Unit Effective Time definition
Examples of Unit Effective Time in a sentence
Subject to the General Partner determining otherwise or as otherwise may be required under the Code or applicable U.S. Treasury Regulation, the first fiscal period of the Partnership will end on the final day of the fiscal year of Holdings in which the Unit Effective Time occurs.
At the E Unit Effective Time, any then outstanding but unvested Class E Units held by such Class E Holder shall become Vested Class E Units.
For U.S. federal income tax purposes, the Partnership shall be disregarded as separate from Pavonia Limited until the Unit Effective Time (as defined in that certain Agreement and Plan of Merger, to be dated on or about May 28, 2015, by and among Pavonia Limited, Avago Technologies Limited, the Partnership, Avago Technologies Cayman Holdings Ltd., Avago Technologies Cayman Finance Limited, Buffalo CS Merger Sub, Inc., Buffalo UT Merger Sub, Inc.
The provisions of this Section 3 shall be effective immediately prior to the consummation of the initial Public Offering (the "E Unit Effective Time").