Reinvestment Units definition

Reinvestment Units means those Phantom Units granted in accordance with Section 5(e) that have an aggregate value equal to the Distribution Amount attributable to such Participant on that Distribution Date, determined by dividing the Distribution Amount by the Unit Value on the Distribution Date.
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Reinvestment Units means Class C Units that are issued to the holders of Class C Units in lieu of regular cash distributions pursuant to the Declaration of Trust;
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Examples of Reinvestment Units in a sentence

  • Any Units purchased by Members via the Reinvestment Option shall be considered, for purposes of any Redemption requests, to “tag along” with the original date of purchase of the Units for which the Reinvestment Units are associated.

  • Any Units purchased by Members via the Reinvestment Option shall be considered, for purposes of any Redemption requests, to “tag-along” with the original date of purchase of the Units for which the Reinvestment Units are associated.

  • On any Distribution Date, a Participant shall be deemed to have been granted the Reinvestment Units attributable to his or her Outstanding Phantom Units.

  • The Reinvestment Units attributable to RUs shall be deemed to be RUs and the Reinvestment Units attributable to PUs shall be deemed to be PUs. Reinvestment Units shall have the same Vesting Date and performance requirements as the Phantom Units from which they derive.

  • Any Eligible Unitholder that is a “wholesale client” under section 761G of the Australian Corporations Act warrants and undertakes that it will not acquire any Reinvestment Units for the purpose of selling or transferring them to a “retail” person within Australia within 12 months of the issue of those units.

  • All Reinvestment Units shall, from the date of their issue, rank pari passu with all other fully paid units.

  • All Reinvestment Units allotted to a Unitholder will be recorded on GMT’s register.

  • In some cases it may be necessary to ask a carer or support worker.

  • At the time the price of the Reinvestment Units is set in accordance with Rule 10, the Manager will ensure that it has no information that is not publicly available that would, or would be likely to, have a material adverse effect on the price of the units if it were publicly available.

  • Redemption of Dividend Reinvestment Units (Fractional Units)(a) Investors who wish to exit the Scheme completely and wish to have Redemption proceeds for the Dividend reinvestment Units to be allotted butnot yet credited to their demat account should tick the box, ‘Yes’, in section 8 of the Application Form.(b) The Scheme declares daily Dividend and the same is compulsorily reinvested in the Scheme on daily basis.

Related to Reinvestment Units

  • 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.

  • Reinvestment Notice a written notice executed by a Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through a Subsidiary) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its business.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Reinvestment has the meaning set forth in Section 2.2.

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

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

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

  • Reinvestment Agreement means a guaranteed reinvestment agreement from a bank, insurance company or other corporation or entity, in each case, at the date of such acquisition having a credit rating of at least A-1 from S&P and at least P-1 from Moody’s; provided that such agreement provides that it is terminable by the purchaser, without penalty, if the rating assigned to such agreement by either S&P or Xxxxx’x is at any time lower than such ratings.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Private Placement Units shall have the meaning given in the Recitals hereto.

  • PIPE Investment Amount has the meaning specified in Section 6.16.

  • Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

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

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Common Units is defined in the Partnership Agreement.

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

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

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