Royalty Unitholders definition

Royalty Unitholders means the holders from time to time of one or more Royalty Units;
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Royalty Unitholders means the holders from time to time of the Royalty Units;
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Royalty Unitholders means the holders from time to time of one or more Royalty Units. “Trust Documents” means collectively, the Trust Indenture and the Trust Units.\
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Examples of Royalty Unitholders in a sentence

  • This agreement shall enure to the benefit of and shall be binding upon the Royalty Unitholders hereto and their respective successors and permitted assigns.

  • The Royalty Unitholders may assign, sell or dispose of all or an undivided interest in the Royalty provided that such assignment, sale or disposition is a disposition of an entire Royalty Unit.

  • Any unitization or pooling equalization payments for Tangibles shall be the sole and exclusive property of the Grantor free and clear of any right or entitlement of the Royalty Unitholders.

  • The Corporation covenants with the Trustee for the benefit of the Trustee and the Royalty Unitholders that the Corporation will pay on a pro rata basis to Royalty Unitholders (including the Trustee in its capacity as a Royalty Unitholder) the Cash Distributions.

  • The Grantor will forward to Royalty Unitholders, upon request, any information required for the purpose of claiming monthly installments of ARC.

  • On the dates in each year in which the Board of Directors of the Grantor elects to make Cash Distributions in accordance with subsection 1.01(j) of this indenture, the Grantor will furnish or cause to be furnished to the Trustee and to the Royalty Unitholders or Trust Unitholders of record, on the tenth business day immediately preceding each of such dates, payment to each Royalty Unitholder of his respective share of the Cash Distribution.

  • The Trustee shall be required to seek the direction of the Unitholders prior to voting such Royalty Units or Shares at any and all meetings of the Royalty Unitholders or Shareholders.

  • The Grantor shall pay the Cash Distributions on a pro rata basis to the Royalty Unitholders, the calculation of which shall be as set out in a statement which the Grantor shall deliver to the Trustee and the Unitholders in accordance with the provisions of Section 2.04.

  • As between the Grantor and the Royalty Unitholders, the Grantor shall make all operating decisions with respect to the Properties including, without limitation, the shutting-in and abandonment of wells and the election to convert any gross overriding royalty interests to working interests.

  • Notwithstanding anything herein to the contrary, the Grantor shall not be required to pay any income taxes accruing to the Trustee, the Fund or the Royalty Unitholders with respect to proceeds received pursuant to the Royalty.

Related to Royalty Unitholders

  • Unitholders means the holders of Units.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Unit Holders means all Unit Holders.

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • CVRs means the rights of Holders to receive contingent cash payments pursuant to the Merger Agreement and this Agreement.

  • 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.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Preferred Shareholders means the holders of Preferred Shares.

  • 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.

  • CVR means a contingent contractual right of Holders to receive CVR Payments pursuant to the Merger Agreement and this Agreement.

  • Carried Interest means an equity interest in the Partnership issued to a Person without consideration, in the form of cash or tangible property, in an amount proportionately equivalent to that received from the Participants.

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

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

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

  • Initial Shareholders means the Sponsor, the Directors and officers of the Company or their respective affiliates who hold shares prior to the IPO;

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

  • Profits and Losses means, for each Fiscal Year or other period, an amount equal to the Company's taxable income or loss for such year or period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(l) shall be included in taxable income or loss), with the following adjustments:

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Limited Partners means all such Persons.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Company Stockholders means the holders of shares of Company Capital Stock.

  • Net Shares means the number of shares of Common Stock which will be deposited in a brokerage account in the Grantee’s name at the Company’s designated broker after shares have been withheld to satisfy applicable tax and withholding requirements upon vesting of the Restricted Stock Units.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Unit Owners shall according to the context, mean all purchasers and/or intending purchasers of different Flats / apartments / Units in the Buildings and shall also include the Builder in respect of such Flats / apartments / Units which are retained and/or not alienated and/or not agreed to be alienated for the time being by the Vendors and/or the Builder.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.