ECT Units definition

ECT Units means the units of ECT designated as "common units" pursuant to the ECT Trust Indenture;
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ECT Units means and includes both Common Units and Preferred Units of ECT (as each such term is defined in the ECT Trust Indenture), and “ECT Unit” means a Common Unit or Preferred Unit of ECT, as the case may be and the context so requires;
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ECT Units includes ECT Common Units, ECT Preferred Units and ECT Class B Units, and “ECT Unit” means an ECT Common Unit, ECT Preferred Unit or ECT Class B Unit, as the case may be and the context so requires.
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Examples of ECT Units in a sentence

  • At any time that the Fund holds less than 50% of the issued and outstanding ECT Units, any meeting of the Fund held at the request of the ECT Trustees shall be held at the sole cost and expense of ECT.

  • Vote the ECT Units with respect to any matter which under the ECT Trust Indenture requires or permits the approval of ECT Units by Special Resolution (as defined therein).

  • There was consensus to get clarification from the Town Attorney and get a second opinion from the Maine Municipal Association.

  • The rights conferred by any such provision shall be enforced by the Manager for its benefit and the benefit of ECT, and shall be held in trust and enforced by the Manager for the benefit the ECT Trustees, holders of ECT Units and any annuitant.

  • The omission of such a provision from any such written agreement shall not operate to impose personal liability on the ECT Trustees, the Manager or any holder of ECT Units or any annuitant.

  • Vote the ECT Units with respect to any matter which under the ECT Trust Indenture requires or permits the approval of ECT Units by Ordinary Resolution (as defined therein).

  • Such Special Resolution may contain such directions to the Trustee as the Unitholders determine, including a direction to distribute ECT Units or ECT Notes, or any of them, in specie.

  • Both the ECT Units and the ECT Preferred Units may be purchased for cancellation by ECT.

  • PRIOR SALES On February 26, 2013, the Fund issued 4,768,000 Trust Units to EIFH at a price of $25.00 per Trust Unit, for gross proceeds of $119.2 million which were used to subscribe for 4,768,000 ECT Units at a price of $25 per unit.

  • Thereafter, only the holders of ECT Units are entitled to further distributions of the assets of ECT for the purpose of the liquidation, dissolution or winding up of its affairs.

Related to ECT Units

  • Company Units has the meaning set forth in the Recitals.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • 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.

  • Common Units is defined in the Partnership Agreement.

  • Membership Units means membership interests in the Company.

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Trust Units means units of the Trust;

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

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Membership Interests has the meaning set forth in the recitals.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

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

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Voting Units means collectively, the Units and Special Voting Units;

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

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

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

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.