Unit Distribution Right definition

Unit Distribution Right or “UDR” means a distribution made by the Partnership with respect to a Restricted Unit.
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Unit Distribution Right or “UDR” means a distribution made by the Company with respect to a Restricted Unit.
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Unit Distribution Right or “UDR”). Any Unit Distribution Rights payments will be made to the Service Provider in the same form as paid to unitholders on or promptly following the date that the Partnership pays such distribution to unitholders (however, in no event shall the payment be made later than 30 days following the date on which the Partnership pays such distribution to unitholders generally). Notwithstanding the date of payment, the Service Provider will vest in such Unit Distribution Right as of the record date for such distribution. No interest will accrue on any such right between the issuance of the distribution to unitholders generally and the settlement of the Unit Distribution Right.
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Examples of Unit Distribution Right in a sentence

  • No interest will accrue on any Unit Distribution Rights between the issuance of the distribution to Unit holders generally and the settlement of the Unit Distribution Right.

  • Notwithstanding the date of payment, the Service Provider will vest in such Unit Distribution Right as of the record date for such distribution.

  • No interest will accrue on any such right between the issuance of the distribution to unitholders generally and the settlement of the Unit Distribution Right.

  • No interest will accrue on any Unit Distribution Rights owing under this Section 3(c) between the issuance of the distribution to Unit holders generally and the settlement of the Unit Distribution Right.


More Definitions of Unit Distribution Right

Unit Distribution Right or “UDR” means a distribution made by the Partnership with respect to a Restricted Unit. (hh) “Unit” means a common unit of the Partnership.
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Unit Distribution Right or “UDR” means a distribution or dividend made by the Company with respect to a Restricted Unit.
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Unit Distribution Right or “UDR” means a distribution made by the Partnership with respect to a Restricted Unit. (rr) “Withholding Taxes” has the meaning set forth in Section 13.1.
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Unit Distribution Right means a distribution made by the Company with respect to a Restricted Unit.
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Unit Distribution Right or “UDR” means a distribution made by the Partnership with respect to a Restricted Unit. (kk) “Unit” or “Units” means a Common Unit or Common Units of the Partnership.
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Related to Unit Distribution Right

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.