CARET Units definition

CARET Units has the meaning provided in the CARET LLC Agreement or any such successor units issued by the Borrower or any of its Affiliates.
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CARET Units has the meaning provided in the Safehold GL Holdings LLC Agreement or any such successor units issued by the Borrower or any of its Affiliates.
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CARET Units means and refer to CARET Units (as defined in the Holdings LLC Agreement) of Holdings.
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Examples of CARET Units in a sentence

  • The CARET Units issued hereunder shall all be a single class of Units that are pari passu within the class as to economic matters.

  • Notwithstanding anything herein to the contrary, the Borrower and its Restricted Subsidiaries may declare and make, directly or indirectly, dividend payments or other distributions payable solely in the GL Units or CARET Units in such Person.

  • From and after the Effective Date, all documentation pertaining to the Plan, each Award and each Award Agreement shall be deemed amended as necessary to reflect the exchange of the CARET Units issued by the Prior CARET Issuer for CARET Units issued by Holdings and to provide that references to the Prior CARET Issuer or CMH, as applicable, in such documentation shall refer to Assignee.

  • Subject to Section 9.5, this Agreement may be amended, modified, or waived solely by action of the Board without the approval of any Member; provided, that all amendments to this Agreement shall affect all CARET Units equally.

  • In addition to any other restrictions set forth in a Participant's Award Agreement, until such time as the CARET Units have vested pursuant to the terms of the Award Agreement, the Participant shall not be permitted to sell, transfer, pledge, or otherwise encumber the CARET Units.

  • Subject to adjustment as provided in Section 11 hereof, the total number of CARET Units reserved and available for delivery in connection with Awards under the Plan after the Effective Date shall not exceed the sum of (x) 77,044 CARET Units, plus (y) any CARET Units which are subject to Awards outstanding as of the Effective Date which become available for issuance under the Plan pursuant to Section 4(b) below or as a result of any forfeitures under any of the Re-Vesting Agreements.

  • All distributions to such CARET Units with respect to which the Company Record Date is before the date of such Transfer or assignment shall be made to the Transferor Member and all distributions thereafter attributable to such CARET Units shall be made to the Transferee Member.

  • The Company is authorized to issue up to 12,000,000 CARET Units, in the aggregate, including any Profits Interests (the “Issuance Limitation”); provided, however, that the Issuance Limitation shall not prevent the Company from undertaking one or more splits or reverse splits of the then-outstanding CARET Units in the sole discretion of the Managing Member, subject to Section 9.3 and any applicable law.

  • By definition, efficiency of customs is a measure of overall LPI.

  • Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any distribution to any CARET Holder in respect of its CARET Units if such distribution would violate the Act or other applicable law.


More Definitions of CARET Units

CARET Units means units of membership interest in CARET Issuer designated as CARET Units under the LLC Agreement, as the same may be amended from time to time or interests therein that are intended to qualify as profits interests for federal income tax purposes.
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Related to CARET Units

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.