residual Units in a sentence
The FCT shall not be entitled to issue further Residual Units after the Closing Date.
In connection with the determination of the amount of distributions of Remaining Distributable Cash Flow with respect to the Residual Units in accordance with Section 3.5, Company shall record in its books and records and track the Additional Preferred Return Account.
Company shall distribute Remaining Distributable Cash Flow with respect to Residual Units as provided in this Section 3.5. “Remaining Distributable Cash Flow” with respect to any Fiscal Quarter or any Capital Event means the amount of Distributable Cash Flow for such Fiscal Quarter or Capital Event, less the amounts distributed pursuant to Section 3.4 with respect to such Fiscal Quarter or such Capital Event.
Subject to the terms of the Equity Commitment Agreement, the Backstop Parties shall purchase all, if any, Rights Offering Residual Units.
Accordingly, the Backstop Parties shall pay to the Rights Offering Agent, by wire transfer in immediately available funds on or before the Effective Date, Cash in an amount equal to the Subscription Purchase Price multiplied by the number of units of Rights Offering Residual Units.