Initial Unit definition

Initial Unit has the meaning ascribed thereto in Section 2.1 hereof;

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Initial Unit means the one Trust Unit initially issued to the Initial Unitholder by the Trust.

Initial Unit means the Unit to be issued to FCL in consideration of the contribution of all of the issued and outstanding common shares of Subco upon the formation and settlement of the Fund;

Examples of Initial Unit in a sentence

• Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the General Partner and the Unitholders, Pro Rata, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price.

• The aggregate principal amount of Underlying Securities initially held by the Trust divided by the Initial Unit Principal Balance of the Class A Units.

• Upon completion of such purchase and sale, the Initial Unit will be cancelled and will no longer be outstanding for any of the purposes of this Trust Agreement.

• The initial Capital Account balance attributable to the Common Units issued to the IPO Underwriters pursuant to Section 5.3(b) shall equal the product of the number of Common Units so issued to the IPO Underwriters and the Initial Unit Price for each Common Unit (and the initial Capital Account balance attributable to each such Common Unit shall equal its Initial Unit Price).

• The initial Capital Account balance attributable to the Common Units issued to the IPO Underwriters pursuant to Section 5.3(a) shall equal the product of the number of Common Units so issued to the IPO Underwriters and the Initial Unit Price for each Common Unit (and the initial Capital Account balance attributable to each such Common Unit shall equal its Initial Unit Price).

More Definitions of Initial Unit

Initial Unit. Principal Balance of the Class A Units: $25,000,000 Initial Notional Amount of the Class B Units: $25,000,000 Issue Price of Units: Class A Units: 100% Class B Units: As specified by the Depositor from time to time

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.

Initial Unit means the beneficial interest in the Fund acquired by ERC by virtue of making the Initial Contribution;

Initial Unit. Principal Balance of the Units: [Initial Notional Amount of the Units: Issue Price of Units: Number of Units: Minimum Denomination: Cut-off Date:

Initial Unit means the beneficial interest in the Fund acquired by the Corporation by virtue of making the Initial Contribution;

Initial Unit. Principal Balance of the Class A Units: $30,000,000 Initial Notional Amount of the Class B Units: $30,000,000 Issue Price of Units: Class A Units: 100% Class B Units: $218,000 Number of Units: Class A Units: 1,200,000 (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 to the Class A Units. Each $25 of Unit Principal Balance is a Unit. Class B Units: $100,000 and $1,000 increments in excess thereof. Cut-off Date: February 19, 2003 Closing Date: February 19, 2003 Specified Currency: ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇: New York, New York and Chicago, Illinois Interest Rate: Class A Units: 8.650% per annum on the basis of a 360 day year consisting of twelve 30 day months. Class B Units: 0.0816% per annum on the basis of a 360 day year consisting of twelve 30 day months. The right of the Class A Units to accrued interest is pari passu with the right of the Class B Units to accrued interest from accrued interest on the securities.

Initial Unit means the single initial unit of the Trust issued to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ upon settlement of the Trust; “▇▇▇▇▇ ▇▇▇▇” means ▇▇▇▇▇ ▇▇▇▇ Capital Partners Inc.;