Unit Reduction definition

Unit Reduction means an acquisition or a redemption of Units by the REIT. “Units” means (i) the units of the REIT, or (ii) the special voting units of the REIT.
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Unit Reduction means an acquisition or redemption by the Trust of Units which, by reducing the number of Units outstanding, increases the proportionate number of Units Beneficially Owned by any person to 20% or more of the Units then outstanding;
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Unit Reduction means an acquisition or redemption by the Trust of Units which, by reducing the number of Units outstanding, increases the proportionate number of Units Beneficially Owned by any Person to 20% or more of the Units then outstanding.
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Examples of Unit Reduction in a sentence

  • Notwithstanding the provisions of Section 5.4, each distribution that would otherwise be made in respect of any Management Incentive Unit shall be reduced up to the amount of such distribution until the aggregate amount of all reductions made with respect to such Management Incentive Unit equals the Distribution Threshold with respect to such Management Incentive Unit (the “Common Unit Reduction Amount”).

  • The Common Unit Reduction Amount shall be distributed to all holders of Common Units in accordance with Section 5.4(b).

  • Spacing Unit Reduction If at any time or limes the Lessee desires a reduction in the size of the Spacing Unit, the Lessee shall, at its cost, make application for such reduction in the size of the Spacing Unit on the Lands or the Pooled Lands.


More Definitions of Unit Reduction

Unit Reduction means the reduction of any Liquefaction Unit to a level of less than 50% of its liquefaction capacity at any time, subject to ELC’s obligation to use Reasonable Efforts to avoid such reduction.
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Unit Reduction means an acquisition or a redemption of Units by the REIT; and (eee) “U.S. - Canadian Exchange Rate” means, on any date:
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Unit Reduction means an acquisition or redemption by the Fund of Units which, by reducing the number of Units outstanding, increases the proportionate number of Units Beneficially Owned by any Person to 20% or more of the Units or Units then outstanding.
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