Normal Unit definition

Normal Unit means the collective rights and obligations of a Holder of a Normal Units Certificate in respect of a Capital Security or the appropriate Treasury Consideration, as the case may be, subject in each case to the Pledge thereof, and the related Purchase Contract.
Sample 1Sample 2Sample 3
Normal Unit means the collective rights and obligations of a Holder of a Normal Units Certificate in respect of a 1/40 undivided beneficial interest in a Note in the original principal amount of $1,000 or the Treasury Consideration, as the case may be, subject in each case to the Pledge thereof, and the related Purchase Contract.
Sample 1Sample 2Sample 3

Examples of Normal Unit in a sentence

  • The Company may cause to be made in any Normal Unit Certificates thereafter to be issued such change in phraseology and form (but not in substance) as may be appropriate to reflect the substitution of the Treasury Portfolio for Notes as collateral.

  • In the absence of specific instructions from the Holder of a Normal Unit, the Agent shall abstain from voting the Pledged Note underlying such Normal Unit.

  • The Treasury Portfolio will be substituted for the Pledged Notes, and will be pledged to the Collateral Agent in accordance with the terms of the Pledge Agreement to secure the obligation of each Holder of a Normal Unit to purchase the Common Stock under the Purchase Contract constituting a part of such Normal Unit.

  • The Notes are issuable only in registered form without coupons, in denominations of $1,000 and any integral multiple thereof except that an interest in a Note held as part of a Normal Unit represents an ownership interest of 1/40th, or 2.5%, of a Note in aggregate principal amount of $1,000 and will therefore correspond to the stated amount of $25 per Normal Unit.

  • Each Holder of a Normal Unit or a Stripped Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for federal, state and local income and franchise tax purposes of (i) the related Notes or the appropriate Treasury Consideration, in the case of the Normal Units, or (ii) the Treasury Securities, in the case of the Stripped Units.

  • Pursuant to the Pledge Agreement, the Note or the appropriate Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio, as the case may be, constituting part of each Normal Unit evidenced hereby has been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising a part of such Normal Unit.

  • In the absence of specific instructions from the Holder of a Normal Unit, the Purchase Contract Agent shall abstain from voting the Pledged Note underlying such Normal Unit.

  • The Treasury Portfolio will be substituted for the Pledged Notes, and will be pledged to the Collateral Agent in accordance with the terms of the Pledge Agreement to secure the obligation of each Holder of a Normal Unit to purchase the Ordinary Shares under the Purchase Contract constituting a part of such Normal Unit.

  • Each Normal Unit will have a stated amount of $25 (the "Stated Amount").

  • Each Holder of a Normal Unit, by its acceptance thereof, further covenants and agrees to treat the Notes as indebtedness of the Company for federal, state and local income and franchise tax purposes.


More Definitions of Normal Unit

Normal Unit means the rights to purchase Common Stock under a Purchase Contract, together with ownership of the QUIPS or other Pledged Securities pledged to secure the obligations referred to in (a) and (b) below, subject to (a) the obligations owed to the Company under such Purchase Contract, (b) for so long as any Call Options remain exercisable, the obligations owed to the Call Option Holder under a Call Option and (c) the pledge arrangements securing the foregoing obligations; provided, however, that the term "Normal Unit" will not include any Stripped Unit.
Sample 1Sample 2Sample 3
Normal Unit means a unit which is capable of being fitted to the vehicle for normal operation;
Sample 1Sample 2Sample 3
Normal Unit means the collective rights and obligations of a Holder of a Normal Units Certificate in respect of an Applicable Ownership Interest in Senior Notes or an Applicable Ownership Interest in the Treasury Portfolio, as the case may be, subject in each case to the Pledge thereof, and the related Purchase Contract; provided that the appropriate Applicable Ownership Interest in the Treasury Portfolio (as specified in clause (ii) of the definition of such term) shall not be subject to the Pledge.
Sample 1Sample 2
Normal Unit means the rights to purchase Common Stock and receive Contract Fees under a Purchase Contract, together with ownership of the U.S. Treasury Notes Due 2002 pledged to secure the obligations referred to in (a) below, subject to (a) the obligations owed to the Company under such Purchase Contract and (b) the pledge arrangements securing the foregoing obligations;
Sample 1
Normal Unit is a unit with a stated amount of $50 (the "STATED AMOUNT") comprised of (a) a stock purchase contract (a "PURCHASE CONTRACT", and collectively with each other Purchase Contract, the "PURCHASE CONTRACTS") under which (i) the holder of a Normal Unit (a "HOLDER", and collectively with other Holders of Normal Units, the "HOLDERS") will purchase from the Company on August 16, 2006 (the "SETTLEMENT DATE"), for $50 per Normal Unit, a number of shares of common stock, par value $0.01 per share, of the Company (the "COMMON STOCK"), as set forth in the Purchase Agreement (as defined below) and (ii) the Company will pay quarterly contract adjustment payments at the rate of 4.44% of the Stated Amount per year, and (b) a 1/20th undivided beneficial ownership interest in $1,000 principal amount of the Company's Senior Notes due August 16, 2008. Each such ownership interest is referred to herein as a "SENIOR NOTE OWNERSHIP INTEREST" and collectively with each other Senior Note Ownership Interest, the "SENIOR NOTE OWNERSHIP INTERESTS" and such Senior Notes due August 16, 2008 are referred to herein as the "SENIOR NOTES". In accordance with the terms of a Purchase Contract Agreement (the "PURCHASE Agreement") to be dated as of the Time of Delivery (as defined below) between the Company and JPMorgan Chase Bank, as Purchase Contract Agent (the "PURCHASE CONTRACT AGENT"), pursuant to which the Purchase Contracts will be issued, the holders of the Normal Units will pledge all of their respective title, right and interest in and to the Senior Note Ownership Interests constituting part of the Normal Units to JPMorgan Chase Bank, as Collateral Agent (the "COLLATERAL AGENT"), pursuant to a Pledge Agreement (the "PLEDGE AGREEMENT") to be dated as of the Time of Delivery between the Company, the Purchase Contract Agent and the Collateral Agent, to secure the Holders' obligations under the Purchase Contracts. The Purchase Agreement and the Pledge Agreement are herein collectively referred to as the "EQUITY UNIT AGREEMENTS." The Senior Notes will be issued pursuant to the Indenture (the "BASE INDENTURE"), dated as of October 20, 1995 between the Company and JPMorgan Chase Bank (formerly The Chase Manhattan Bank), as indenture trustee (the "TRUSTEE"), as supplemented by the First Supplemental Indenture dated as of December 27, 2000 (the "FIRST SUPPLEMENTAL INDENTURE"), the Second Supplemental Indenture dated as of September 13, 2002 (the "SECOND SUPPLEMENTAL INDENTURE") and the Third ...
Sample 1
Normal Unit has the meaning specified in the Purchase Contract Agreement.
Sample 1

Related to Normal Unit

  • Rental unit means a structure or part of a structure used as a home, residence, or sleeping unit by a single person or household unit, or any grounds, or other facilities or area promised for the use of a residential tenant and includes, but without limitation, apartment units, boarding houses, rooming houses, mobile home spaces, and single and 2-family dwellings.

  • British thermal unit or "Btu" means the amount of heat

  • Service Unit means a standardized measure of consumption, use, generation, or discharge attributable to an individual unit of development calculated in accordance with generally accepted engineering or planning standards for a particular category of capital improvements.

  • Commercial unit means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, as a machine, or a set of articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.

  • Local unit means a county, city, village, or township.

  • Initial Unit Price means (a) with respect to the Common Units and the Subordinated Units, the initial public offering price per Common Unit at which the Underwriters offered the Common Units to the public for sale as set forth on the cover page of the prospectus included as part of the Registration Statement and first issued at or after the time the Registration Statement first became effective or (b) with respect to any other class or series of Units, the price per Unit at which such class or series of Units is initially sold by the Partnership, as determined by the General Partner, in each case adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of Units.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • Work Unit means a specific grouping of employees that offers particular services/programming within or from a worksite where such unit exists.

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • On-premise beer retailer means a beer retailer who is:

  • Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.

  • Cost Share means the member’s financial obligation for a covered service. Depending on the plan type, cost-share may include one or more of the following: deductible, copay, access fee, coinsurance, pharmacy deductible, and precertification charges.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Operating Unit means, for purposes of this part, primary and constituent operating units designated as such in the Department Order Series of the De- partment of Commerce and, in addi- tion, the Office of the Secretary.

  • Kilowatt-hour or “kWh” shall mean three decimal six million (3.6 10E6) Joule

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

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