Unit Sharing definition

Unit Sharing means a service through which a Unit Sharing Lessor makes his/her Shared Unit available for use to a Unit Sharing Lessee as a rented Unit through an application on a mobile or web-based device facilitated by the Unit Sharing Lessor. This definition does not include any personal use of the Unit by the Unit Sharing Lessor for which coverage is available under the Unit Sharing Lessor’s own personal Recreational Trailer And Park Model insurance policy and not excluded under Exclusions – Section 1 – Property Not Insured of same.
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Examples of Unit Sharing in a sentence

  • The Special LTIP Unit Sharing Percentage will equal 10% and the Distribution Participation Date will be the vesting date.

  • For purposes of the allocations set forth in this Section 6.4.A, each issued and outstanding LTIP Unit or Vested Performance Unit will be treated as one outstanding Partnership Common Unit, and each Unvested Performance Unit will be treated as the product of one outstanding Partnership Common Unit times the Performance Unit Sharing Percentage.

  • With respect to the Performance-Based LTIP Units and to the extent provided for in the Partnership Agreement, the Special LTIP Unit Full Distribution Participation Date shall be the Valuation Date; provided that prior to such date, Performance-Based LTIP Units shall be entitled to receive the Special LTIP Unit Sharing Percentage (i.e., ten percent (10%)) of the distributions payable on Units outstanding as of the record date for the quarterly distribution periods occurring during the Performance Period.

  • The holder of such Unvested Performance Units shall be allocated Net Income and Net Loss in amounts per Unvested Performance Unit equal to the amounts allocated per Vested Performance Unit; provided, however, that for purposes of allocations of Net Income and Net Loss pursuant to Sections 6.2.A and 6.2.B, each Unvested Performance Unit shall be treated as a fraction of one outstanding Partnership Common Unit equal to one Partnership Common Unit multiplied by the Performance Unit Sharing Percentage.

  • For purposes of the allocations set forth in this Section 6.3.A, each issued and outstanding LTIP Unit or Vested Performance Unit will be treated as one outstanding Common Unit and each Unvested Performance Unit will be treated as the product of one outstanding Common Unit multiplied by the Performance Unit Sharing Percentage.

  • The Recipient’s LTIP Unit Sharing Percentage (as defined in the Declaration) for each Earned Performance-Based LTIP Unit is set forth on the Schedule attached hereto.

  • Notwithstanding the foregoing, it is understood and agreed that an amendment of the Partnership Agreement in connection with the issuance of any Partnership Equity Securities as provided in this Agreement that effects a proportionate reduction in Investor Group Sharing Ratios, Investor Group Unit Sharing Ratios or Sharing Ratios of the existing Partners will not be considered a material adverse change on any existing Partner.

  • Net Income and Net Loss for each Fiscal Year attributable to allocations from the Fund with respect to Units held by the Partnership, and Net Income and Net Loss generated by the Partnership from the sale or other disposition of Units held by the Partnership and not made at the direction of a Unit Selling Limited Partner pursuant to a Unit Sale Notice for each Fiscal Year shall be apportioned to the Investor Groups in accordance with their respective Investor Group Unit Sharing Ratios.

  • Available Cash attributable to (i) distributions received from the Fund with respect to Units held by the Partnership or (ii) proceeds received from the sale or other disposition of Units held by the Partnership and not made at the direction of a Unit Selling Limited Partner shall be apportioned to the Investor Groups in accordance with their respective Investor Group Unit Sharing Ratios.

  • The AO LTIP Unit Sharing Percentage (as defined in the Partnership Agreement) with respect to the Award AO LTIP Units shall be 10%.