Unit Holding definition
Examples of Unit Holding in a sentence
The Granted Units shall be held in such accounts or in such other manner at or with such brokerage firms, stock transfer agents and other institutions as are determined by the Company in its sole and absolute discretion (such accounts or manner, the “Designated Unit Holding Accounts”, and such firms, agents and institutions, the “Designated Unit Holding Firms”).
Without limiting the immediately preceding sentence, the Participant or his or her transferees shall execute and deliver such instructions, confirmations and powers of attorney with respect to the Designated Unit Holding Accounts for purposes consistent with Paragraph 3 above.
The Participant hereby authorizes the Designated Unit Holding Firms, if so instructed by the Company, to sell Granted Units for purposes of covering any such taxes and deliver the proceeds of any such sale to the Company for payment of any such taxes.
Notwithstanding Section 8.8(c)(ii), the price paid for securities of the Unit Holding Company in a transfer to a transferee (other than a Non-Selling Member) will be not lower than the product of (x) the transfer price proposed to the Non-Selling Members in the Interest Notice (assuming that 100% of the Unit Holding Company is being transferred) and (y) the number of Subject Units held by the Unit Holding Company.
The Company and its Affiliates will use Reasonable Best Efforts (x) to effect each Holding Company Exchange in a manner that is tax-free to the Unit Holding Company and the owner of such Unit Holding Company for U.S. federal income tax purposes and (y) not to take any action that would reasonably be expected to cause a Holding Company Exchange not to be treated as a tax-free transaction for U.S. federal income tax purposes.
The purchase price to be received by any Tag-Along Member pursuant to Section 8.9 in a Holding Company Transfer will equal the quotient of (x) the aggregate consideration received for the equity securities of the Unit Holding Company being transferred (assuming that 100% of the Unit Holding Company is being Transferred) divided by (y) the number of Units held by the Unit Holding Company.
Holder shall be entitled to exchange his Statement of Unit - Holding for one or more other Statements of Unit -Holding representin g the aggregate number of Units of the same type PROVIDED that Statement of Unit-Holding shall only be issued in respect of such minimum number of Units as may for the time being generally or otherwise be prescribed in writing by the Fund Manager with the approval of the Trustee.
Every new Statement of Unit -Holding shall be issued in the name of the Unit-Holder of the surrendered Statement of Unit -Holdin g which shall thereafter be cancelled.
Use exact form the tenant applicant has every pet that will live even the rental unit A6 Rental Unit Holding Deposit Agreement SPANISH VERSION.
The Company and its Affiliates will use Reasonable Best Efforts (x) to effect each Holding Company Exchange in a manner that is tax-free to the Unit Holding Company and the owner of such Unit Holding Company for U.S. federal income tax purposes and (y) not to take any action that would reasonably be expected to cause a 1-folding Company Exchange not to be treated as a tax-free transaction for U.S. federal income tax purposes.