Mirror Units definition

Mirror Units has the meaning ascribed thereto in the fourth paragraph of this Agreement;
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Mirror Units is defined in Section 1.5(d) . “New Partnership” is defined in Section 2.5(a) . “Non-Election” is defined in Section 2.3(e) . “NYSE” is defined in Section 2.3(c) . “Operating Partnership” is defined in the Preamble. “Order” means any award, judgment, injunction, consent, ruling, decree or order (whether temporary, preliminary or permanent) issued, adopted, granted, awarded or entered by any Governmental Entity or private arbitrator of competent jurisdiction. “Out-of-the-Money Option” is defined in Section 2.7(b) . “Ownership Limit” is defined in Section 3.21. “Parent” is defined in the Preamble. “Parent Disclosure Letter” is defined in Article IV. “Parent Instructions” is defined in Section 5.13(a) . “Parent Interest” is defined in Section 2.1(d) . “Parent Material Adverse Effect” means any change or effect that would mate- rially impair the ability of any Purchaser Party to timely consummate the transactions, or per- form any of its other obligations, contemplated by this Agreement. “Partnership Agreement” means the Limited Partnership Agreement, dated as April 21, 1994, of the Operating Partnership, as in effect on the date hereof. “Partnership Certificate of Merger” means one or more certificates of merger with respect to the Partnership Merger, containing the provisions required by, and executed in accordance with, the DRULPA. “Partnership Merger” is defined in Section 1.1(b) . “Partnership Merger Consideration” is defined in Section 2.2(a)(ii) . “Partnership Merger Effective Time” is defined in Section 1.3. “Partnership Unit” is defined in Section 3.3(b) . “Permitted Title Exceptions” is defined in Section 3.16(b) . “Per Share Cash Consideration” is defined in Section 2.1(a)(ii) .
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Examples of Mirror Units in a sentence

  • So long as funds sufficient to pay the redemption price for all of the Series A Preferred Mirror Units called for redemption have been set aside for payment, from and after the redemption date, such Series A Preferred Mirror Units called for redemption shall no longer be deemed outstanding, and all rights of the Series A Holders thereof shall cease other than the right to receive the redemption price, without interest.

  • Distributions payable on the Series A Preferred Mirror Units for any period less than a full Distribution Period shall be computed on the basis of a 360-day year consisting of twelve 30-day months.

  • The Series A Preferred Mirror Units are hereby designated and created as a series of Preferred Units.

  • The Capital Account balance of each holder of Series A Preferred Mirror Units with respect to each Series A Preferred Mirror Unit shall equal the Liquidation Preference per Series A Preferred Mirror Unit as of the date such Series A Preferred Mirror Unit is initially issued and shall be increased as set forth in Article XI.

  • No distributions shall be made with respect to the Series A Preferred Mirror Units except as permitted under Article XI.

  • The Partnership may, from time to time, issue additional Series A Preferred Mirror Units.

  • Notwithstanding any other provision of this Agreement or the Act, the Series A Preferred Mirror Units shall not have any relative, participating, optional or other voting, consent or approval rights or powers, and the vote, consent or approval of the Series A Holders shall not be required for the taking of any Partnership action.

  • Distributions payable on the Series A Preferred Mirror Units for the initial Distribution Period and any period less than a full Distribution Period shall be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual number of days elapsed in such period.

  • For the avoidance of doubt, and without limitation of the foregoing, no distributions pursuant to Section 4.01, including Tax Distributions, shall be made with respect to the Series A Preferred Mirror Units.

  • Upon a Dissolution Event, or in the event that any Ares Operating Group entity liquidates, dissolves or winds up, no Ares Operating Group entity may declare or pay or set apart payment on its Junior Units unless the outstanding liquidation preference on all outstanding GP Mirror Units of each Ares Operating Group entity have been repaid via redemption or otherwise.