Purchased Units definition

Purchased Units means the number of Common Units equal to the quotient determined by dividing (a) the Purchase Price by (b) the Purchased Unit Price, rounded to the nearest whole Common Unit.
Purchased Units has the meaning specified in Section 2.01.
Purchased Units shall have the meaning set forth in the Purchase Agreement.

Examples of Purchased Units in a sentence

  • The Purchased Units, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein or therein, will be duly and validly issued and fully paid and non-assessable.

  • The Subscriber agrees that the Subscriber will not sell or otherwise transfer the Purchased Units unless they are registered under the Act or unless an exemption from such registration is available.

  • Based in part upon the representations of the Subscriber in this Agreement and subject to the completion of the filings referenced in Section 3.4 below, the Purchased Units will be issued in compliance with all applicable federal and state securities laws.

  • The Subscriber understands and agrees that in addition to restrictions on transfer imposed by applicable Securities Laws, the transfer of the Purchased Units will be restricted by the terms of the Debt Offering Documents.

  • All action on the part of the Company, its members and managers, necessary for the authorization, execution and delivery of this Agreement and the issuance of the Purchased Units, the performance of all obligations of the Company hereunder and thereunder has been taken or will be taken prior to the Closing, and this Agreement constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms.

More Definitions of Purchased Units

Purchased Units means with respect to each Purchaser, the number of Common Units as set forth opposite such Purchaser’s name on Schedule A hereto.
Purchased Units has the meaning specified in the recitals of this Agreement.
Purchased Units means the Series A Preferred Units to be issued and sold to the Purchasers pursuant to the Purchase Agreement.
Purchased Units has the meaning set forth in the Recitals.
Purchased Units has the meaning given to such term in the Common Unit Purchase Agreement.
Purchased Units means 500,000 Units in the capital stock of the Corporation;