Participating Units definition

Participating Units means, as of a particular date, Investor Units and Common Units that are eligible to participate in Distributions pursuant to Section 7.1 or would be eligible to participate if all Available Operating Cash and Available Transaction Cash at such date were distributed pursuant to Section 7.1 on such date.

Participating Units means the Sectional Title Units forming part of the Scheme and leased by the Lessee in terms of this Lease and similar lease agreements from time to time;

Participating Units means, as of any date for which an allocation or distribution is to be made to, or a sale is to be made of Participating Units (a "date of determination"), the sum of:

Examples of Participating Units in a sentence

• U = the number of Participating Units held by the Participating Unitholder as at the Books Closure Date for which such Notice of Election relates.

• This Section will apply only to Persons insured under the Participating Unit's Prior Plan on its termination date.

• References to Dependent used in this section apply only if the Participating Unit's coverage under the policy includes Dependent Insurance.

• BENEFITS FOR A PERSON WHO FAILS TO BE ACTIVELY AT WORK DUE TO DISABILITY The Group Policy will cover, subject to proper premium payments, a Person who:1) was insured under the Prior Plan on its termination date; and2) is not Actively At Work due to Disability or an approved Leave of Absence or temporary layoff on the effective date of the Participating Unit's coverage under the Group Policy.

• Continuity of Coverage will apply to a Person who would not get full coverage under the Group Policy because of the following situations:1) failure of the Person to be Actively At Work due to Disability or an approved Leave of Absence or temporary layoff on the effective date of the Participating Unit's coverage under the Group Policy; or2) a Pre-Existing Condition limitation or exclusion of the Group Policy.

More Definitions of Participating Units

Participating Units means the proportion of unitholding that a Unitholder has elected to participate in the DRP in respect of

Participating Units means those departments or agencies whish adopted this agreement.

Participating Units means the Common Units and the Preferred Units.

Participating Units means 100% of the units of equity of Newco.

Participating Units with respect to a particular Tranche and any distribution in question, means (i) all Common Units attributable to such Tranche, (ii) all Vested Time-Based Profits Interest Units at such time attributable to such Tranche and (iii) all Vested IRR-Based Profits Interest Units at such time attributable to such Tranche.

Participating Units has the meaning given in Section 9.1(b).

Participating Units means the outstanding Company Units, other than the Company Common Units issuable upon conversion of the outstanding Company Series B Preferred Units; provided that, the Participating Units shall include the Company Common Units issuable upon conversion of the outstanding Company Series B Preferred Units if the Aggregate Series B Liquidation Preference is an amount less than the aggregate amount of consideration that would be payable with respect to the Company Series B Preferred Units if such Company Series B Preferred Units converted into Company Common Units in accordance with the Company LLCA immediately prior to the Blocker Mergers Effective Time, as determined by dividing (i) the sum of (A) Merger Consideration plus (B) $180,000,000, which is the aggregate value of all of the Surviving Company RCUs and Surviving Pubco Class A RSRs, if fully vested by (ii) the number of Fully Diluted Company Units, in each case, valuing any securities issued in consideration for the Aggregate Series B Liquidation Preference or the Merger Consideration at the HTP Stock Value.