Units definition

Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

Units means, collectively, the Class A Units and the Class B Units.

Units means the units of the Company, each comprised of one Ordinary Share, one redeemable warrant, and one right to receive one-tenth (1/10) of an Ordinary Share.

Examples of Units in a sentence

• The Members initially shall contribute capital as described in Exhibit 1 as a condition of the issuance of the respective Units indicated in Exhibit 1.

• For all purposes hereunder, references to Exhibit 1 shall mean Exhibit 1 as may be modified from time to time to reflect changes in Members, Units and contributions.

• The proceeds of the liquidation shall be distributed in this order: (1) the expenses of liquidation; (2) debts and liabilities of the Company (including debts of the Company to the Members or affiliates); (3) a reserve for contingent or unforeseen liabilities or obligations to third parties (to be held in escrow by an agent chosen by the Liquidating Member); (4) to the Members in proportion to the Units owned by each Member relative to the total of all issued Units.

• For purposes of this Agreement, a “majority-in-interest” shall mean consent or approval of those Members holding a majority of the Units eligible to vote on the respective matter.

• The Units that have been issued are included in Exhibit 1, as may be amended from time to time.

More Definitions of Units

Units has the meaning set forth in the LLC Agreement.

Units has the meaning set forth in the Recitals.

Units is defined in the recitals to this Agreement.

Units means the units of each Member representing such Member’s interest in the income, gains, losses, deductions and expenses of the Company as set forth on Schedule A hereto, as amended from time to time in accordance with the terms of this Agreement.

Units is defined in the Recitals of this Agreement.

Units means the Class A Units and any other Class of Units authorized in accordance with this Agreement, which shall constitute interests in the Partnership as provided in this Agreement and under the Act, entitling the holders thereof to the relative rights, title and interests in the profits, losses, deductions and credits of the Partnership at any particular time as set forth in this Agreement, and any and all other benefits to which a holder thereof may be entitled as a Partner as provided in this Agreement, together with the obligations of such Partner to comply with all terms and provisions of this Agreement.

Units has the meaning provided in the Partnership Agreement.