Operating Units definition
Examples of Operating Units in a sentence
The Company will have two sub-classes of Override Units: Operating Units and Value Units.
As of the date hereof, the Company has two authorized classes of Interests: Common Units and Override Units (which will consist of either Operating Units or Value Units as described below).
USAID Operating Units (OUs) must adhere to CRM requirements in project/activity design and implementation as required in ADS 201mal, with limited exceptions described in Section 1 of the reference.
Effective Date: 08/24/2018 Competition is not required for agreements with PIOs as designated under this ADS chapter, but the Agency encourages Operating Units to promote competition among implementing partners, including PIOs. Operating Units must not use PIO agreements as a means to avoid or circumvent competition.
The Corporation shall reserve and shall at all times have reserved out of its authorized but unissued Corporation Shares, solely for the purpose of effecting the exchange of Operating Units pursuant to this Agreement, enough Corporation Shares to permit the exchange of the then outstanding Operating Units.