Economic Units definition

Economic Units has the meaning set forth in Section 3.1(a).
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Economic Units. ’ of the Exchange means equal units of limited liability company interest in the Exchange collectively comprising all interests in the profits and losses of the Exchange and all rights to receive distributions from the Exchange as set forth in the Exchange LLC Agreement. See Exchange LLC Agreement § 2.5(a).
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Economic Units has the meaning set forth in Section 2.5(a) hereof.
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Examples of Economic Units in a sentence

  • In July this year, under its ambitious Sagarmala programme, the government announced building 14 CEZs, to be aligned to relevant ports in the maritime states and will house Coastal Economic Units for setting up manufacturing facilities.

  • Each Member shall be a holder of Voting Units and Economic Units.

  • To the extent that any fractional Economic Unit would otherwise be outstanding, the number of Economic Units held by any Member shall be rounded to the nearest whole number, as determined by the Board.

  • For purposes hereof, any allocation of income, loss, gain or any item thereof to a Member pursuant to Section 704(c) of the Code shall affect only its tax basis in its Economic Units and shall not affect its Capital Account.

  • Fall President SCHEDULE A UNIT HOLDERS OWNERSHIP Economic Units Economic Percentage Interest Voting Units Voting Percentage Interest UNIT HOLDERS MX US 2, Inc.

  • Economic Units and Management Units are sometimes referred to collectively herein as “Units.” Holders of Economic Units and Management Units shall be referred to as “Economic Members” and “Management Members,” respectively.

  • Prior to the date hereof, capital contributions totaling $1,000 were made to the Company and 1,000 Economic Units were issued in consideration therefor as set forth in Exhibit A.

  • Economic Units nor Incentive Units shall not be accorded any rights to vote on any matters except as required by the Act; and in such case, only to the extent Members are entitled to such votes.

  • In exchange for each Economic Member’s Capital Contribution to the Company referred to in Section 5.1, the Company shall issue to each Economic Member the number of Economic Units set forth opposite such Economic Member’s name on Exhibit A.

  • The number of outstanding Voting Units shall, at all times, be the same as the number of outstanding Economic Units and the number of outstanding Voting Units shall be automatically adjusted as necessary upon any change in the number of outstanding Economic Units in accordance with the provisions of Section 7.3(g)(ii).


More Definitions of Economic Units

Economic Units are the units in the Company which are used to calculate the Membership Interest and voting rights of each Member. The Company will initially have one class of Economic Units and is authorized to issue different classes of Economic Units that may be treated differently in the allocation of profits, losses, distributions and voting rights.
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Economic Units means, as at any applicable date, (A) the units of membership equity in BIG owned by Xxxxxxxx and (B) the units of membership equity owned by Hightimes in BIG Merger Sub, each of which are used to calculate Membership Interest and voting rights of the applicable Member; and the term “BIG Membership Interests” or “BIG Merger Sub Membership Interests” shall mean, with respect to Xxxxxxxx as of any date, the 100% economic interest of such Member in BIG and, with respect to Hightimes as of any date, the 100% economic interest of such Member in BIG Merger Sub, including any and all benefits to which the applicable Member may be entitled as provided in the BIG Operating Agreement, the BIG Merger Sub Operating and in this Agreement, together with all obligations of such Member to comply with the terms and provisions of this Agreement;
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Related to Economic Units

  • Common Units is defined in the Partnership Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Membership Units means membership interests in the Company.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B Units means the Class B Units of the Company.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Company Units has the meaning set forth in the Recitals.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Class C Units means the Class C Units of the Company.

  • Membership Interests has the meaning set forth in the recitals.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class A Common Units means the Company's Class A Common Units.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Voting Units means collectively, the Units and Special Voting Units;