Ordinary Units definition

Ordinary Units means all Units other than Special Units;
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Ordinary Units means Partnership Units that are neither (a) LTIP Units or (b) Partnership Interests issued under Section 4.3 that are specifically designated by the General Partner as being of a specified class other than Ordinary Units.
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Ordinary Units means the Units other than the Carry Units.
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Examples of Ordinary Units in a sentence

  • All Units are Ordinary Units unless otherwise specified in their terms of issue.

  • The Redemption Price for Ordinary Units is the fair value of the Ordinary Units, determined taking into account the rights attaching to any Preference Units (if any) on issue at the time of the redemption of the Ordinary Units.

  • Any distribution to Unit Holders holding Units of any Class other than Ordinary Units must be by payment of cash in accordance with clause 14.

  • The Trustee may satisfy the distribution of a Unit Holder holding Ordinary Units by payment of cash, settlement in kind or transfer of Assets in specie to the Unit Holder.

  • If a redemption of Ordinary Units is satisfied by a transfer of Assets to the Unit Holder in specie, the value of the Assets transferred will be calculated at market value, as determined by the Trustee, and the expenses incurred in transferring the Assets will be borne by that Unit Holder.


More Definitions of Ordinary Units

Ordinary Units has the meaning set forth in the recitals.
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Ordinary Units means each Ordinary Unit consisting of (a) one Ordinary Share and (b) a Warrant to purchase 0.5 Series D Warrant Share.
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Ordinary Units means the ordinary membership interests in the Coop.
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Ordinary Units means the ordinary membership interests in Coop.
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Ordinary Units means fully paid Units but does not include fully paid Series A Class Units, Series B Class Units or Series C Class Units.
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Ordinary Units means the general and the limited partnership interests in the Borrower issued under the Partnership Agreement other than the Class B Units.
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Ordinary Units means Ordinary Units of membership interests in IFH.
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