Examples of Unit Adjustment Factor in a sentence
In the event the Managing Member purchases Shares, then the Managing Member shall cause the Company to purchase from it an equal number of Membership Units (after application of the Unit Adjustment Factor) on the same terms that the Managing Member purchased such Shares.
The Company shall notify each Non-Managing Member in writing of any change made to the Unit Adjustment Factor within 10 Business Days of the date such change becomes effective.
Nothing herein shall prohibit the General Partner from issuing Units pro rata to the holders of existing Units in lieu of adjusting the Unit Adjustment Factor in connection with a stock split, stock dividend or similar event with respect to the Common Stock.
The General Partner shall notify each Limited Partner (other than any Partner who does not have a Redemption Right) in writing of any change made to the Unit Adjustment Factor within 10 Business Days of the date such change becomes effective.
In the event the General Partner ------------------------- exercises its rights under Article 3 of the Declaration of Trust to purchase Common Shares, then the General Partner shall cause the Partnership to purchase from it an equal number of Partnership Units (after application of the Unit Adjustment Factor) on the same terms that the General Partner purchased such Common Shares.