Ownership Unit definition

Ownership Unit means and refer to:
Ownership Unit means, for each Member, that percentage which is obtained by dividing the Membership Units held by a Member by the total of all Membership Units held by all the Members. For the purposes of voting matters, the Manager shall determine each Member’s Ownership Unit as of the Record Date.
Ownership Unit shall have the meaning specified in Section 9.1(a).

Examples of Ownership Unit in a sentence

  • Limitations on Indebtedness Secured by Ownership Unit; Subordination.

  • Limitations on Indebtedness Secured by Ownership Unit; Subordination A.

  • Prior to marketing a BMR Ownership Unit for initial sale, the Project Sponsor shall transmit a copy of the Notice of Special Restrictions (“NSR”), final planning approval, approved floor plans indicating the location of the BMR Units in the building, and final HOA dues for each BMR Unit to MOH, together with a request for determination of initial sales pricing on a form provided by MOH.

  • Applicants must submit a BMR application form and supporting documentation by a specific deadline for each BMR Ownership Unit by a specified deadline for that unit.

  • The following describes the process for applying for and purchasing a BMR Ownership Unit.

  • Buying, owning, and selling an Affordable Below Market Rate (BMR) Ownership Unit differs in many ways from buying, owning, and selling a market rate.

  • Prior to the issuance of the first above grade building permit, the owner shall provide a total cash contribution of $7,500,000.00 towards the purchase of the Affordable Ownership Units, which shall be delivered by way of a credit to the Purchase Price of each Affordable Ownership Unit, the amount of such credit to each Affordable Ownership Unit to be determined by the City.

  • Property, Possession and Ownership Unit – IV: Theories and Concepts of Justicea.

  • They stand as a testament to the power of words in our digital world and the incredible value they can hold.

  • Proposed organized lamellar structure with a highly in-plane ordered structure of both planar and bent polymer backbones.


More Definitions of Ownership Unit

Ownership Unit means and refer to any original lot or group of original lots located within the recorded subdivision of The Properties designed and intended for use and occupancy as a residence by a single family. [Note: Original Bylaws skip (f)]
Ownership Unit means a residential unit with a condominium or other subdivision map allowing units to be sold individually.
Ownership Unit means an undivided 1/52nd ownership interest in a residential condominium unit.

Related to Ownership Unit

  • 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.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Membership Units means membership interests in the Company.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

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

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Voting Share means (i) a Common Share of the Company and (ii) any other share of capital stock of the Company entitled to vote generally in the election of directors or entitled to vote together with the Common Shares in respect of any merger, consolidation, sale of all or substantially all of the Company's assets, liquidation, dissolution or winding up. References in this Agreement to a percentage or portion of the outstanding Voting Shares shall be deemed a reference to the percentage or portion of the total votes entitled to be cast by the holders of the outstanding Voting Shares.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.

  • Unit Share means a Common Share comprising part of each Unit;