Unit Capital definition

Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

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Unit Capital means the aggregate of the monies collected from Unit Holders in respect of the Mutual Fund Scheme(s).

Unit Capital of the Plan means the aggregate of the face value of units issued under the Plan and outstanding for the time being;

Examples of Unit Capital in a sentence

• If there is not sufficient capital associated with the Incentive Distribution Rights to allocate the full Per Unit Capital Amount for an Initial Common Unit to the IDR Reset Common Units in accordance with clause (i) of this Section 5.11(f), the IDR Reset Common Units shall be subject to Sections 6.1(d)(x)(B) and (C).

• In the event that there is not a sufficient Capital Account associated with the Incentive Distribution Rights to allocate the full Per Unit Capital Amount for an Initial Common Unit to the IDR Reset Common Units in accordance with clause (A) of this Section 5.11(f), the IDR Reset Common Units shall be subject to Sections 6.1(d)(x)(B) and (C).

• Notwithstanding any other provision of this Section 6.1, the General Partner shall have the discretion to allocate income, gain, loss and deduction for the taxable year that includes the closing date of the Equity Restructuring Agreement in a manner which is reasonably determined to result in each Unit (including the Units issued pursuant to the Equity Restructuring Agreement) having the same Per Unit Capital Amount.

• For the avoidance of doubt, the reallocation of items set forth in the immediately preceding sentence provides that, to the extent necessary to achieve the Per Unit Capital Amount balances described above, items of income and gain that would otherwise be included in Net Income or Net Loss, as the case may be, for the taxable period in which the Liquidation Date occurs, shall be reallocated from the Unitholders holding Units other than Class B Preferred Units to Unitholders holding Class B Preferred Units.

• Notwithstanding the foregoing, in no event may a holder of Vested LTIP Units convert a number of Vested LTIP Units that exceeds the LTIP Unit Capital Account Limitation.

More Definitions of Unit Capital

Unit Capital of a scheme/plan means the aggregate of the face value of units issued under that scheme/plan and outstanding for the time being.

Unit Capital means the aggregate of the monies collected from Unit Holders in respect of the Mutual Fund Scheme(s). "Unit Certificate" means a Certificate issued to the Applicant under the said Scheme, evidencing the number of Units issued to the person(s) named therein.

Unit Capital means the aggregate of the monies collected from Unitholders in respect of the Scheme(s).

Unit Capital has the meaning set forth in Section 8.1(a).

Unit Capital means the aggregate of the face value of units sold under a unit scheme and not repurchased by the Trust;

Unit Capital means the aggregate of the face value ofunits issued under the scheme and outstanding for thetime being.

Unit Capital means a Unit representing a fractional part of the Partnership Interests and having the rights and obligations specified with respect to the Units (Capital) in this Agreement; it being understood that references to Units (Capital) at any time before the Redesignation Date shall be deemed to refer to Class A Units.