Standby Units definition

Standby Units has the meaning set forth in Section 2.2.
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Standby Units means 2,500,000 Units, unless the Exercise Price is less than the Maximum Exercise Price, in which case it shall be adjusted upward proportionately, based upon the difference between the Maximum Exercise Price less the Exercise Price divided by $.20 and multiplied by 500,000. The number of Standby Units shall never be greater than 3,000,000.
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Standby Units has the meaning set forth in Section 2.2(c). “Subscription Price” means $0.0746 per Standby Unit. “Substituted Purchaser Conditions” means, in respect of an Affiliate of a Standby Purchaser that such Standby Purchaser proposes to be a Substituted Standby Purchaser (the “Proposed Person”) as contemplated in Section 2.2, a Person that satisfies the following conditions:
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Examples of Standby Units in a sentence

  • It is interesting to note that, by August 2002, the troop strength pledged to constitute ECOWAS Standby Units stood at a combined total of some 13 battalions.

  • All representations and warranties of Lorus contained herein or contained in any document delivered pursuant to this Agreement or in connection with the Rights Offering herein contemplated, will survive the completion of the purchase of Standby Units by the Standby Purchaser and will continue in full force and effect for a period of 18 months notwithstanding any investigation, inquiry or other steps which may be taken by or on behalf of the Standby Purchaser.

  • In satisfaction of all or any portion of the Subscription Price payable by the Standby Purchaser and any Substituted Standby Purchaser for the Standby Units, the Standby Purchaser shall have the right to set-off amounts owed by Lorus to the Standby Purchaser on the Closing Date.

  • It will take all action as may be necessary and appropriate so that the Rights Offering, the issuance and sale of the Standby Units and the transactions contemplated in this Agreement will be effected in accordance with Securities Laws.

  • The determination of the number of Standby Units to be purchased by Noble shall be made by the Transfer Agent, acting as Subscription Agent, pursuant to the Subscription Agency Agreement.

  • All representations and warranties of RBC contained herein or contained in any document delivered pursuant to this Agreement or in connection with the Rights Offering herein contemplated, will survive the completion of the purchase of Standby Units by the Standby Purchasers or the Substituted Standby Purchaser(s) and will continue in full force and effect for a period of 18 months notwithstanding any investigation, inquiry or other steps which may be taken by or on behalf of the Standby Purchasers.

  • Emergency Standby Units, and Stationary Gas Turbine Units demonstrated to operate less than 200 hours per calendar year, which have installed and maintained in proper operation a non-resettable engine hour meter.

  • B.C. releases its protected areas strategy and begins land use planning in 4 regions.B.C. introduces its timber supply review process, one of the pillars of sustainable forest management.B.C. releases policies and procedures to double its protected areas by 2000.B.C. creates Tatshenshini-Alsek Provincial Park, which joins with parks in Alaska and the Yukon to form the largest international protected area in the world.

  • Each Standby Purchaser represents and warrants, severally and not jointly, to and with RBC, on its own behalf and also in respect of and on behalf of its Substituted Standby Purchaser, if any, that it and each of its Substituted Standby Purchasers, as applicable, is acquiring the Standby Units as principal and for investment and not with a view to, and has not offered or sold any Standby Units in connection with, the sale or distribution thereof.

  • It will use its commercially reasonable efforts to obtain all necessary consents, approvals or exemptions for the creation, offering and issuance of the Securities in all Qualifying Jurisdictions as contemplated herein and in the Prospectus and the entering into and performance by it of this Agreement (including, for greater certainty and without limitation, the issuance of the Rights and the Shares issuable upon the exercise of such Rights, including the Standby Units).

Related to Standby Units

  • Common Units is defined in the Partnership Agreement.

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

  • Offered Units has the meaning set forth in Section 9.03(a)(i).

  • Company Units has the meaning set forth in the Recitals.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

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

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this 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.

  • Membership Units has the meaning set forth in the Recitals.

  • Trust Units means units of the Trust;

  • 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.

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

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

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

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

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • 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.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

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

  • 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.

  • 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.