Remaining Units definition

Remaining Units shall have the meaning as set forth in Section 6.2(b).

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Remaining Units means the 66,666,666 Class B Units as referenced in the Unit Purchase Agreement, as if such Class B Units were issued and Outstanding on the Purchaser Class B Initial Funding Date and as such Class B Units are adjusted over time ending on the Purchaser Class B Final Funding Date pursuant to Sections 5.12(b)(ii) and 5.12(b)(ix). The purchase price for each Purchaser Class B Unit shall be the Class B Issue Price regardless of the number of Class B Units actually issued.

Remaining Units means the difference between 25% of the outstanding Units and the number of Units purchased pursuant to the Offer and/or owned by the Standstill Parties as of the Expiration Date.

Examples of Remaining Units in a sentence

• Each Series A Member may exercise such purchase option and purchase all or any portion of his, her or its pro rata share of the Remaining Units (a “Participating Series A Member” for the purposes of Sections 11.7(d) and 11.7(e)), by notifying the Selling Member and the LLC in writing, before expiration of the fifteen (15) day period as to the number of such Units that he, she or it wishes to purchase (the “Participating Series A Member Notice”).

• In the event Selling Member does not consummate the sale or disposition of the Offered Units and Remaining Units within the thirty (30) day period from the expiration of these rights, the LLC’s first refusal rights and the Series A Members’ first refusal rights and co-sale rights shall continue to be applicable to any subsequent disposition of the Offered Units or the Remaining Units by the Selling Member.

• The third party transferee(s) shall acquire the Offered Units and the Remaining Units subject to the rights of first refusal and co-sale rights under this Agreement and other agreement, contract or equity incentive plan that such Offered Units and the Remaining Units are subject prior to such transfer.

• Each Fully Participating Series A Member shall be entitled to apportion Remaining Units to be purchased among its partners and Affiliates (including in the case of a venture capital fund other venture capital funds affiliated with such fund), provided that such Participating Series A Member notifies the Selling Member of such allocation.

More Definitions of Remaining Units

Remaining Units means, with respect to each Member, all New Class A Units held by such Member immediately following the IPO, taking into account all such New Class A Units redeemed by DPA pursuant to the Reorganization Agreement (as defined herein) in connection with the IPO (including New Class A Units that may be exchanged by such Member if the underwriters exercise their over-allotment option in the IPO).

Remaining Units means the units that are not subscribed to under the offering subject matter of these Terms and Conditions.

Remaining Units has the meaning assigned to such term in the Unit Purchase Agreement, as if such Class B Units were issued and Outstanding on the Purchaser Class B Initial Funding Date and as such Class B Units are adjusted over time ending on the Purchaser Class B Final Funding Date pursuant to Sections 5.12(b)(ii) and 5.12(b)(ix). The purchase price for each Purchaser Class B Unit shall be the Class B Issue Price regardless of the number of Class B Units actually issued.

Remaining Units has the meaning ascribed to such term in the recitals to this Agreement.

Remaining Units means at any time, (a) 100,000,000 Class B Units (plus the amount of any Additional Units if the Purchaser exercises the Upsize Option) minus (b) the aggregate number of Class B Units previously sold to and purchased by the Purchaser at the Initial Funding and any previous Follow-on Funding.

Remaining Units has the meaning set forth in Section 9.2(a).

Remaining Units mean the five (5) HVAC units, excluding ducting, identified on the HVAC Unit Depiction as units ▇▇▇, ▇▇▇, ▇▇▇, ▇▇▇ and HP7. The Phase I Units have been replaced by Landlord and the unit identified as HP25 on the HVAC Unit Depiction has been removed (collectively, the “Phase 1 Work”). Landlord has borne the cost of the Phase 1 Work, which cost will not be passed through to Tenant as part of Operating Expenses. Landlord will cause the replacement of the Phase 2 Units. Landlord will use commercially reasonable efforts to cause the replacement of the Phase 2 Units within six (6) months following the Extended Term Commencement Date. The cost of the replacement of the Phase 2 Units will be amortized over their useful life (not less than 18 years) in a commercially reasonable manner Landlord elects (which may include reasonable charges for interest on the unamortized amount, not exceeding 7% per annum) and billed to Tenant outside of Operating Expenses. Tenant shall pay to Landlord such amortized amounts as so billed from time to time concurrently with Tenant’s payments of Tenant’s Percentage Share of Operating Expenses as and when due (and if Landlord elects to estimate Tenant’s Percentage Share of Operating Expenses pursuant to Section 6.3 of the Original Lease, then Tenant’s payments of such amortized amounts shall be paid in monthly installments along with Tenant’s monthly payment of such estimates unless directed otherwise by Landlord). Tenant is obligated to pay one hundred percent (100%) of such amortized amounts falling within the Extended Term as opposed to some lesser Tenant Percentage Share, and such amortized amounts are not subject to any cap, maximum threshold, condition or limitation applicable to capital improvements, Operating Expenses (controllable or otherwise) or otherwise, notwithstanding any provision of the Amended Lease to the contrary. The Remaining Units will be replaced by Landlord if the cost to repair them to working condition is equal to or more than twenty five percent (25%) of the cost to replace the Remaining Units, all as determined by Landlord in a commercially reasonable manner. If Landlord replaces the Remaining Units, Landlord shall defer such replacement to sometime during calendar year 2019, and the cost of replacement will be passed through to Tenant as part of the Operating Expenses attributable solely to the Building without any cap, maximum threshold, condition or limitation applicable to capital improvements, Operating...