Participating Units definition

Participating Units means, as of a particular date, Investor Units and Common Units that are eligible to participate in Distributions pursuant to Section 7.1 or would be eligible to participate if all Available Operating Cash and Available Transaction Cash at such date were distributed pursuant to Section 7.1 on such date.

Participating Units means the Sectional Title Units forming part of the Scheme and leased by the Lessee in terms of this Lease and similar lease agreements from time to time;

Participating Units means 100% of the units of equity of Newco.

Examples of Participating Units in a sentence

• Nothing contained herein shall provide any employee with any right to continued employment or in any way abridge the rights of the Company and its Participating Units to determine the terms and conditions of employment and whether to terminate employment of any employee.

• Participating Units and Capital with the Transfer of an Interest.

• If a Transferring Member receives a bona fide offer on terms such Transferring Member is willing to accept (an “Offer”), such Transferring Member will provide written notice (the “Transfer Notice”) to the Company and to the other Holders of Participating Units of the amount of the Offered Interest, the identity of the Third-Party Transferee, the price offered, and any other material terms and conditions of the Offer (the “Offered Terms”).

• Notwithstanding any other provision of the Plan, in the event of a Change in Control, neither the Board of Directors nor its designee may, during the five-year period commencing on the date on which the Change in Control occurs, designate any new Participating Units or designate any new groups of Employees as eligible to participate in the Plan.

• If a Matching Offer for all of the Offered Interest is not timely made, the Transferring Member will promptly notify the applicable Holders of Participating Units and will, subject to Section 9.2.2, Transfer the Offered Interest to the Third-Party Transferee on the Offered Terms within sixty (60) days following the termination of the first refusal time period specified above.

More Definitions of Participating Units

Participating Units means, as of any date for which an allocation or distribution is to be made to, or a sale is to be made of Participating Units (a "date of determination"), the sum of:

Participating Units means those departments or agencies whish adopted this agreement.

Participating Units means the proportion of unitholding that a Unitholder has elected to participate in the DRP in respect of

Participating Units with respect to a particular Tranche and any distribution in question, means (i) all Common Units attributable to such Tranche, (ii) all Vested Time-Based Profits Interest Units at such time attributable to such Tranche and (iii) all Vested IRR-Based Profits Interest Units at such time attributable to such Tranche.

Participating Units has the meaning given in Section 9.1(b).

Participating Units means the outstanding Company Units, other than the Company Common Units issuable upon conversion of the outstanding Company Series B Preferred Units; provided that, the Participating Units shall include the Company Common Units issuable upon conversion of the outstanding Company Series B Preferred Units if the Aggregate Series B Liquidation Preference is an amount less than the aggregate amount of consideration that would be payable with respect to the Company Series B Preferred Units if such Company Series B Preferred Units converted into Company Common Units in accordance with the Company LLCA immediately prior to the Blocker Mergers Effective Time, as determined by dividing (i) the sum of (A) Merger Consideration plus (B) $180,000,000, which is the aggregate value of all of the Surviving Company RCUs and Surviving Pubco Class A RSRs, if fully vested by (ii) the number of Fully Diluted Company Units, in each case, valuing any securities issued in consideration for the Aggregate Series B Liquidation Preference or the Merger Consideration at the HTP Stock Value.

Participating Units means the Common Units and the Preferred Units.