Sold Unit definition

Sold Unit means any Unit which is subject to a Sales Agreement.
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Sold Unit means a Unit that is subject to an Approved Contract.
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Sold Unit means a Licensed Product, that has been sold by Licensee or any of its sublicensees as permitted under this Sublicense and the sales price from such sale has been received or collected by the Licensee and as a result, is included in the determination of royalty payments due and owing to LICENSOR pursuant to the terms of this Agreement.
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Examples of Sold Unit in a sentence

  • The royalties provided for in this Section 5.2 shall be payable with respect to each Sold Unit by SUBLICENSEE sold within the Territory and with respect to each Manufactured Unit produced by a further sublicensee or franchisee of the SUBLICENSEE within the Territory.

  • The royalties provided for in this Section 5.2 shall be payable with respect to each Sold Unit by LICENSEE sold within the Territory and with respect to each Manufactured Unit produced by a sublicensee or franchisee of the LICENSEE within the Territory.

  • The Servicer shall maintain its computer systems relating to the Sold Units so that, from and after the time of the allocation of Sold Units to the 1999-1A SUBI Portfolio, the Servicer's master computer records (including any backup archives) that refer to a Sold Unit shall indicate clearly the interest of the Issuer therein allocated at the UTI Trustee's direction by the Origination Trustee to the 1999-1A SUBI Portfolio.

  • If requested by the Agent in its sole discretion, the Agent shall have received a copy of the Approved Contract for each Borrowing Base Asset that is identified by the Obligors as a Sold Unit.

  • Speculative Units means any residential unit that is not a Sold Unit or a Model Unit.

  • On each Date of Increase, Base Rent Per Sold Unit shall be determined by multiplying the Base Rent per Unit in effect immediately prior to the Date of Increase by the CPI Adjustment.

  • In the event there is no twenty-four (24) month history of sales from the Sold Unit, the parties will mutually agree on a reasonable sum to be credited against the remaining Dollar Targets.

  • Any person, firm, or corporation violating the provisions of these regulations or the terms of an approved site plan or subdivision plan, shall be subject to a civil penalty for each day that such a violation(s) is found to continue after the conviction date or after the date on which the violator receives written notice from the municipality that he is in violation, whichever is earlier.

  • If any Sold Unit shall cease to be a Sold Unit, Borrower shall promptly notify Lender accordingly.

  • For warranty purposes, any Speculative Unit which is sold by Seller and for which the closing occurs prior to the Closing Date shall be deemed a Sold Unit hereunder.


More Definitions of Sold Unit

Sold Unit means any Vehicle with respect to which a Borrower or Specified Borrower has executed a Sales Contract and/or an odometer statement.
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Sold Unit has the meaning given it in Section 1.1(d).
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Sold Unit means a Unit that is subject to a written contract for the sale of such Unit, made and entered into by and between a Borrower, or its duly authorized agent, and a bona fide third party purchaser, on a form approved by Agent, and (i) the consideration for such sale consists solely of cash, (ii) the purchaser has deposited xxxxxxx money thereunder in an amount not less than (a) 5% of such sale price with respect to conventionally financed Units or (b) the minimum required percentage of the sale price under applicable programs of the Federal Housing Administration and/or the Department of Veterans Affairs, (iii) the purchaser thereunder has been pre-qualified by such Borrower, or its duly authorized agent, for a mortgage loan on the basis of generally accepted ratios of income to anticipated debt service on the proposed mortgage loan for such Unit, and (iv) such contract contains no contingencies other than those pertaining to the condition of title or otherwise permitted in writing by Agent.
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Sold Unit means a Unit with respect to which Borrower and a purchaser, other than Borrower or any relative or Affiliate of Borrower, have executed a bona fide, valid and enforceable Sales Agreement under which there is a cash xxxxxxx xxxey deposit by the purchaser; provided, however, that if for any reason such a Sales Agreement fails to close in accordance with its terms or is terminated, the Unit shall no longer be a Sold Unit and shall become a Speculative Unit for purposes hereof; and provided further that Administrative Agent's approval of a purchaser in one transaction shall not constitute Administrative Agent's approval of that purchaser or any other purchaser having comparable credit and ability relative to other transactions.
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Sold Unit means a single-family dwelling unit (whether detached or attached) owned by a Restricted Company, including the land on which such dwelling is located, where construction has commenced and that is subject to a written purchase agreement executed in the ordinary course of Borrower’s or such Restricted Subsidiary’s business (in a form customarily employed by Borrower or such Restricted Subsidiary) and with a person who is not an Affiliate of a Restricted Company, together with an exxxxxx money deposit, and such purchase agreement has not been terminated or entered into more than (x) twenty-four (24) months prior to the date of determination with respect to single-family attached dwelling units or (y) eighteen (18) months prior to the date of determination with respect to single-family detached dwelling units. The purchase agreement may contain customary contingencies to the purchaser’s obligation to purchase, including, without limitation, a condition to purchase or close subject to purchaser’s financing of the unit or purchaser’s sale of other property owned by the purchaser.
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Related to Sold Unit

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Free Share means, in respect of a Fund, each C share of the Fund, other than a Commission Share (including, without limitation, any C share issued in connection with the reinvestment of dividends or capital gains).

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

  • Target Share means any share of the Common Stock, par value $.01 per share, of the Target.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Rental Unit means a structure or part of a structure used as a home, residence, or sleeping unit by a single person or household unit, or any grounds, or other facilities or area promised for the use of a residential tenant and includes, but without limitation, apartment units, boarding houses, rooming houses, mobile home spaces, and single and 2-family dwellings.

  • LLC Unit means a common limited liability interest in the Company.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • target unit means a facility or group of facilities to which an underlying agreement applies; “tCO2 equivalent” means tonnes of carbon dioxide equivalent;

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Allocated Share for any month means that percentage of CMISC Reimbursable Out-of-Pocket Expenses which would be allocated to a Fund for such month in accordance with the methodology described below under the heading “Methodology of Allocating CMISC Reimbursable Out-of-Pocket Expenses.”

  • VWAP Purchase Share Estimate means the number of shares of Common Stock that the Company has in its sole discretion irrevocably instructed its Transfer Agent to issue to the Buyer via the Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program in connection with a VWAP Purchase Notice pursuant to Section 1(c) hereof and issued to the Buyer’s or its designee’s balance account with DTC through its Deposit Withdrawal At Custodian (DWAC) system on the VWAP Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Seller’s Share of any amount means the greater of: (a) $0 and (b) such amount minus the product of (i) such amount multiplied by (ii) the Purchased Interest.

  • Opening Average Share Value means the average, over the trading days in the Opening Average Period, of the closing price of a company’s stock multiplied by the Accumulated Shares for each trading day during the Opening Average Period.

  • Alternate Adjusted Regular Purchase Share Limit means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, the maximum number of Purchase Shares which, taking into account the applicable per share Purchase Price therefor calculated in accordance with this Agreement, would enable the Company to deliver to the Investor, on the applicable Purchase Date for such Regular Purchase, a Regular Purchase Notice for a Purchase Amount equal to, or as closely approximating without exceeding, One Hundred Fifty Thousand Dollars ($150,000).

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Per Unit Purchase Price equals $0.8670, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur between the date of this Agreement and the applicable Closing Date.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date.

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;