Waiver Unit definition

Waiver Unit. Class 3” “Waiver Unit – Class 4”
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Waiver Unit means a Waiver Unit – Class 1, a Waiver Unit – Class 2, a Waiver Unit – Class 3 and/or a Waiver Unit – Class 4.
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Waiver Unit means a Waiver Unit – Class 1, a Waiver Unit – Class 2, a Waiver Unit – Class 3 and/or a Waiver Unit – Class 4. 15 “Waiver Unit Automatic Conversion Date” has the meaning assigned to such term in Section ‎5.10(b)(v). “Waiver Unit – Class 1” means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to a Waiver Unit – Class 1 in this Agreement, and does not refer to a Common Unit issued upon conversion of a Waiver Unit – Class 1 pursuant to the terms hereof. “Waiver Unit – Class 2” means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to a Waiver Unit – Class 2 in this Agreement, and does not refer to a Common Unit issued upon conversion of a Waiver Unit – Class 2 pursuant to the terms hereof. “Waiver Unit – Class 3” means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to a Waiver Unit – Class 3 in this Agreement, and does not refer to a Common Unit issued upon conversion of a Waiver Unit – Class 3 pursuant to the terms hereof. “Waiver Unit – Class 4” means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to a Waiver Unit – Class 4 in this Agreement, and does not refer to a Common Unit issued upon conversion of a Waiver Unit – Class 4 pursuant to the terms hereof. “Waiver Unit Conversion Notice” has the meaning assigned to such term in Section ‎5.10(b)(v). “Waiver Unit Conversion Notice Date” has the meaning assigned to such term in Section ‎5.10(b)(v). “Waiver Unit Surrender Date” has the meaning assigned to such term in Section ‎5.10(b)(v). “Withdrawal Opinion of Counsel” has the meaning assigned to such term in Section ‎11.1(b). 1.2
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Examples of Waiver Unit in a sentence

  • Part-Time Regular Unit Member Tuition Waiver: Unit members may take courses not to exceed four (4) credit hours per semester and in the summer.

  • Full-Time Regular Unit Member Tuition Waiver: Unit members may take courses not to exceed eight (8) credit hours per semester and in the summer.

  • The “Adjusted Capital Account” of a Partner in respect of a Common Unit, a Waiver Unit or any other Partnership Interest shall be the amount that such Adjusted Capital Account would be if such Common Unit, Waiver Unit or other Partnership Interest were the only interest in the Partnership held by such Partner from and after the date on which such Common Unit, Waiver Unit or other Partnership Interest was first issued.

  • On the six-month anniversary of the applicable Conversion Right Date (the “Waiver Unit Automatic Conversion Date”), subject to the terms of this Section ‎5.10(b)(v), each Waiver Unit in such class not previously converted shall automatically convert into a Common Unit – Class A.

  • Each of the $0.43, $0.46, $0.49 and $0.52 per Common Unit – Class A target thresholds specified under Section ‎5.10(b)(v) as triggering a conversion of any Waiver Unit into a certain number of Common Units – Class A shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section ‎5.8.

  • In addition, each Holder acknowledges and agrees that each certificate representing any Base Common Unit, Waiver Unit, Class B Unit, Registrable Security or other security issued by Partners in respect of any such security shall bear the following restrictive legend: “THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

Related to Waiver Unit

  • NAV per Unit means the NAV of the Company divided by the number of Units then outstanding.

  • New unit means a unit that commences commercial operation on or after November 15, 1990, including any such unit that serves a generator with a nameplate capacity of 25 MWe or less or that is a simple combustion turbine.

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

  • Termination Delivery Unit means one Share or, if the Shares have changed into cash or any other property or the right to receive cash or any other property as the result of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, the Calculation Agent shall determine the composition of such consideration in its sole discretion.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.