General Units definition

General Units means Units owned by the Managing Owner.
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Examples of General Units in a sentence

  • The Units of each Fund shall initially be divided into two classes: General Units and Limited Units.

  • The obligations of the Managing Owner under this Section 1.7 shall be evidenced by its ownership of the General Units which, solely for purposes of the Delaware Trust Statute, will be deemed to be a separate class of Units of each Fund.

  • The Units initially shall be divided into two classes: General Units and Limited Units.

  • Investor General Partners must make Capital Contributions to the Partnership when called by the Managing General Partner, in addition to their subscription amounts, for their pro rata share of any Partnership obligations and liabilities which are recourse to the Investor General Partners and are represented by their ownership of Units before the conversion of Investor General Units to Limited Partner Units under §6.01(b).

  • For the purpose of this Section, “combined total” shall be understood to mean the sum of paid release time hours taken by representatives of AMEA full-time Clerical and General Units, in any combination.

  • The Managing Owner has purchased General Units in each Initial Fund.

  • The obligations of the Managing Owner under this Section 1.7 shall be evidenced by its ownership of the General Units which, solely for purposes of the Delaware Trust Statute, will be deemed to be a separate class of Units.

  • Notwithstanding any provision in this Agreement to the contrary, but subject to Section 7.01(g), for so long as it shall act as the Trust’s Managing Owner, the Managing Owner and any of its Affiliates may transfer or redeem any of the Managing Owner’s General Units or its Affiliates’ Limited Units (if any) without notice to the Limited Owners.

  • Subject to all applicable Laws, other than the Managing Owner’s previous cash contributions with respect to the General Units, the Managing Owner shall not be required to make any cash contributions to the Trust or to any Fund.

  • The obligations of the Managing Owner under this Section 1.7 shall be evidenced by its ownership of the General Units which, solely for purposes of the Delaware Trust Statute, will be deemed to be a separate class of Units of the Trust.

Related to General Units

  • 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.

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

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • 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.

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