Unit Interest definition

Unit Interest has the meaning set forth in the Partnership Agreement;

Unit Interest means, individually or collectively as the context may require, the Unit 1 Interest and/or the Unit 2 Interest.

Unit Interest means the undivided percentage interest which a Party holds at any time in the Unit [or, as appropriate, in a sole risk project] as defined in Appendix A

Examples of Unit Interest in a sentence

• If PSP transfers less than all of its Shares and Units to a Person other than a Permitted Transferee, PSP shall retain full authority to exercise its surviving consent rights (for certainty provided that PSP or its Affiliate retains a Unit Interest of at least 25%), but appropriate provisions may be included in the applicable transfer agreement as to PSP consulting with the transferee prior to the exercise of such consent rights.

• The Trust Unit Interest Payment Election Notice shall direct the Debenture Trustee to solicit and accept only, and each Trust Unit Bid Request shall provide that the acceptance of any bid is conditional on the acceptance of, sufficient bids to result in aggregate proceeds from such issue and sale of Trust Units which, together with the cash payments by the Trust in lieu of fractional Trust Units, if any, equal the Interest Obligation on the Trust Unit Delivery Date.

• Subject to the following sentences of this Section 6.6, if a Shareholder or its Affiliate holding Units is transferring Units pursuant to the ROFO Provision, Tag Provision or Drag Provision, as applicable, or any other transfer other than to a Controlled Affiliate, the Shareholder must also transfer a number of Shares held by such Shareholder to the applicable Transferee such that the Share Interest held by the Transferee equals the Unit Interest held by the Transferee or its Affiliate.

• The parties acknowledge that for regulatory reasons, PSP has determined to hold a maximum Share Interest equal to 30% unless and until it holds 100% of the Shares, resulting in its Share Interest being lower than the Unit Interest held by PSP or its Affiliate until such time, and resulting in the Share Interest held by Pattern being higher than the Unit Interest held by Pattern or its Affiliate until such time.

• At any time where the Share Interest of PSP is lower than the Unit Interest of PSP or its Affiliate, “Excess Shares” means the number of Shares held by Pattern which if transferred by Pattern to PSP would equalize the Share Interest and Unit Interest of PSP and its Affiliate holding Units.

More Definitions of Unit Interest

Unit Interest means Vendor's entire interest in and to the Unit, including Vendor's interests attributable to the Petroleum and Natural Gas Rights therein;

Unit Interest means the Unit 3 Interest.

Unit Interest means an undivided subleasehold interest in the Premises as set forth in Exhibit C of the CC&R’s, which interest is associated with that certain Unit identified in the Preamble on page 1 hereof.

Unit Interest means an undivided one-two thousand four hundredth (1/2400th) interest in the Ranch.

Unit Interest means an ownership interest in a Unit, together with the undivided ownership interest in the common elements, easements and other rights appurtenant to such Unit, as more fully provided in the Condominium Documents to be approved by Lender.

Unit Interest means the interest of Vendor in and to the Units described in Schedule "B", if any;

Unit Interest. Unit Interest # (the "Unit Interest"), a one-thirteenth undivided interest in Unit #1003 Crescent Shores (the "Unit") as described in the Master Deed for Crescent Shores Horizontal Property Regime recorded in the Register of Deeds office for Horry County in Deed Book 3011 at page 816, and governed by the Declaration of Covenants, Conditions, Restrictions and Easements for Owner’s Quarters #0000 Xxxxxxxx Xxxxxx (the "Declaration"). The Unit Interest is subject to the Declaration, as defined below. Purchase Price: