Substituted Unitholder definition

Substituted Unitholder means a Person that is admitted as a Unitholder to the Company pursuant to Section 9.1.

Substituted Unitholder means a Person that is admitted as a Unitholder to the LLC pursuant to SECTION 11.1.

Substituted Unitholder has the meaning set forth in Section 8.01.

Examples of Substituted Unitholder in a sentence

• Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Substituted Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest of such former Unitholder transferred to such Substituted Unitholder.

• A Substituted Unitholder that acquires Units from another Unitholder in an acquisition permitted by this Agreement shall be deemed to have made the Capital Contributions in respect of such Units that the predecessor Unitholder made or was deemed to have made.

• A Substituted Unitholder that acquires Units from another Unitholder in a Transfer permitted by this Agreement shall be deemed to have made the Capital Contributions in respect of such Units that the predecessor Unitholder made or was deemed to have made.

• The Owners of each Lot, Home or Unit shall be liable for an equal pro-rata share of the annual and special assessments levied by the Association for Common Expenses of the Association.

• With risk-neutral workers, one can deterministically show that the empirical evidence is only consistent with the economies where firms screen workers.

• Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Substituted Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest of such former Unitholder Transferred to such Substituted Unitholder.

• A Transferee permitted pursuant to this Section 8.1(b) who receives a Transfer of Units in accordance with this Agreement shall be referred to herein as a "Permitted Transferee" and shall be deemed a "Substituted Unitholder" under this Agreement.

• A Substituted Unitholder or an Additional Unitholder may be admitted to the Company only as permitted by Section 3.05 and ARTICLE 8.

More Definitions of Substituted Unitholder

Substituted Unitholder means a Person that is admitted as a Unitholder to the Company pursuant to Section 10.01.[***] Certain information in this document has been excluded pursuant to Regulation S-K, Item (601)(b)(10). Such excluded information is both (i) not material and (ii) the type that the Registrant treats as private or confidential.

Substituted Unitholder means a Person that is admitted as a Unitholder to the LLC pursuant to Section 11.1. “Tag-Along Escrow Amount” shall have the meaning set forth in Section 10.4(f). “Tag-Along Escrow Notice” shall have the meaning set forth in Section 10.4(f). “Tag-Along Notice” shall have the meaning set forth in Section 10.4(a). “Tag-Along Offer” shall have the meaning set forth in Section 10.4(a). “Tag-Along Pro Rata Percentage” means, with respect to any Unitholder, at the time a Tag-Along Notice is delivered by the Tag-Along Seller in accordance with Section 10.4.(a), the percentage obtained by dividing the number of Units owned by such Unitholder by the aggregate number of outstanding Units owned by all Unitholders at the time such Tag-Along Notice is delivered. “Tag-Along Response Notice” shall have the meaning set forth in Section 10.4(a).

Substituted Unitholder means a Person who is admitted as a Unitholder to the Company pursuant to Section 10.4 and who is shown as a Unitholder in the Unitholder Registry.