Unit Ledger definition

Unit Ledger has the meaning given in Section 3.5.
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Unit Ledger means the unit ledger as it may be amended from time to time by the terms of this Agreement.
Sample 1
Unit Ledger means the ledger of the Parties showing their respective names, addresses, and other information deemed appropriate by the Manager, maintained by the Company in its books and records. (mmm)“Unreturned Capital Contribution” means, at any point in time, with respectto any Member, the excess of the Capital Contribution of the Member contributed to date, less the amounts theretofore distributed to him, her, or it under Article 4, (including Tax Distributions and distributions thereunder by virtue of Section 12.2), without regard to any increase or decrease in the capital account of the Member due to allocation of profits or losses from the Company.
Sample 1

Examples of Unit Ledger in a sentence

  • The Board shall prepare, amend, and supplement a Unit Ledger without approval of the Members that states the Unitholders and the Class and number of Units held by each Unitholder, the Capital Contribution of the Unitholder, and those Unitholders who are Members of each Class.

  • In connection with any such Subsequent Contribution pursuant to this Section 1(b), the Company will update the Unit Ledger to the LLC Agreement to reflect such additional Capital Contribution.

  • The Unit Ledger shall be updated from time to time upon the issuance of new Units, changes in Unit ownership, and changes in capital accounts.

  • The Cooperative shall prepare, amend, and supplement a Unit Ledger that identifies the Members, the number of Units held by each Member, and the capital account of each Member.

  • Absent manifest error, the ownership interests recorded on the Unit Ledger shall be conclusive record of the Units that have been issued and are outstanding.

  • And assign Operating Unit, Ledger and Legal entity to the Inventory Org’s.

  • All amounts deferred in accordance with a Participant's election authorization shall be credited to such Participant's account under the Deferred Stock Unit Ledger, more fully described below.

  • On the Initial Valuation Date, the Company shall establish a Deferred Stock Unit Ledger which shall reflect the name of each Participant and credit to such Participant's account established thereunder (i) the amounts actually deferred from his or her Compensation in accordance with his or her election authorization and (ii) the number of his or her Deferred Stock Units.

  • The Participation Thresholds of each Unitholder's Class C Units shall be set forth in the Unit Ledger, and the Company shall update the Unit Ledger from time to time as necessary to reflect any adjustments to the Participation Thresholds of outstanding Class C Units required pursuant to this Section 3.5. In the event of any dispute as to the Participation Threshold of any Incentive Unit, the good faith determination of the Board shall control.

  • Upon acceptance of Capital Contributions under Section 3.3, the issuance of additional Units, or any change in Unitholders or Members, the Board shall cause the books and records of the Company and the Unit Ledger to be appropriately adjusted, including any changes to the percentages of allocations and Distributions to different Classes or Units.

Related to Unit Ledger

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Ledger means each of the Revenue Ledger, the Principal Ledger, the Reserve Ledger, the Payment Ledger, the Pre-Maturity Liquidity Ledger, the Intercompany Loan Ledger and the Capital Account Ledgers maintained by the Cash Manager in accordance with the terms of the Cash Management Agreement;

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Member Account means the regular account and the variable account.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Grant Account means the account opened by the Association on its books in the name of the Borrower to which the amount of the Grant is credited.”

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Capital Account Record Date and "Income Account Record Date" shall mean the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Separate Accounts means the accounts which are to be prepared for each

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.