Ordinary Units definition

Ordinary Units means all Units other than Special Units;

Ordinary Units means Partnership Units that are neither (a) LTIP Units or (b) Partnership Interests issued under Section 4.3 that are specifically designated by the General Partner as being of a specified class other than Ordinary Units.

Ordinary Units means the Units other than the Carry Units.

Examples of Ordinary Units in a sentence

• At any time that the outstanding fractional Class S Preferred Units or Class S Ordinary Units, calculated separately, associated with a holder of such Class S Units equal, in the aggregate, greater than a whole Class S Unit, then the Partnership shall combine such Class S Units to give the holder whole Class S Units and a fractional Class S Unit representing the remainder of the combined Class S Units.

• Class S Preferred Units may be converted into Class S Ordinary Units (including, if applicable, fractional Units) on a quarterly basis upon the election of a holder of Class S Preferred Units by written notice to the Partnership.

• Sub-Capital Accounts shall be established for each holder of Units other than Class A Units to reflect the allocations to the holder’s Capital Account for the FLP Unit Account, the Class S Ordinary Units, the Class S Preferred Units or the Preferred Series Unit Account, as appropriate.

• Holder desires to convert a portion of Holder’s Preferred Series A Subclass 1 Unit Accounts to Class S Ordinary Units and to contribute such Class S Ordinary Units to BCG in exchange for BCG Class B Common Units in accordance with the terms of the Agreement.

• Notwithstanding the foregoing, fractional Allocation Partnership Ordinary Units may be settled in cash as allowed by the Administrator.

More Definitions of Ordinary Units

Ordinary Units has the meaning set forth in the recitals.

Ordinary Units means each Ordinary Unit consisting of (a) one Ordinary Share and (b) a Warrant to purchase 0.5 Series D Warrant Share.

Ordinary Units means Ordinary Units of membership interests in IFH. “Other Members” shall mean the holders of Other Membership Units. “Other Membership Units” shall mean any units of membership interests in IFH other than the IFH Units being issued to the UMA Members. “Outstanding Options” shall mean any options granted under the Incentive Option Plan that are outstanding. “Person” shall mean any individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization, government or any agency or political subdivision thereof, or any other legal entity. “Private Placement Memorandum” shall have the meaning provided in Section 3.8. “Rebate Amount” shall have the meaning provided in Section 2.3. 2

Ordinary Units has the meaning set out in the recitals and for greater certainty means the ordinary membership interests (ledenrechten) in the Coop as such interest may be issued in accordance with the provisions of the Coop Articles, including any and all present and future rights related thereto, including but not limited to voting rights, rights in respect of profits, distributions from the Coop’s reserves or member accounts, liquidation or other forms of distributions, and which shall include, to the extent Ordinary Units are not held by Listco, the Upstream Put Right.

Ordinary Units means fully paid Units but does not include fully paid Series A Class Units, Series B Class Units or Series C Class Units.

Ordinary Units means Ordinary Units of membership interests in IFH.

Ordinary Units means the general and the limited partnership interests in the Borrower issued under the Partnership Agreement other than the Class B Units.