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Unit Equivalent definition

Unit Equivalent has the meaning set forth in Section 8.6.A hereof.
Unit Equivalent means, on any given date, a REIT Share, or REIT Shares, or any portion of a REIT Share, of any given Class having the same Value as the Net Asset Value of one Partnership Unit of the same Class on such date.
Unit Equivalent means any equity securities, warrants, rights, calls, options or other Securities or instruments exchangeable or exercisable for, or convertible into, directly or indirectly, Units or equity interests in the Company.

Examples of Unit Equivalent in a sentence

  • In that event, the Earned LTIP Unit Equivalent shall refer to the earned LTIP Units determined pursuant to clause (i) only.

  • In the event that any redemption or other action by the Company has resulted in any Member owning such number of Units or Unit Equivalents that is in violation of the provisions of Section 3.5, the Company shall have the right to and shall promptly after confirming such violation, redeem such Units or Unit Equivalents for a price per Unit or Unit Equivalent, as applicable, equal to Fair Market Value, and otherwise pursuant to the provisions of this Section 3.7(c) and subject to Section 3.8.

  • If the Earned LTIP Unit Equivalent is the same as the number of Award LTIP Units previously issued to the Employee, then there will be no change to the number of Award LTIP Units under this Award pursuant to this Section 3.

  • If the Total OPP Unit Equivalent is the same as the number of Award LTIP Units previously issued to the Advisor, then there will be no change to the number of Award LTIP Units under this Award.

  • Living Unit Equivalent of sewer usage, as established from time to time by City Ordinance.


More Definitions of Unit Equivalent

Unit Equivalent means any security or obligation that is by its terms, directly or indirectly, convertible into or exchangeable or exercisable for Units, and any option, warrant or other right to subscribe for, purchase or acquire Units, including Common Unit Equivalents and Preferred Unit Equivalents.
Unit Equivalent shall have the meaning set forth --------------- in Section 11(a)(ii). Any determination required to be made by the General Partner of the Partnership for purposes of applying the definitions contained in this Section 1 shall be made solely by the General Partner in its good faith judgment, which determination shall be binding on the Rights Agent and the holders of the Rights.
Unit Equivalent means (i) any warrant, option, subscription or purchase right with respect to a Unit, (ii) any Security convertible into, exchangeable for or otherwise entitling the holder thereof to acquire any Unit or (iii) any warrant, option, subscription or purchase right with respect to any Security described in the foregoing clause (ii).
Unit Equivalent shall have the meaning set forth in the Partnership Agreement.
Unit Equivalent means any securities convertible, exchangeable or exercisable for Units.
Unit Equivalent has the meaning set forth in Section 8.6.A hereof. “Unvested LTIP Unit” has the meaning set forth in Exhibit E attached hereto.
Unit Equivalent means any equity securities, warrants, grants, debt securities, rights, calls, options or instruments exchangeable or exercisable for, or convertible into, directly or indirectly, Units or equity interests in the Company.5