Unit Cap definition
Examples of Unit Cap in a sentence
The General Partner shall make such adjustments to the Common Unit Price and the Unit Cap as it determines to be equitable in view of any splits, combinations or distributions in the form of equity issuances or the payment of any alternative consideration to the holders of the Common Units in connection with the Change of Control.
Per Unit Cap on Residential PIL of Parkland Further to the exemptions above, a PIL of parkland that would be required for development within any of the following areas (as shown in the Official Plan Schedules), shall be capped at $11,000 per unit and that the Commissioner of Recreation and Parks may update the rates on an annual basis due to current market conditions.
The adjusted Common Unit Cap shall be the product obtained by multiplying (i) the Common Unit Cap in effect immediately prior to such Adjustment Event by (ii) a fraction, the numerator of which is the number of Common Units outstanding after giving effect to such Adjustment Event and the denominator of which is the number of Common Units outstanding immediately prior to such Adjustment Event.
Under the terms of the BEP, the United States Department of the Treasury will not permit IHCDA to pay claims in excess of the Unit Cap for the acquisition and demolition of any qualifying property.
Increase Total PBV Unit Cap (PBV)—The agency may project-base up to 30% of its authorized voucher units for the agency for project-based assistance.