Corresponding Rate definition

Corresponding Rate means the number of Class A Units that would be forfeited or cancelled upon the forfeiture or cancellation of Ares Owners Mirror Units or Common Units pursuant to any agreements governing such Ares Owners Mirror Units or Common Units, as applicable. As of the Effective Date, the Corresponding Rate shall be 1 for 1. The Corresponding Rate shall be adjusted accordingly by the General Partner in its sole discretion upon: (a) any subdivision (by any unit split, unit distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the Class A Units that is not accompanied by an identical subdivision or combination of the Ares Owners Mirror Units, as applicable, or Common Units, as applicable; or (b) any subdivision (by any unit split, unit distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the Ares Owners Mirror Units, as applicable, or Common Units, as applicable, that is not accompanied by an identical subdivision or combination of the Class A Units.
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Corresponding Rate means the number of shares of Class A Common Stock that would be forfeited or cancelled upon the forfeiture or cancellation of Ares Owners Class Issuer Units pursuant to any agreements governing such Ares Owners Class Issuer Units. The Corresponding Rate shall initially be 1 for 1. The Corresponding Rate shall be adjusted accordingly by the Board of Directors in its sole discretion if there is: (a) any subdivision (by any share split, share distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse share split, reclassification, reorganization, recapitalization or otherwise) of the Class A Common Stock that is not accompanied by an identical subdivision or combination of the Ares Owners Class Issuer Units; or (b) any subdivision (by any unit split, unit distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the Ares Owners Class Issuer Units that is not accompanied by an identical subdivision or combination of the Class A Common Stock.
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Corresponding Rate means the number of Class A Units that would be forfeited or cancelled upon the forfeiture or cancellation of Ares Owners Class OG Units, Ares Owners Class IND Units or Common Units pursuant to any agreements governing such Ares Owners Class OG Units, Ares Owners Class IND Units or Common Units, as applicable. As of the Effective Date, the Corresponding Rate shall be 1 for 1. The Corresponding Rate shall be adjusted accordingly by the General Partner in its sole discretion upon: (a) any subdivision (by any unit split, unit distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the Class A Units that is not accompanied by an identical subdivision or combination of the Ares Owners Class OG Units, Ares Owners Class IND Units or Common Units, as applicable; or (b) any subdivision (by any unit split, unit distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the Ares Owners Class OG Units, Ares Owners Class IND Units its or Common Units, as applicable, that is not accompanied by an identical subdivision or combination of the Class A Units.
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Examples of Corresponding Rate in a sentence

  • At any time when Undersigned selects, converts to or renews the Euro-Rate option, Undersigned shall fix a period (the "Rate Period") which shall be one, two, or three months, which shall be acceptable to Bank in Bank's sole discretion, during which the Euro-Rate Option shall apply to the Corresponding Rate Segment.

  • Apprentice Training Period Hourly Rate as a of The Corresponding Rate Hours I 3rd I6 Hours 4th Hours 5th Hours 7th 8th Notwithstanding anything contained in this Article or otherwise.

  • With respect to the Contractor’s sale of services under the Federal Communications Commission’s E-Rate Program, Contractor shall at all times comply with the Lowest Corresponding Rate rules under that program.

Related to Corresponding Rate

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Component Notional Amount Not applicable.

  • Aggregate Notional Amount means, with respect to any date of determination, an amount equal to the sum of the notional amounts or equivalent amounts of all outstanding Hedging Agreements, Replacement Hedging Agreements and Qualified Substitute Arrangements, each as of such date of determination.

  • Corresponding Lower-Tier Regular Interest As identified in the Preliminary Statement with respect to any Class of Principal Balance Certificates or Component.