Consideration for Units. No Units shall be issued other than as fully paid and non-assessable. A Unit shall not be fully paid until the consideration therefore has been received in full by or on behalf of the Partnership. The consideration for any Unit shall be paid in money or in property or in past services that are not less in value than the fair equivalent of the money that the Partnership would have received if the Unit had been issued for money. In determining whether property or past services are the fair equivalent of consideration paid in money, the Partnership GP may take into account reasonable charges and expenses of organization and reorganization and payments for property and past services reasonably expected to benefit the Partnership.
Consideration for Units. Subject to the last two sentences of this section 6.3, a Unit shall not be fully paid until the consideration therefor has been received in full by or on behalf of the Trust. The consideration for any Unit shall be paid in money or in property or in past services that are not less in value than the fair equivalent of the money that the Trust would have received if the Unit had been issued for money. In determining whether property or past services are the fair equivalent of consideration paid in money, the Trustees may take into account reasonable charges and expenses of organization and reorganization and payments for property and past services reasonably expected to benefit the Trust. Units may be issued and sold on an instalment basis, in which event beneficial ownership of such Units may be represented by instalment receipts, but shall otherwise be non-assessable. When Units are issued and sold on an instalment basis, the Trust may take security over such Units as security for unpaid instalments, including, without limitation, a pledge as contemplated by an instalment receipt agreement.
Consideration for Units. (a) The total consideration to be paid to the Class A Member for the Class A Units and the cancellation of all warrants to purchase Class A Units shall be $3.0 million, payable as set forth in this Section 1.3(a). Each issued and outstanding Class A Unit of the Company (collectively, the "Class A Units") shall be exchanged for ------------- the right to receive, at the times and in the form described below:
Consideration for Units. (a) In consideration of, and concurrently with, the issuance of the Units to be purchased by the Purchasers, as set forth in Section 1.1(a), the Purchasers hereby agree to and will (i) deliver as part payment therefor $13,650,000 in U.S. dollars and (ii) cancel or otherwise forgive all amounts owing under the Promissory Note as the balance of the payment therefor, such consideration to be allocated between such Purchasers as set forth on schedule I hereto.
Consideration for Units. No Units shall be issued other than as fully paid and non-assessable. A Unit shall not be fully paid until the consideration therefor has been received in full by or on behalf of the Fund. The consideration for any Unit shall be paid in money or in property that is not less in value than the fair equivalent of the money that the Fund would have received if the Unit had been issued for money. In determining whether property is the fair equivalent of consideration paid in money, the General Partner may take into account reasonable charges and expenses of organization and reorganization and payments for property and past services reasonably expected to benefit the Fund. For greater certainty, Units issued in connection with the Reorganization shall be fully paid for purposes of this Section 8.2.
