Unit Portion definition
Examples of Unit Portion in a sentence
As of the close of business of the date prior to the date hereof, SXCP had 23,573,793 Common Units (not including the Common Unit Portion) and 15,709,697 Subordinated Units issued and outstanding.
SC&C is acquiring the Common Unit Portion of the Consideration solely for the account of SC&C, and the General Partner is acquiring the GP Interest Portion of the Consideration solely for the account of the General Partner, and in each case not with a view to, or for resale in connection with, a distribution of all or any part of the Common Units or the General Partner Interests.
Taxes due on the Pool Monthly Charge will be the sum of the applicable state and local taxes due on the individual Unit Portion Charges based upon the location of each unit of Pooled Equipment.
Except as set forth in this Article V, SXCP makes no other express or implied representation or warranty with respect to the Common Unit Portion or the GP Interest Portion of the Consideration or the transactions contemplated by this Agreement, and disclaims any other representations or warranties.
For the avoidance of doubt, no Company Optionholder holding a Company Option that is outstanding immediately prior to the Effective Time and has an exercise price per Unit that is equal to or greater than the Per Unit Portion of the Estimated Consideration shall be entitled to any payment with respect to such Vested Company Option before or after the Effective Time and all such Company Options shall be cancelled for no consideration at the Effective Time.
Subject to the terms and conditions set forth herein, each Owner shall have the right to receive the Equity Value for the Partnership Interests held by such Owner either (i) all in cash, (ii) all in exchangeable ownership units in BPLP ("Units"), or (iii) partly in cash and partly in Units; provided, however, that at least $50,000,000 (the "Required Unit Portion") of the aggregate Equity Value of the Partnership Interests shall be paid (whether to one or more Owners) in Units.
Note that any such adjustments (as well as any other Pool Plan pricing adjustments made pursuant to this Agreement) shall allow for specific adjustments to the Unit Portion Charge, Prints Included, and Excess Rate per Print of each unit of Pooled Equipment.
Notwithstanding anything to the contrary contained in Section 2.3(b) of the Contribution Agreement, the parties hereby acknowledge and agree that for purposes of each of the Mission Contribution and the Orange Contribution, respectively, the number of OP Units which the OP Unit Recipients for such Property shall receive on account of the OP Unit Portion of the Contribution Value for such Property shall be determined by dividing such OP Unit Portion by the Common Stock price of $33.00.
Notwithstanding anything to the contrary contained in Section 2.3(b) of the Contribution Agreement, the parties hereby acknowledge and agree that for purposes of the Contribution Transaction involving the Pomerado Property referenced in Section 2.1 hereof, the number of OP Units which the OP Unit Recipients for such Property shall receive on account of the OP Unit Portion of the Contribution Value for such Property shall be determined by dividing such OP Unit Portion by the Common Stock price of $33.00.
At the Closing, Transferee shall (1) issue to each of the OP Unit Recipients, OP Units equal in value (as determined in accordance with the last sentence of this Section 2.2) to the OP Unit Portion as identified in the OP Unit Notice and (2) pay to the OP Unit Recipients the Cash Portion less the sum of (y) the Deposit and (z) the "Credit Amount" (as hereinafter defined) (and subject to adjustment in accordance with Section 2.3 hereof) in cash by wire transfer of federal funds.