Capital Unit definition

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Capital Unit means a Capital Unit in the Trust referred to in clause 3.

Capital Unit means the Class A Capital Unit and the Class B Capital Unit.

Examples of Capital Unit in a sentence

After the expiration of the Founder Shares Lock-up Period, the Private Placement Lock-up Period, the Working Capital Unit Lock-up Period, or the Extension Unit Lock-up Period, as the case may be, the Holder may assign or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, to any transferee.
Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part of, and be represented by, a Unit, Private Unit or Working Capital Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent and/or the facilities of The Depository Trust Company (the “Depository”) or other book-entry depositary system, in each case as determined by the Board of Directors of the Company or by an authorized committee thereof.
Upon the Disposition of a Capital Unit, that portion of the capital account of the Member effecting the Disposition that is attributable to the Capital Unit subject to the Disposition shall carry over to the Person acquiring such Capital Unit.
A Member who has more than one Capital Unit shall have a single capital account that reflects all its Capital Units, regardless of the Class of Capital Units owned by that Member and regardless of the time or manner in which those Capital Units were acquired.
The Board of Mangers may provide for the placement of legends on Capital Unit certificates to indicate restrictions on transfer, corn delivery obligations, or other restrictions or obligations contained herein.

More Definitions of Capital Unit

Capital Unit or “Unit”

Capital Unit means a potential interest in the Share Pool.

Capital Unit means the collective rights and obligations of MS plc, the Corporation and a Holder with respect to a Debenture in the principal amount of $1,000, a Guarantee and a Purchase Contract.

Capital Unit means a Portfolio Manager or Semi-Systematic Capital Unit;

Capital Unit means a single Class A ownership interest in Employer.

Capital Unit means an ownership interest in the Venture. The Capital Units held by each Venturer are set forth on Exhibit "A" attached hereto and fully incorporated herein as though set forth at this point verbatim.

Capital Unit or “Unit” means Capital Units of the Company with the rights and privileges set forth in this Operating Agreement, including Class A Capital Units, and any other class of Capital Units as may be approved and adopted by the Board of Managers. 1.8 “Capital Unit Transfer System” means the procedures set forth in Article 4 of this Operating Agreement governing all Dispositions of Capital Units. 1.9 “Class A Members” means holders of Class A Capital Units who have executed and agreed to be bound by this Operating Agreement. 1.10 “Code” means the Internal Revenue Code of 1986 and any successor statute, as amended from time to time. 1.11 “Committed Capital” means $2.00 per Class A Capital Unit with respect to Members receiving Class A Capital Units in the Reorganization, and, with respect to any additional Members, the purchase price of the Capital Units subscribed for in any subsequent offering pursuant to a subscription agreement that has been accepted by the Company, regardless of whether such purchase price has been fully paid. 1.12 “Company” means Lake Area Corn Processors, LLC (formerly, Lake Area Ethanol, LLC), a manager-managed South Dakota limited liability company.