Corporate Unitholder definition

Corporate Unitholder means a Unitholder of the Florida Trust that is a corporation subject to the income tax on corporations imposed by the Florida Code.
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Examples of Corporate Unitholder in a sentence

  • Unless a valid Tax Election Form is made in accordance with the Tax Act, a Canadian Corporate Unitholder who disposes of Equity Units to SIB LP in consideration for SIB LP Consideration Units pursuant to the Offer will be considered to have disposed of its Equity Units for proceeds of disposition equal to the aggregate of the fair market value, at the time of the disposition, of the SIB LP Consideration Units received.

  • IPO Co. shall have no obligation to indemnify a Non-Participating Corporate Shareholder or its Related Corporate Unitholder pursuant to this Section 5.a)(3) with respect to the LLC Transfer.

  • IPO Co. agrees not to dispose of any Corporate Shareholder Interests or any Related Corporate Unitholder (including by dissolution or liquidation of any Related Corporate Unitholder) in a manner, or to take any other action, that causes the LLC Transfer to fail to qualify as a tax-free contribution under Section 351 with respect to any Corporate Shareholder.

  • Each of the Unit Holders that is not a Related Corporate Unitholder hereby assigns, transfers, conveys and delivers to IPO Co. the Transferred Units, together with all associated rights, privileges, restrictions and obligations in exchange for the Reorganization Shares, with effect as of the Effective Time.

  • For purposes of this Section 4, the term “Corporate Shareholder” shall exclude any Corporate Shareholder that is listed as an “Investor Parent” in the Operating Agreement if such Corporate Shareholder’s Related Corporate Unitholder only holds Series B Preferred Units.

  • However, to the extent that any Tax Distributions (as defined in Section 5.1(a) of the Operating Agreement) have not been made by the Operating Company to the applicable Related Corporate Unitholder in order to pay such Taxes or information sufficient to file such Tax Returns has not been distributed to the applicable Related Corporate Unitholder, then IPO Co. shall or shall cause such Tax Returns and Taxes to be filed or paid, as applicable.

  • In the event that the Operating Company has not issued such New Securities to the Corporate Unitholder within such sixty (60) day period, then the Operating Company shall not thereafter issue such New Securities without again first offering such New Securities to the Rights Holders pursuant to this Section 12.05.

Related to Corporate Unitholder

  • Corporate Unit means the collective rights and obligations of a Holder of a Corporate Unit Certificate in respect of the Applicable Ownership Interest in Debentures or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, subject in each case to the Pledge thereof (except that the Applicable Ownership Interest in the Treasury Portfolio as specified in clause (ii) of the definition of such term shall not be subject to the Pledge), and the related Purchase Contract.

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Unit Holder means the owner of one or more Units.

  • Unitholders means the holders of Units.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Preferred Shareholder means any holder of Preferred Shares.

  • Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Class B Units means the Class B Units of the Company.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Defaulting Shareholder has the meaning set out in clause 16.7;

  • Treasury Unit means, following the substitution of Treasury Securities for Pledged Applicable Ownership Interests in Notes as Collateral to secure a Holder’s Obligations under the Purchase Contract, the collective rights and obligations of a Holder of a Treasury Units Certificate in respect of such Treasury Securities, subject to the Pledge thereof, and the related Purchase Contract.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.