Profit Units definition

Profit Units means profits interests or units issued pursuant to the terms of the Company LLC Agreement.

Profit Units means those Class B Units and Class C Units as granted to participants under the HVM Incentive Plan and ESH Manager Plan.

Profit Units means the Class P Incentive Units of Skyline, as defined in the Skyline Operating Agreement.

Examples of Profit Units in a sentence

• All outstanding Class A Units, Class B Units and Profit Units were duly authorized and validly issued and are fully paid and non-assessable (except as such non-assessability may be affected by Sections 18-607 and 18-804 of the DLLCA), and were not issued in violation of any preemptive or other similar rights.

• If cash and property are to be distributed in kind simultaneously, the Partnership shall distribute such cash and property in kind in proportion to each Partner’s Profit Units and Equity Units.

• Notwithstanding the foregoing and other than as provided for by the General Partner in accordance with Section 4.09(i) of the Operating Agreement, if there is Net Income, 50% of such Net Income shall be distributed (a “Mandatory Distribution”) to the Partners in accordance with, and in proportion to, their respective Profit Units or Equity Units, as applicable (but without duplication).

• The number of Class A Units, Class B Units and Profit Units issued and outstanding and record ownership of such Outstanding Company Member Interests, in each case as of the date of this Agreement, are set forth on Company Disclosure Schedule 3.1(b).

• Partnership information, including without limitation Profit Units and Equity Units, shall be kept confidential except as permitted by the General Partner or required to be disclosed by judicial or administrative process or by regulatory authority or other requirement of law (including federal securities laws) or directive of any governmental authority or stock exchange.

More Definitions of Profit Units

Profit Units means for each Limited Partner, the Profit Units indicated in the books and records of the Partnership and/or in such Partner’s Supplementary Agreement.

Profit Units means, with respect to each Member, the Profit Units held by such Member as set forth opposite such Member’s name under the heading “Profit Units” on Schedule A attached hereto.

Profit Units means the Class A Profit Units, the Class B Profit Units and the Class C Profit Units.

Profit Units has the meaning set forth in Section 4.2(a).

Profit Units means the Class A Profit Units, the Class B Profit Units and the Class C Profit Units. “Profit Unit Exchange” has the meaning set forth in Section 6.03(c).

Profit Units means those Units designed with an asterisk on Exhibit A.

Profit Units means the Class A Profit Units, the Class B Profit Units and the Class C Profit Units. “Profit Unit Exchange” has the meaning set forth in Section 6.03(c). “Profit Unit Member” means each Person who holds Profit Units, and any other Person admitted as an additional or substitute Profit Unit