Examples of Units or Unit in a sentence
In satisfaction of the foregoing requirement with respect to the grant, vesting, distribution or payment of the Units or Unit Shares, to the extent permitted by Section 409A of the Code, including Treas.
The Trust may also open any special offices and/or appoint agents or agency in one or more States in India for the purpose of issuance of any Units or Unit certificates and/or for the purpose of handling investor relations, including matters such as transfer, repurchase, redemption, reissue etc.
Any Transfer or attempted Transfer of any Units or Unit Equivalents in violation of this Agreement shall be null and void, no such Transfer shall be recorded on the Company’s books and the purported Transferee in any such Transfer shall not be treated (and the purported Transferor shall continue be treated) as the owner of such Units or Unit Equivalents for all purposes of this Agreement.
The uses of the Units in the Complex and conduct of Unit occupants must not jeopardize the health, safety or welfare of the other Units or Unit occupants, nor be incompatible with the use of Units as schools or for the operation of programs serving children and youth.
Until the consummation of a Qualified Public Offering, no Member or Warrant Holder (or any Permitted Transferee of such Member or Warrant Holder) may Transfer any Units or Unit Equivalents except as permitted pursuant to Section 10.02 or in accordance with the procedures described in Section 10.03 through Section 10.08, as applicable.
In addition, in the event that any redemption has resulted in any person owning such number of Units or Unit Equivalents that is in violation of the ownership limits, MEMX Holdings will be required to redeem those Units or Unit Equivalents pursuant to the limitation provisions.
The Subscriber further represents that he or she understands that the Subscriber may not dispose of or transfer the Units or the Unit Shares in any manner without first obtaining (i) an opinion of counsel reasonably satisfactory to the Issuer that the Subscriber may lawfully make the proposed disposition or transfer without the registration of such Units or Unit Shares under the Securities Act and applicable state securities laws, or (ii) such registrations.
Upon completion of the Offering, the Company will issue 15,000,000 Unit Shares, 7,500,000 Warrants and 900,000 Compensation Options (17,250,000 Unit Shares, 8,625,000 Warrants and 1,035,000 Compensation Options if the Over-Allotment Option is exercised in full for Over-Allotment Units) and therefore there will be an aggregate of 302,881,033 Common Shares issued and outstanding (305,131,033 Common Shares outstanding if the Over- Allotment Option is exercised in full for Units or Unit Shares).
It is further provided in the MEMX Holdings LLC Agreement that any Units or Unit Equivalents that have been called for redemption may not be deemed outstanding Units or Unit Equivalents if a sum sufficient to redeem the Units or Unit Equivalents has been irrevocably deposited or set aside to pay the redemption price.
The number of Units or Unit Equivalents to be redeemed is to be calculated after taking into account that the redeemed Units or Unit Equivalents will become treasury shares and will no longer be deemed to be outstanding.