Capital Unit definition

Capital Unit or “Unit” means Capital Units of the Company with the rights and privileges set forth in this Operating Agreement, including Class A Capital Units, and any other class of Capital Units as may be approved and adopted by the Board of Managers.

Capital Unit means a Capital Unit in the Trust referred to in clause 3.

Capital Unit means the Class A Capital Unit and the Class B Capital Unit.

Examples of Capital Unit in a sentence

• The NAV and the NAV per Capital Unit will be calculated once each week at the close of business.

• Increase/(Decrease) in Net Assets Attributable to Holders of Capital Units per Capital Unit The increase/(decrease) in net assets attributable to holders of Capital Units per Capital Unit is calculated by dividing the increase/(decrease) in net assets attributable to holders of Capital Units by the weighted average number of Capital Units outstanding during the year.

• Transfer of Units Each Residual Capital Unit and Residual Income Unit may be transferred in accordance with the Master Trust Deed.

• A holder retracting a Capital Unit alone on a monthly Valuation date (other than December) will receive a retraction price per Capital Unit equal to 95 percent of the lesser of (i) the Combined Value less the aggregate cost to purchase a Preferred Security in the market and $0.50; and (ii) the Capital Unit Market Price (as defined below).

• A holder of Capital Units who surrenders one Capital Unit and one Preferred Security under a Special Annual Retraction will receive an amount equal to the Combined Value.

More Definitions of Capital Unit

Capital Unit or “Unit”

Capital Unit means a potential interest in the Share Pool.

Capital Unit means the collective rights and obligations of MS plc, the Corporation and a Holder with respect to a Debenture in the principal amount of $1,000, a Guarantee and a Purchase Contract.

Capital Unit. Transfer System” 3

Capital Unit means a Portfolio Manager or Semi-Systematic Capital Unit;

Capital Unit means any Unit that would give the holder thereof a share of the proceeds if the Company’s assets were sold at fair market value (determined as of the date on which such Unit is received) and then the proceeds were distributed in a complete liquidation of the Company.

Capital Unit means an ownership interest in the Venture. The Capital Units held by each Venturer are set forth on Exhibit "A" attached hereto and fully incorporated herein as though set forth at this point verbatim.