Unit Sale definition
Examples of Unit Sale in a sentence
The Unit Sale Notice shall specify the number of Units to be sold, any limit on the price at which such Units may be sold, and any other information the Limited Partner desires to include in such notice.
Net Income and Net Loss for each Fiscal Year attributable to allocations from the Fund with respect to Units held by the Partnership, and Net Income and Net Loss generated by the Partnership from the sale or other disposition of Units held by the Partnership and not made at the direction of a Unit Selling Limited Partner pursuant to a Unit Sale Notice for each Fiscal Year shall be apportioned to the Investor Groups in accordance with their respective Investor Group Unit Sharing Ratios.
The proceeds received by the Partnership from the sale of Units made pursuant to a Unit Sale Notice, reduced by all expenses of the Partnership relating to such sale, will be deemed to be Available Cash and will be distributed by the Partnership to the Unit Selling Partner pursuant to Section 5.3(b).
In connection with any Company Unit Sale, each Member covenants and agrees that any agreement that such Member enters into with respect to such Company Unit Sale shall allocate the aggregate purchase price paid to all Members for their Units among each Member based on the amount that each Member would receive if the aggregate economic consideration payable in such Company Unit Sale were distributed pursuant to this Section 5.3 as if a Deemed Liquidation Event.
Upon request by the Majority Selling Group, the Members will consent to and raise no objections to the proposed transaction, and will take all other actions reasonably necessary or desirable to cause the consummation of such Company Unit Sale on the terms proposed by the Majority Selling Group.
If the Work Request results in a change in the then Unit Sale Price as agreed by both parties, once the change has been implemented, all subsequent invoices issued by KMC will reflect the amended Unit Sale Price.
In the event the cost of raw materials is decreased based on action initiated by LipoScience, the then Unit Sale Price shall be decreased by KMC by an amount equal to [***] of the reduction in the cost of raw materials plus applicable overhead.
KMC shall invoice LipoScience for the Instruments manufactured hereunder upon successfully completing the ATP, at the then Unit Sale Price.
With the exception of such quantity, Unit Sale Price and completion schedule, all other terms and conditions of any Purchase Order shall be void and of no force or effect.
Upon request by LipoScience, KMC shall within [***] days thereafter obtain vendor quotes for the applicable quantity of Instruments and provide to LipoScience the Unit Sale Price for that number of units.