Nature of Unit Sample Clauses

Nature of Unit. Except as otherwise provided herein, each issued and outstanding Unit shall be equal to each other Unit with respect to voting rights, the right to receive distributions from the Partnership and otherwise. No Unit shall have any preference or right in any circumstances over any other Unit. Each Unit carries the right to one (1) vote in respect of all matters to be decided by the Partners. Units have no preference, exchange, preemptive or redemption rights. Only registered holders of Units will be entitled to vote or receive distributions or otherwise to exercise or enjoy the rlghts of Partners.
Sample 1
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Nature of Unit. Except as otherwise provided herein, each issued and outstanding Unit shall be equal to each other Unit with respect to voting rights, the right to receive distributions from the Partnership and otherwise. No Unit shall have any preference or right in any circumstances over any other Unit. Each Unit carries the right to one (1) vote in respect of all matters to be decided by the Limited Partners. The General Partner shall not, as such, be entitled to vote at any meetings of Partners. Units have no preference, exchange, pre-emptive or -------------------------------------------------------------------------------- YORK REGION E-PROPERTY LIMITED PARTNERSHIP 12 redemption rights. Only registered holders of Units will be entitled to vote or receive distributions or otherwise to exercise or enjoy the rights of Limited Partners.
Sample 1

Related to Nature of Unit

  • NATURE OF OPTION The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options”.

  • Nature of Undertakings The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of the Borrower and each other member of the Group.

  • Nature of Agreement You understand and agree that this letter agreement is a severance agreement and does not constitute an admission of liability or wrongdoing on the part of the Company.

  • Nature of Services Executive shall diligently perform such duties and assume such responsibilities as shall from time to time be specified by the Company.

  • Nature of Award In accepting the award, Employee acknowledges that:

  • Nature of Services Provided The Provider has agreed to provide the following digital educational services described in Exhibit “A”.

  • Nature of the Award In accepting the Award, you acknowledge, understand and agree that:

  • Nature of Grant In accepting the grant, the Participant acknowledges, understands and agrees that:

  • Forfeiture of Units All Units granted shall be forfeited if, prior to the removal of restrictions on the Units awarded hereunder as provided below in Section 8, the Grantee has a voluntary or involuntary Termination of Service for any reason other than as described below in Section 5. Each Grantee, by his or her acceptance of the Units, agrees to execute any documents requested by the Company in connection with such forfeiture. Such provisions with respect to forfeited Units shall be specifically performable by the Company in a court of equity or law. Upon any forfeiture, all rights of the Grantee with respect to the forfeited Units shall cease and terminate, without any further obligation on the part of the Company.

  • NATURE OF CONTRACT Execution of this Contract by the Student does not guarantee University Housing. Housing assignments for non-guaranteed students are dependent upon space availability. This Contract shall constitute a license and shall not be deemed to constitute a lease or to create or transfer interest in or lien on real estate. This Contract may not be assigned or transferred.

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