Temporary Units Clause Samples
The Temporary Units clause defines the terms under which temporary housing units are provided, used, or managed within a project or agreement. Typically, this clause outlines the conditions for installation, maintenance, and removal of such units, as well as responsibilities for costs and compliance with relevant regulations. For example, it may specify that temporary units are to be used during construction or renovation periods and must meet certain safety standards. The core function of this clause is to ensure that all parties understand their obligations regarding temporary accommodations, thereby preventing disputes and ensuring smooth project operations.
Temporary Units. (a) Until certificates representing Units are ready for delivery, the Issuers may prepare and the Unit Agent, upon receipt of a Company Order, will authenticate temporary Units. Temporary Units will be substantially in the form of certificated Units but may have variations that the Issuers consider appropriate for temporary Units and as may be reasonably acceptable to the Unit Agent. Without unreasonable delay, the Issuers will prepare and the Unit Agent will authenticate definitive Units in exchange for temporary Units.
(b) Unitholders of temporary Units will be entitled to all of the benefits of this Agreement.
Temporary Units. Until certificates representing Units are ready for delivery, Holdings and the Company may prepare and the Unit Agent, upon receipt of a Unit Authentication Order, shall authenticate temporary Units. Temporary Units shall be substantially in the form of certificated Units but may have variations that the Company considers appropriate for temporary Units and as shall be reasonably acceptable to the Unit Agent. Without unreasonable delay, Holdings and the Company shall prepare and, upon receipt of a Unit Authentication Order, the Unit Agent shall authenticate Definitive Units in exchange for temporary Units. Holders of temporary Units shall be entitled to all of the benefits of this Unit Agreement.
Temporary Units. Pending the preparation of Definitive Units, the Company and the Note Issuer shall execute and deliver to the Units Agent, and the Units Agent shall authenticate and deliver, in lieu of such Definitive Units, temporary Units that are in substantially the form set forth in Exhibit A hereto, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units may be listed, or as may, consistently herewith, be determined by the officers of the Company executing such Units, as evidenced by their execution of the Units. If temporary Units are issued, the Company and the Note Issuer will cause Definitive Units to be prepared without unreasonable delay. After the preparation of Definitive Units, the temporary Units shall be exchangeable for Definitive Units upon surrender of the temporary Units at the Corporate Trust Office, at the expense of the Company and the Note Issuer and without charge to the Holder or the Units Agent. Upon surrender for cancellation of any one or more temporary Units, the Company and the Note Issuer shall execute and deliver to the Units Agent, and the Units Agent shall authenticate and deliver in exchange therefor one or more Definitive Units of like tenor and denominations and evidencing a like aggregate stated amount of Units as the temporary Unit or Units so surrendered. Until so exchanged, the temporary Units shall in all respects evidence the same benefits and the same obligations with respect to the Units evidenced thereby as Definitive Units.
Temporary Units. Until permanent Definitive Units are --------------- ready for delivery, the Company may prepare and the Unit Agent shall authenticate temporary Definitive Units upon receipt of a Company Order in the form of an Officers' Certificate. The Officers' Certificate shall specify the amount of temporary Definitive Units to be authenticated and the date on which the temporary Definitive Units are to be authenticated. Temporary Definitive Units shall be substantially in the form of permanent Definitive Units but may have variations that the Company considers appropriate for temporary Definitive Units. Without unreasonable delay, the Company shall prepare and the Unit Agent shall authenticate upon receipt of a Company Order permanent Definitive Units in exchange for temporary Definitive Units.
Temporary Units. Until certificates representing Units are ready for delivery, the Issuers may prepare and the Trustee, upon receipt of an Authentication Order, will authenticate temporary Units (and Notes comprising such Units). Temporary Units will be substantially in the form of certificated Units but may have variations that the Issuers consider appropriate for temporary Units and as may be reasonably acceptable to the Trustee. Without unreasonable delay, the Issuers will prepare and the Trustee will authenticate definitive Units (and Notes comprising such Units) in exchange for temporary Notes and Units, respectively. Holders of temporary Units will be entitled to all of the benefits of this Indenture.