Initial Units definition

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.

Initial Units shall have the meaning set forth in Section 2.1.

Initial Units has the meaning ascribed thereto in the first paragraph of this Agreement;

Examples of Initial Units in a sentence

• In such instances, a CRSPA Initial Unit may participate in subsequent drought response releases regardless of whether it has fully recovered storage following a prior drought response release, but only to the extent that a) water is available at that CRSPA Initial Unit for the drought response operation; and, b) contributions from the other CRSPA Initial Units cannot otherwise protect the Target Elevation at Lake Xxxxxx.

• The Secretary will commence monthly drought operations planning and coordination calls or meetings with the Upper Division States and the Commission to discuss monthly modeling and tracking of hydrology forecasts, system conditions, and status of CRSPA Initial Units; each Party may, in its sole discretion, choose the individuals or entities that will attend.

• For purposes of this Drought Response Operations Agreement “drought response operations” refers to operational adjustments or releases made at or from the CRSPA Initial Unit(s) to minimize the risk of Lake Xxxxxx declining below the Target Elevation, as well as to provide for actions at the CRSPA Initial Unit(s) in subsequent years to recover storage at the same facility/facilities.

• Recovery of storage at the CRSPA Initial Units is essential to any drought response operation.

• Moreover, nothing in this Drought Response Operations Agreement affects or shall be interpreted to affect the obligations that each Party may have related to natural resources at or around the CRSPA Initial Units under applicable law.

More Definitions of Initial Units

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 the First Amended and Restated Agreement.

Initial Units has the meaning given to it above;

Initial Units is defined in the recitals to this Agreement.

Initial Units means the Units sold in the Initial Offering.

Initial Units means, as of the Initial Closing Date, all Units allocated to the Lease SUBI Portfolio as of the Initial Closing Date.

Initial Units means the Units allocated to the Policy which have been classified as Initial Units in accordance with Condition 6.

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