The Unit Component Clause Samples

The Unit Component. (a) Effective as of and subject to the occurrence of the Closing, each Contributor to whom the Units are to be distributed will subscribe for and agree to accept the issuance of the Units and to be bound by the terms and conditions of the AEGIS partnership agreement (the "Partnership Agreement"), a copy of which has been provided to such Contributor, including without limitation the power of attorney granted in the Partnership Agreement, and to execute and deliver at the closing such other documents or instruments as may be required to effect the admission of any such Contributor as a limited partner in and to AEGIS, including signature pages to the Partnership Agreement. The number of Units comprising the Unit Component shall equal the portion of the Purchase Price payable in Units divided by Thirteen ($13.00) Dollars. (b) If as of the last trading day prior to the first anniversary of the Closing (such date, the "Post-Closing Adjustment Date") the Average Price Per Share (defined below) is less than $13.00 (as adjusted for any stock splits, reverse stock splits or similar events), AEGIS shall issue to the Contributors receiving Units on the last business day prior to the First Anniversary additional Units as of such Post-Closing Adjustment Date equal to Units in the amount of the difference between (i) the quotient obtained by dividing (A) the portion of the Purchase Price payable in Units by (B) the Average Price Per Share as of the Post-Closing Adjustment Date and (ii) the number of Units issued to such Contributors on the Closing Date. AEGIS shall not issue fractional Units but in the event that there is a remainder of dollars after the Average Price Per Share of the Common Stock is divided into the amount of Units, the unit amount shall be adjusted upward to the next whole number of Units. AEGIS and the Contributors hereby agree that in no event shall the number of Units either increase or decrease if the Average Price Per Share of the Common Stock as of such date shall be greater than $13.00.
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Related to The Unit Component

  • Clearcutting Units All trees that meet Utilization Standards within “Clearcutting Units” are designated for cutting.

  • The FTPS Unit Servicing Agent shall be indemnified ratably by the affected Trust and held harmless against any loss or liability accruing to it without negligence, bad faith or willful misconduct on its part, arising out of or in connection with the operations of the Trust, including the costs and expenses (including counsel fees) of defending itself against any claim of liability in the premises, including without limitation any loss, liability or expense incurred in acting pursuant to written directions to the FTPS Unit Servicing Agent given by the Trustee or Depositor from time to time in accordance with the provisions of this Indenture or in undertaking actions from time to time which the FTPS Unit Servicing Agent deems necessary in its discretion to protect the Trust and the rights and interests of the FTPS Unit holders pursuant to the terms of this Indenture.

  • Components Patheon will purchase and test all Components (with the exception of Client-Supplied Components) at Patheon’s expense and as required by the Specifications.

  • SPECIALIZED JOB CLASSES Where there is a particular specialized job class in which the pay rate is below the local market value assessment of that job class, the parties may use existing means under the collective agreement to adjust compensation for that job class.

  • Nurses Unit The appointment of two (2) full-time employees to the same budgeted regular position may be authorized by the Director of Human Resources to facilitate training, to make assignments to a position which is vacant due to extended authorized leave of absence, or in an emergency. The most recently hired dual appointee shall enjoy all of the benefits of regular employees except regular status, unless the most recently appointed dual appointee has regular status in the classification. The most recently appointed employee shall be notified in writing by the appointing authority and such notification will clearly define the benefits to which that employee is entitled. Upon return of the initial appointee or completion of the training period or emergency, the following procedure shall apply. If the most recently appointed dual appointee has regular status in the same classification, he/she shall be placed in a vacant position in the same classification in the department/group. If no position is available, the employee shall be laid off, pursuant to the layoff provisions of this Agreement; provided, however, that the initial appointee shall be excluded from the order of layoff. If the most recently appointed dual appointee does not have regular status in the classification, he/she may be appointed to a vacant position in the same classification in the department/group, however, he/she shall be required to serve a probationary period unless waived by the Director of Human Resources. If the most recently appointed dual appointee held prior regular status in a lower classification immediately preceding the dual appointment, he/she shall have the right to return to the former classification and department. If he/she has not held prior regular status in a lower level classification, he/she shall be terminated.