Unit Power Clause Samples

The "Unit Power" clause defines the rights and responsibilities related to the supply and use of electrical power within a specific unit, such as an apartment or commercial space. Typically, this clause outlines whether the tenant or owner is responsible for arranging and paying for electricity, and may specify requirements for metering, access for utility providers, or compliance with local regulations. Its core function is to clarify who bears the costs and obligations for power usage, thereby preventing disputes and ensuring smooth operation of essential services within the unit.
Unit Power. Concurrently with the execution of this Agreement, the Buyer shall execute in blank one unit transfer power in the form attached hereto as Exhibit D (the “Unit Power”) with respect to the Purchased Units and shall deliver such Unit Power to the Company. The Unit Power shall authorize the Company to assign, transfer and deliver the Purchased Units to the appropriate acquirer thereof pursuant to Section 10 of this Agreement or Section 11.3 of the LLC Agreement.
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Unit Power. Concurrently with the execution of this Agreement, the Participant shall execute in blank one unit transfer power in the form attached hereto as Exhibit C (the “Unit Power”) with respect to the Zero Strike Incentive Units and shall deliver such Unit Power to the Company. The Unit Power shall authorize the Company to assign, transfer and deliver the Zero Strike Incentive Units to the appropriate acquirer thereof pursuant to Section 8 of this Agreement or Section 11.3 of the LLC Agreement
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Unit Power. Concurrently with the exercise of the Option, the Optionee shall execute in blank a unit transfer power in the form attached hereto as Exhibit D (the “Unit Power”) with respect to the Purchased Units and shall deliver such Unit Power to the Company. The Unit Power shall authorize the Company to assign, transfer and deliver the Purchased Units to the appropriate acquirer thereof pursuant to Section 11.3 of the LLC Agreement.
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Unit Power. As a condition of accepting this award, the Director hereby assigns and transfers the Restricted Units granted pursuant to this Award Agreement to the General Partner and hereby appoints the General Partner as attorney to transfer such Units on its books.
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Unit Power. A duly executed unit power from each Seller in favor of Buyer with respect to the Company Units held by such Seller.
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Unit Power. FOR VALUE RECEIVED, the undersigned does hereby irrevocably sell, assign and transfer to ______________________, [●] ([●]) CLASS A-1 UNITS of CT Legacy REIT Holdings, LLC (the “Company”), standing in the name of the undersigned on the books of the Company and represented by Certificate No. [●], and does hereby irrevocably constitute and appoint _______________________ as attorney to transfer said units on the books of the Company with full power of substitution in the premises. Dated: ____________________ CT Legacy Series 2 Note Issuer, LLC By: Name: G▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Chief Financial Officer Taberna Preferred Funding VIII, Ltd. Hare & Co. N/A Taberna Capital Management, LLC c/o RAIT Financial Trust 2▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: K▇▇ ▇▇▇▇▇▇▇▇ Telephone No: (▇▇▇) ▇▇▇-▇▇▇▇ Email: k▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Taberna Preferred Funding IX, Ltd. Hare & Co. N/A Taberna Capital Management, LLC c/o RAIT Financial Trust 2▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: K▇▇ ▇▇▇▇▇▇▇▇ Telephone No: (▇▇▇) ▇▇▇-▇▇▇▇ Email: k▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ JSN Restructure Vehicle 1 Ltd. N/A [***] JSN Restructure Vehicle 1 Ltd. c/o Walkers SPV Limited W▇▇▇▇▇ House 8▇ ▇▇▇▇ ▇▇. G▇▇▇▇▇ Town Grand Cayman KY1-9002 Cayman Islands Attention: The Directors Telephone No: (▇▇▇) ▇▇▇-▇▇▇▇ Email: w▇▇▇.▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ The CT Entities N/A N/A c/o Capital Trust, Inc. 4▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: G▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Telephone No: (▇▇▇) ▇▇▇-▇▇▇▇ Email: g▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
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Unit Power. (a) Each Member hereby irrevocably constitutes and appoints ▇▇▇▇ ▇▇▇▇▇▇▇ as his, her or its attorney to transfer all of such Member’s SE Units registered on the books and records of SE, with full power of substitution in the premises, for the purpose of consummating the assignment, transfer, sale and conveyance of SE Units to the Company and the other transactions contemplated by this Agreement. (b) Each Member hereby irrevocably constitutes and appoints ▇▇▇▇ ▇▇▇▇▇▇▇ as his, her or its attorney to transfer all of such Member’s Class A Preferred Units comprising the Escrow Amount as reflected on Schedule A and registered on the books and records of the Company as of the Closing, with full power of substitution in the premises, for the purpose of assigning, transferring, and conveying such Class A Preferred Units comprising the Escrow Amount to the Company for the purpose of complying with Sections 8.5 and 8.6.
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Related to Unit Power

  • Electrical Power Corporation shall provide Contractor with convenient access to electrical power required to perform the work. The electrical outlets used by Contractor shall be those designated or approved by Corporation.

  • Reactive Power 1.8.1 The Interconnection Customer shall design its Small Generating Facility to maintain a composite power delivery at continuous rated power output at the Point of Interconnection at a power factor within the range established by the Connecting Transmission Owner on a comparable basis, until NYISO has established different requirements that apply to all similarly situated generators in the New York Control Area on a comparable basis. 1.8.2 The NYISO is required to pay the Interconnection Customer for reactive power, or voltage support service, that the Interconnection Customer provides from the Small Generating Facility in accordance with Rate Schedule 2 of the NYISO Services Tariff.

  • Statutory Powers For the purposes of all powers implied by statute the Secured Obligations shall be deemed to have become due and payable on the date of this Assignment.

  • Organization; Power and Authority The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof and thereof.

  • Organization; Power; Qualification Each of the Borrower, the other Loan Parties and the other Subsidiaries is a corporation, partnership or other legal entity, duly organized or formed, validly existing and in good standing under the jurisdiction of its incorporation or formation, has the power and authority to own or lease its respective properties and to carry on its respective business as now being and hereafter proposed to be conducted and is duly qualified and is in good standing as a foreign corporation, partnership or other legal entity, and authorized to do business, in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization and where the failure to be so qualified or authorized could reasonably be expected to have, in each instance, a Material Adverse Effect.