Issued Unit definition

Issued Unit means a Unit that is actually owned by a member.
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Examples of Issued Unit in a sentence

  • Each Issued Unit shall have a value equal to the Per Share Consideration.

  • The General Partner may, in its sole discretion, with respect to any distribution, waive the application of this Section 5.1.B such that a Newly Issued Unit shall receive the Full Distribution Amount (or any greater amount than would otherwise be received under this Section 5.1.B but not in excess of the Full Distribution Amount).

  • Payment of an amount per Issued Unit equal to the Per Share Consideration shall be made by PSI, at its sole election, in cash, shares of PSI common stock (the aggregate fair market value of which shall be equivalent to the aggregate Per Share Consideration of all Units), or a combination of cash and PSI common stock, at the closing of the Sale Event or within a reasonable time thereafter.

  • Each Pro-Rated Issued Unit shall have a value equal to the Per Share Consideration.

  • If an order for relief is entered in any bankruptcy or insolvency proceeding in which any Issued Unit Holder is the debtor, the Company shall have the option to purchase all or any part of the Issued Units owned by such Issued Unit Holder.

  • The Issued Unit Holder shall offer to sell to the Company all of the Issued Units owned by the Issued Unit Holder, including all Issued Units acquired following the termination of Optionee’s employment with the Company or any parent or subsidiary thereof, on the terms and conditions hereinafter contained.

  • The Board of Directors may, in its sole discretion, with respect to any distribution, waive the application of this Section 5.01.B such that a Newly Issued Unit shall receive the Full Distribution Amount (or any greater amount than would otherwise be received under this Section 5.01.B but not in excess of the Full Distribution Amount).

  • No Issued Unit Holder may Transfer any Issued Units (except pursuant to an effective registration statement under the Securities Act) without first delivering to the Company an opinion of counsel reasonably acceptable in Form and substance to the Company (which counsel will be reasonably acceptable to the Company) that registration under the Securities Act is not required in connection with such Transfer.

  • The General Partner may, in its sole discretion, with respect to any distribution, waive the application of this Section 5.1.C such that a Newly Issued Unit shall receive the Full Distribution Amount (or any greater amount than would otherwise be received under this Section 5.1.C but not in excess of the Full Distribution Amount).

  • The Issued Unit Holder or the bankruptcy trustee of the Issued Unit Holder shall offer to sell to the Company all of the Issued Units owned by the Issued Unit Holder or such trustee, including all Issued Units acquired following the filing of such order for relief, on the terms and conditions hereinafter contained.