P-25 Common Units definition

P-25 Common Units means the number of Common Units that is computed by dividing the P-25 Total Unit Consideration by the Per Unit Value.
Sample 1

Examples of P-25 Common Units in a sentence

  • Upon consummation of the transactions contemplated by this Agreement, Sellers will acquire good and valid title to all of the P-25 Common Units, free and clear of any Liens other than transfer restrictions imposed thereon by securities Laws or arising under the Spectra MLP Partnership Agreement.

  • Immediately prior to Closing, Buyer will have good and valid title to, will hold of record and will own the P-25 Common Units free and clear of any Liens other than transfer restrictions imposed thereon by securities Laws or arising under the Spectra MLP Partnership Agreement.

  • Upon issuance, all of the P-25 Common Units will be duly authorized, validly issued and outstanding, fully paid (to the extent required under the Spectra MLP Partnership Agreement) and nonassessable (subject to Del.

  • Seller acknowledges that such P-25 Common Units have not been registered under federal and state securities Laws and that such P-25 Common Units may not be sold, transferred, offered for 11 sale, pledged, hypothecated or otherwise disposed of unless such transfer, sale, assignment, pledge, hypothecation or other disposition is registered under federal and state securities Laws or pursuant to an exemption from registration under any federal or state securities Laws.

  • Once a Unit vests, the Participant will be entitled to receive a Common Share in its place or, in the Board's discretion, an equivalent amount in cash (or partly in cash and partly in Common Shares).

Related to P-25 Common Units

  • Common Units means common units representing limited partner interests in the Partnership.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Units means the Class B Units of the Company.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Class B Common Shares means (x) the Company’s Class B Common shares, $0.002 par value per share, the terms of which may be designated by the board of directors of the Company in a certificate of designations and (y) any share capital into which such preferred shares shall have been changed or any share capital resulting from a reclassification of such preferred shares (other than a conversion of such preferred shares into Common Shares in accordance with the terms of such certificate of designations).

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • REIT Shares means shares of common stock, $0.01 par value per share, of the Company.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Class A Common Stock means the Class A common stock, par value $0.01 per share, of the Company.