Contribution Units Sample Clauses

The 'Contribution Units' clause defines the method by which ownership interests or shares in a partnership, company, or other entity are measured and allocated among its members. Typically, this clause outlines how units are issued, transferred, or redeemed, and may specify the rights and obligations attached to each unit, such as voting power or entitlement to profits. By clearly establishing the framework for unit allocation and management, the clause ensures transparency in ownership structure and helps prevent disputes over control or profit distribution.
Contribution Units. Each of the Sub-Funds will be notionally divided into units of equal value (each a “Contribution Unit”). The Trustee acknowledges and agrees, without prejudice to the generality of Clause 2.3, that the unitisation of a Sub-Fund is notional only for the limited purpose of determining benefits due under the Policy and any references in the Policy to a “Contribution Unit” and/or the “allocation” and/or “cancellation” thereof, or the “investment” in Contribution Units shall be construed accordingly. The time for allocation or cancellation of a Contribution Unit is the time specified in the entry made in relation to the allocation or cancellation on the records of MPF. MPF must allocate or cancel Contribution Units in accordance with Clauses 8, 9 or 10 and shall not allocate or cancel Contribution Units otherwise under the Policy.
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Contribution Units. Each of the Sub-Funds will be notionally divided into units of equal value (each a “ Contribution Unit”). The Insurer acknowledges and agrees, without prejudice to the generality of Clause 2.2, that the unitisation of a Sub-Fund is notional only for the limited purpose of determining benefits due under the Reinsurance Agreement and any references in the Reinsurance Agreement to a “Contribution Unit” and/or the “allocation” and/or “cancellation” thereof, or the “investment” in Contribution Units shall be construed accordingly. The time fo r allocation or cancellation of a Contribution Unit is the time specified in the entry made in relation to the allocation or cancellation on the records of MPF. MPF must allocate or cancel Contribution Units in accordance with Clauses 8or 9 and shall not allocate or cancel Contribution Units otherwise under the Reinsurance Agreement.
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Contribution Units. Purchaser shall issue and deliver to Seller, and Seller shall receive and acquire 100 units (“Units”) of membership interests in Purchaser (the “Contribution Units”), which Contribution Units shall represent ten percent (10%) of all issued and outstanding membership interests in Purchaser on the Closing Date. The Cash Purchase Price and the Contribution Units are collectively referred to herein as the “Purchase Price.”
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Contribution Units. The Contribution Units have been validly authorized and, when issued to Seller at the Closing as contemplated by this Agreement, will be validly issued and fully paid and constitute 10% of the then issued and outstanding Units.
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Contribution Units. In the event Seller and Seller Principals are unable or unwilling to pay for all Damages in full within 30 days after Purchaser’s right to indemnification of such Damages hereunder accrues and Seller and Seller Principals have notice thereof, Purchaser shall have the right to foreclose upon, and exercise the right to repurchase, redeem and acquire, any and all Contribution Units of Seller and Seller Principals for no additional consideration other than satisfaction of the unpaid Damages, regardless of the amount of unpaid Damages.
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Related to Contribution Units

  • Initial Contribution The member agrees to make an initial contribution to the Company of $ .

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Contribution Rights In order to provide for just and equitable contribution under the Act in any case in which: (i) any person entitled to indemnification under this Section 5 makes a claim for indemnification pursuant hereto but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 5 provides for indemnification in such case; or (ii) contribution under the Act, the Exchange Act or otherwise may be required on the part of any such person in circumstances for which indemnification is provided under this Section 5, then, and in each such case, the Company and the Underwriters shall contribute to the aggregate losses, liabilities, claims, damages and expenses of the nature contemplated by said indemnity agreement incurred by the Company and the Underwriters, as incurred, in such proportions that the Underwriters are responsible for that portion represented by the percentage that the underwriting discount appearing on the cover page of the Prospectus bears to the initial offering price appearing thereon and the Company is responsible for the balance; provided, that, no person guilty of a fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. Notwithstanding the provisions of this Section 5.3.1, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Public Securities underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay in respect of such losses, liabilities, claims, damages and expenses. For purposes of this Section, each director, officer and employee of an Underwriter or the Company, as applicable, and each person, if any, who controls an Underwriter or the Company, as applicable, within the meaning of Section 15 of the Act shall have the same rights to contribution as the Underwriters or the Company, as applicable.