SNAP Units definition

SNAP Units means the units representing limited liability company ---------- interests under the SNAP LLC Agreement.
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Examples of SNAP Units in a sentence

  • There are no declared or accrued unpaid distributions with respect to any SNAP Units.

  • All outstanding SNAP Units are duly authorized, validly issued, fully paid and non-assessable and are not subject to any preemptive rights except as set forth in the SNAP LLC Agreement and have been issued in compliance with federal and state securities laws.

  • At the Effective Time, after giving effect to the transactions contemplated by the Xenon 2 Merger Agreement and this Agreement, Xenon 2 will own all of the outstanding SNAP Units, other than SNAP Units issued pursuant to the exercise of SNAP Options, free and clear of all Liens.

  • These units, designated as SNAP Units, shall be less restrictive than inpatient treatment units.

  • Assuming the consummation of the transactions contemplated by the Xenon 2 Merger Agreement in accordance with the terms and conditions thereof, at the Closing, Xenon 2 will acquire good title to all of the SNAP Units.

  • At the Effective Time, after giving effect to the transactions contemplated by this Agreement, Xenon 2 will own all of the outstanding SNAP Units other than SNAP Units owned by NBC and its Subsidiaries or SNAP Units issued pursuant to the exercise of SNAP Options free and clear of all Liens.

  • The execution, --------------------------------------- delivery and performance by SNAP of this Agreement, the consummation by SNAP of the transactions contemplated hereby and the transfer of the SNAP Units pursuant hereto have been duly authorized by all necessary action on the part of SNAP and constitutes a valid and legally binding obligation of SNAP, enforceable against it in accordance with its terms.

  • NBC or its Subsidiaries have, and at the Closing, Xenon 2 will acquire, good title to all of the SNAP Units held by NBC and its Subsidiaries, free and clear of all Liens (other than Liens created, imposed or granted by Xenon 2 and as set forth in the SNAP LLC Agreement).

  • The purpose of this policy and administrative procedure is to establish Special Needs Acclimation Program (SNAP) Units throughout the Department of Correction.

  • The purpose of SNAP Units is to manage incarcerated individuals with special needs that do not rise to the level of inpatient care and to manage incarcerated individuals with special needs in a supportive environment in order for them to remain in general population and participate in treatment programming.

Related to SNAP 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.

  • 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.

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

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

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

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Common Units is defined in the Partnership Agreement.

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

  • LLC Units has the meaning set forth in the LLC Agreement.

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

  • 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.

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

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

  • 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.

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

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

  • 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.

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

  • 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).

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

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