Option Units definition

Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

Option Units means the Common Units subject to the Over-Allotment Option.

Option Units has the meaning set forth in Article III.

Examples of Option Units in a sentence

• Upon exercise of the Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.

• The Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option.

• Such Option Units shall be identical in all respects to the Firm Units.

• The right to purchase the Option Units, or any portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company.

• If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice.

More Definitions of Option Units

Option Units shall have the meaning ascribed to such term in Section 2.2(a).

Option Units means the Common Units that the Partnership will agree to issue upon exercise of the Underwriters’ Option.

Option Units has the meaning set forth in Section 2.6(a).

Option Units means Units issued under the Over-Allotment Option.

Option Units has the meaning given to it on the first page hereof;

Option Units means the Common Units subject to the Underwriters’ Option.

Option Units shall have the meaning given in the Recitals hereto.