Residual Units definition

Residual Units means Class B Units and/or Class C Units.

Residual Units means the Series M-R Units and the Series Z-R Units.

Residual Units has the meaning set forth in the Recitals of this Agreement.

Examples of Residual Units in a sentence

• The FCT shall not be entitled to issue further Residual Units after the Closing Date.

• Units represent, in respect of a Member, the Membership Interest of a Member in Company at any particular time, whether classified as Shortfall Return Units, Preferred Return Units, Common Return Units, Residual Units, Class A Preferred Units or Excess Units.

• Company shall distribute any Remaining Distributable Cash Flow with respect to Residual Units as provided in Section 3.1.

• 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.

• Any such unexercised Subscription Rights shall be treated as Rights Offering Residual Units and shall be acquired by the Backstop Parties.

More Definitions of Residual Units

Residual Units means, collectively, Earthbound I Class B Common Units, Earthbound I Class C Management Units, Earthbound I Class C-1 Management Units, and Bonus Points.

Residual Units are calculated by subtracting (i) the IPO Units and the General Partner Units from (ii) the Total Units Outstanding.

Residual Units has the meaning set forth in Section 2.3(d).

Residual Units mean the Class B Units and the Capital Incentive Units.

Residual Units means all Units other than (i) Primary Units and (ii) Restricted Units.

Residual Units means the residual units (parts résiduelles) issued by the FCT in accordance with the FCT Regulations.

Residual Units means the ten Units issued by the Trust to the Residual Unitholder pursuant to Section 3.1(b) of the Plan of Arrangement;