Examples of Common Unit Holders in a sentence
The Common Unit Holders, as beneficial owners of the Trust, will be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.
The Company shall be dissolved, and its affairs shall be wound up, upon the expiration of its term as provided in Section 2.6. Upon such dissolution or liquidation, any assets remaining after payment of the Company’s debts and satisfaction of the requirements imposed under Section 6.4 and Section 7.4 shall be distributed to the Common Unit Holders on a pro rata basis based on each such holder’s percentage interest ownership of the total Common Units.
The Company shall have performed in all respects its obligations under Section 6.5, and, as of the Merger Effective Time, the Common Unit Holders shall no longer be limited partners of the Operating Partnership.
Except as otherwise set forth herein, the Partnership Unit Holders shall vote together as a single class and group of Limited Partners of the Partnership on all matters on which they are entitled to vote under this Agreement, under the Act, or otherwise, provided, for the avoidance of doubt, that the Class E Common Unit Holders shall not have any voting rights under this Agreement, under the Act or otherwise, except as expressly set forth in Section 14.9 or as required by law.
Except as set forth above in this Section 3, no other representations or warranties, express or implied, are made in this Agreement by the Common Unit Holders or the Option Holders to Omni Energy.
Except as otherwise set forth herein, the Partnership Unit Holders shall vote together as a single class and group of Limited Partners of the Partnership on all matters on which they are entitled to vote under this Agreement, under the Act, or otherwise, provided, for the avoidance of doubt, that the Class E Common Unit Holders shall not have any voting rights under this Agreement, under the Act or otherwise, except as expressly set forth in Section 15.9.
If the Company fails, for any reason, to pay any Mandatory Monthly Distribution(s) in a timely manner (“Overdue Mandatory Monthly Distributions”), the Company shall begin liquidating its Properties (which may or may not include its Real Properties) as quickly as commercially reasonable and shall pay the Common Unit Holders interest on any Overdue Mandatory Monthly Distributions at the rate of ten percent (10%) per annum.
The Common Unit Holders, representing all of the members of Omni ("Members") consent to : (a) the Exchange pursuant to this Agreement; (b) the transfer of each of the Common Unit Holder's interests to Omni Energy as set forth in Exhibit A; (c) the admission of Omni Energy as a substitute Member for each Common Unit Holder; and (d) the Amendment to Schedule A of the Operating Agreement as set forth in Exhibit B.
The Common Unit Holders, as beneficial owners of the Trust, are entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.
Subject to the terms and conditions stated herein, the Common Unit Holders hereby exchange with full title the 113,476 Common Units and the Option Holders hereby exchange with full title the 1,116 Common Unit Options, for which Omni Energy hereby exchanges 12,000,000 shares of Common Stock and 118,018 Common Stock Options (the "Exchange"), respectively.