Fractional Units definition

Fractional Units means the deeded monthly fractional ownership of residential units located within the Project and to be sold by the Reorganized Debtors to fund the payments to be made pursuant to the Plan.
Sample 1

Examples of Fractional Units in a sentence

  • Fractional Units will be computed and accounted for up to three decimal places for the Scheme.

  • Fractional Units will be computed and accounted for up to three decimal places.

  • Fractional Units will be issued to enhance economical and efficient handling.

  • Fractional Units will be computed and accounted for up to three decimal places for all Scheme.

  • Fractional Units will be computed and accounted for up to three decimal places using standard rounding criteria.

  • Fractional Units in no way will affect an investor’s ability to redeem Units.

  • Fractional Units will in no way affect the investor’s ability to redeem Units.

  • Fractional Units shall be credited, but shall be rounded to the nearest hundredth percentile, with amounts equal to or greater than .005 rounded up and amounts less than .005 rounded down.

  • Fractional Units Investors may have Account Statements that show an issuance of fractional Units.

  • Fractional Units carry the same rights and are subject to the same conditions as whole Units (other than with respect to voting rights) in the proportion which they bear to a whole Unit.

Related to Fractional Units

  • Fractional Share with respect to the Preferred Stock shall mean one one-hundredth of a share of Preferred Stock.

  • Units means the Class A Units and any other Class of Units authorized in accordance with this Agreement, which shall constitute interests in the Partnership as provided in this Agreement and under the Act, entitling the holders thereof to the relative rights, title and interests in the profits, losses, deductions and credits of the Partnership at any particular time as set forth in this Agreement, and any and all other benefits to which a holder thereof may be entitled as a Partner as provided in this Agreement, together with the obligations of such Partner to comply with all terms and provisions of this Agreement.

  • Fractional Undivided Interest means the fractional undivided interest in a Trust that is represented by a Certificate relating to such Trust.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • Common Units means common units representing limited partner interests in the Partnership.

  • GP Units means the ordinary general partnership securities of the Partnership.

  • 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.

  • LP Units means, collectively, the Class A LP Units and the Class B LP Units; “LRSY” means long run sustainable yield;

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

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

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

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

  • 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.

  • Common Unit means a Limited Partner Interest having the rights and obligations specified with respect to Common Units in this Agreement. The term “Common Unit” does not include a Subordinated Unit prior to its conversion into a Common Unit pursuant to the terms hereof.

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

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

  • Initial Unit Principal Balance of the Class A Units: $42,500,000 Initial Notional Amount of the Class B Units: $42,500,000 Issue Price of Units: Class A Units: 100% Class B Units: $364,000 Number of Units: Class A Units: 1,700,000 (Unit Principal Balance of $25 each) Class B Units: Initially, one (1) Unit representing 100% of the Notional Amount of the Class B Units Minimum Denomination: Class A Units: $25 and $25 increments in excess thereof. The minimum denomination specified in Section 5.01(a) of the Standard Terms shall not apply. Each $25 of Unit Principal Balance is a Unit.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued pursuant to Sections 4.1, 4.2 and 4.3 and includes any classes or series of Partnership Units established after the date hereof. The number of Partnership Units outstanding and the Percentage Interests in the Partnership represented by such Partnership Units are set forth in Exhibit A, as such Exhibit may be amended from time to time. The ownership of Partnership Units shall be evidenced by such form of certificate for Partnership Units as the General Partner adopts from time to time unless the General Partner determines that the Partnership Units shall be uncertificated securities.

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

  • Class A Common Units has the meaning set forth in Section 3.1.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 3.3.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • PO Fraction With respect to any Discount Mortgage Loan, the difference between 1.0 and the Non-PO Fraction for such Mortgage Loan; with respect to any other Mortgage Loan, zero. Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan. Pool Balance (PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Fractional Interest As defined in Section 5.02(d).