Unit Principal Balance definition

Unit Principal Balance. Except with respect to the "Voting" provision above, when the Unit Principal Balance is used with respect to the Class B Units, it shall be deemed to mean "Initial Notional Amortizing Balance".
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Unit Principal Balance. With respect to a Unit that is Outstanding, as determined at any time, the maximum amount that the Holder thereof is entitled to receive as distributions allocable to principal payments on the Underlying Securities.
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Examples of Unit Principal Balance in a sentence

  • The aggregate principal amount of Underlying Securities initially held by the Trust divided by the Initial Unit Principal Balance of the Class A Units.

  • Each Warrant issued hereunder represents a Call Option and a Call Right to purchase $1,000 of Unit Principal Balance of the Class A Units and the Initial Notional Amortizing Balance of the Class B Units corresponding to the Applicable Class B Equivalent Amount.

  • Each Warrant issued by the Trust represents a Call Option and Call Right to purchase $1,000 Unit Principal Balance of Class A Units and the Applicable Class B Equivalent Amount.

  • Upon such partial exchange, such Unit shall be canceled and a new Unit or Units for the remaining Unit Principal Balance thereof shall be issued (which, in the case of any Registered Unit, shall be in the name of the Holder of such exchanged Unit).

  • Upon surrender for registration of transfer of any Registered Unit at the office or agency of the Trustee, if the requirements of Section 8-401(1) of the Uniform Commercial Code are met to the Trustee's satisfaction, and subject to the transfer restrictions set forth in Section 5.11 hereof, the Trustee shall execute, authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Units of any authorized denominations, of a like aggregate Unit Principal Balance.

  • Each Warrant issued by the Trust represents a Call Option and Call Right to purchase $1,000 Unit Principal Balance of Class A Units and $1,000 Notional Amount of Class B Units.

  • The Class A Units will have a claim on the proceeds of the liquidation equal to their aggregate Unit Principal Balance plus accrued interest.

  • Each such Call Notice must specify exercise of either (i) all Warrants the notifying Warrantholder owns or (ii) Warrants sufficient to call at least $250,000 Unit Principal Balance of Class A Units and $250,000 Notional Amount of Class B Units.

  • Each Warrant issued hereunder represents a Call Option and a Call Right to purchase $1,000 of Unit Principal Balance of the Class A Units and $1,000 Notional Amount of the Class B Units as described in the Warrant Terms.

  • The exchange option may be exercised by the Holder of a Unit for less than the entire Unit Principal Balance of such Unit provided that the Unit Principal Balance or Notional Amount, as applicable, of such Unit remaining outstanding after redemption is an authorized denomination and all other exchange requirements set forth in the related Trust Agreement are satisfied.