Base unit price definition
Examples of Base unit price in a sentence
Unless otherwise approved by the Board or as provided in Section 3.4, the Additional Interests shall be issued at the lesser of (1) the Base Unit Price and (2) Fair Market Value; provided, that Additional Interests issued in respect of a Critical Funding Issue may only be issued at the lesser of (1) the Base Unit Price and (2) Fair Market Value, and the Board shall not be entitled to approve the issuance of Additional Interests in respect of a Critical Funding Issue at a higher price.
Each Member will have the right to fund its Capital Percentage of the aggregate Cost Overrun Contributions requested by the Board in accordance with Section 3.4(a) in consideration of the issuance to such Member of new Capital Units in each relevant subclass of Capital Units (as provided in Section 3.7) then-held by such Member pro rata among such relevant subclasses at the Base Unit Price.
Notwithstanding the foregoing, any Member Loans issued in connection with a Critical Funding Issue shall convert to Capital Units at the Base Unit Price on the 60th day to occur after the date of the Emergency Funding Request in connection with such Critical Funding Issue.