Unit Fraction definition

Unit Fraction means the fraction, the numerator of which is the number of Low-Income Units in a building and the denominator of which is the number of Units in such building.

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Unit Fraction means the fraction of a Building devoted to low- income housing, the numerator of which is the number of Low-Income Housing Units in the Building, and the denominator of which is the number of Total Housing Units, whether or not occupied, in the Building.

Unit Fraction. With respect to any Record Holder, a fraction, the numerator of which is the number of Depositary Units and held by such Record Holder as of the date of such determination and the denominator of which is the total number of Depositary Units and Units outstanding as of the date of such determination.

Examples of Unit Fraction in a sentence

• The Formation Units will accumulate and/or participate in regular cash distributions made for Common Partnership Units as set forth in the Partnership Agreement, in accordance with the Formation Unit Fraction set forth on Schedule A.

• The AO LTIP Units will accumulate and/or participate in regular cash distributions made for Common Partnership Units as set forth in the Partnership Agreement, in accordance with the Formation Unit Fraction set forth on Schedule A.

• The Percentage Interest of each Record Holder is equal to the product of (i) ninety-nine percent (99%) multiplied by (ii) the Unit Fraction for such Record Holder.

• Unit Fraction: With respect to any Record Holder, a fraction, the numerator of which is the number of Depositary Units and held by such Record Holder as of the date of such determination and the denominator of which is the total number of Depositary Units and Units outstanding as of the date of such determination.

More Definitions of Unit Fraction

Unit Fraction means the fraction obtained by dividing the number of low-income Units in a building by the total number of Units in the building (whether or not occupied).

Unit Fraction means, with respect to any Unit of an Equipment Group, a fraction the numerator of which is the Unit Cost of such Unit and the denominator of which is the sum of the Unit Costs of all of the Units in such Equipment Group.

Unit Fraction means the fraction, the numerator of which is the number of low-income units in the building, and the denominator of which is the number of residential rental units (whether or not occupied) in such building.