HEP Units definition

HEP Units means common limited partnership units of HEP. For avoidance of doubt, “HEP Units” as used herein does not include any of the HEP General Partner Interests held by Pledgor (or any rights, distributions or proceeds arising out or derived from such HEP General Partner Interests).
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HEP Units has the meaning set forth in Section 2.6.1.1(2).
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HEP Units has the meaning given to such term in the ASPA.
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Examples of HEP Units in a sentence

  • Nothing contained in this Pledge Agreement shall limit or impair any right of Secured Party to require cash payments or letters of credit pursuant to the Crude Supply Agreements (or any other agreement enabling Secured Party to demand or require other collateral) nor require Pledgor to deliver additional HEP Units as collateral for the Obligations if additional collateral is required under the Crude Supply Agreements.

  • So long as no Event of Default has occurred and is continuing, Pledgor shall have the right to substitute all or a part of the Pledged HEP Units with letters of credit or cash collateral with value equivalent to 50% of the Pledged HEP Units for which substitution is being made.

  • Nothing herein shall constitute a representation or warranty by Pledgor that the issuance by HEP of the Pledged HEP Units complies with Securities Laws.

  • Business Days of such Collateral Release Date, request the release of Pledged HEP Units (including all Pledged Units related thereto) with a Fair Market Value of Pledged HEP Units (as determined on such Collateral Release Date) of up the Excess Collateral Amount by submitting a written request to Secured Party.

  • Seller is acquiring the HOC Shares and HEP Units for its own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered or exempted under the 1933 Act.

  • Seller and its advisors, if any, have been furnished with all materials relating to the business, finances and operations of HOC and HEP and materials relating to the offer and sale of the HOC Shares and HEP Units that have been requested by Seller.

  • Seller understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the HOC Shares or HEP Units or the fairness or suitability of the investment in the HOC Shares or HEP Units nor have such authorities passed upon or endorsed the merits of the offering of the HOC Shares or HEP Units.

  • Seller does not presently have any agreement or understanding, directly or indirectly, with any Person to distribute any of the HOC Shares or HEP Units.

  • Shutdown proposals of generating stations: System Station UnitSize (MW)Annual maintenance of Teesta-V HEP Units: i.

  • Any Applicable ROFR must (a) be exercisable for a price not less than the Fair Market Value of the Pledged HEP Units on the applicable transfer date, and (b) must provide for the exercise of the Applicable ROFR within five (5) Business Days after written notice of the intention to sell or otherwise transfer such Pledged Units is given to such Person by Pledgor or Secured Party, as the case may be.


More Definitions of HEP Units

HEP Units means limited partnership units of HEP. For avoidance of doubt, “HEP Units” as used herein does not include any of the HEP General Partner Interests held by Pledgor (or any rights, distributions or proceeds arising out or derived from such HEP General Partner Interests).
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Related to HEP Units

  • 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.

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

  • 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 Units is defined in the Partnership Agreement.

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

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

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

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

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

  • Co-op Shares Shares issued by private non-profit housing corporations.

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

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

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

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

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

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • 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.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • 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.

  • 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.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Class A Common Units means the Company's Class A Common Units.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

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