Fractional Unit definition

Fractional Unit means a physical unit used for overnight accommodation as part of a Fractional Interest.
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Fractional Unit means a Residential Unit for which multiple owners may each purchase a fractional share of ownership (also referred to as a timeshare unit by the California Department of Real Estate).
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Fractional Unit means a portion of, or less than the whole of, a Unit of Partnership Interest.
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Examples of Fractional Unit in a sentence

  • Subject to the terms of this Deed, each Unit in an Investment Portfolio other than a Fractional Unit shall be of equal value and shall confer an equal interest in the relevant Investment Portfolio.

  • A Fractional Unit shall confer a proportional interest in the relevant Investment Portfolio.

  • Fractional Unit Awards and Minimum ThresholdsTitle 5, section 55002.5(c) and (d), govern the awarding of fractional units of credit.

  • Fractional Unit: a Unit designated upon issue as a Fractional Unit.

  • A Fractional Unit shall confer a proportional interest in the relevant Fund but shall not confer any voting rights on the holder.


More Definitions of Fractional Unit

Fractional Unit means a portion of, or less than the whole of, a Unit of Membership Interest.
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Fractional Unit means one fifth, two fifths, three fifths or four fifths of a Unit.
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Fractional Unit means that part of a Unit in respect of which there is contributed by or in respect of the Member for the Unit an amount which is less than the amount of the Unit Price at the time the Unit is issued;
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Fractional Unit means a fraction of a whole unit in any class of units issued by the contractual fund;
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Fractional Unit means a living unit governed by a recorded co-ownership agreement and located within the River View Vista Estates or Fairway Vista Estates at the Resort and within the Eagle Creek or Eagle Springs Neighborhoods at the Ridge.
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Fractional Unit means less than one Unit of Partnership Interest.
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Fractional Unit means the remainder of a whole unit that is obtained when calculating the number of affordable housing units based on the percent of affordable units required out of the total approved number of units. Payment of a fractional unit of in lieu fee shall be made to the East Providence Waterfront District Commission Affordable Housing Fund and is subject to the rules and regulations provided herein only when in-lieu fees are sought for all or a portion of the required onsite affordable housing in Section 19-485 of the City of East Providence Revised Ordinances.
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