Unit Split definition

Unit Split has the meaning assigned to such term in Section 2.1.
View Source
Unit Split has the meaning set forth in the recitals.
View Source
Unit Split has the meaning assigned to such term in Section 2.1. “Unrealized Gain” of any item of Partnership property at any time means the excess, if any, of (a) the fair market value of such property at such time (prior to any adjustment to be made pursuant to Section 5.3(d) as of the time) over (b) the Carrying Value of such property as of such time prior to any adjustment to be made pursuant to Section 5.3(d) as of such time.
View Source

Examples of Unit Split in a sentence

  • Notwithstanding anything contained in this Agreement to the contrary, the adjustments required pursuant to the first sentence of Section 6.6(a) in connection with, or as a result of, the Pre-Merger Unit Split shall be made only if the Effective Time of the WPZ Merger shall not have occurred and the 2014 Merger Agreement is terminated.

  • Pursuant to Section 5.14 of the 2014 Merger Agreement, the Pre-Merger Unit Split shall become effective one Business Day prior to the Closing Date (as defined in the 2014 Merger Agreement) of the WPZ Merger.

  • For purposes hereof, a “Specified Rights Agreement” is any Rights Agreement pursuant to which the “Conversion Factor” (or the equivalent) referred to therein is adjusted as the result of the Stock Split and such adjustment is not completely reversed as a result of the Unit Split.

  • The Unit Split was effected in accordance with Section 5.6 of this Agreement, and all such numerical changes are reflected as if the Unit Split had occurred at the beginning of the Partnership’s existence.

  • The provisions of this Section 5.5 are subject to Section 5.5(e) which addresses the effect of the Unit Split.

  • On March 28, 2018, the Units were subdivided on a 1:100 basis (the “Unit Split”), such that each one Unit as constituted prior to the Unit Split represented 100 Units on a post-Unit Split basis.

  • This Amendment shall become effective on the date that the Pre-Merger Unit Split becomes effective, provided that the amendments set forth in Sections 2 and 3 above shall not become effective until the Effective Time of the WPZ Merger.

  • No fractional units shall be issued as a result of the Reverse Unit Split.

  • The Unit Split was effected in accordance with Section 5.12 of this Agreement, and all such numerical changes are reflected as if the Unit Split had occurred at the beginning of the Partnership’s existence.

  • For purposes of this Section 6.1(h), the Pre-Merger Unit Split shall be deemed to have been made to Holders of ACMP Units at the time ACMP irrevocably issues and transfers the ACMP Common Units and ACMP Class B Units for the Pre-Merger Unit Split to the relevant paying agent for the benefit of such Holders.


More Definitions of Unit Split

Unit Split has the meaning assigned to it in Section 6(d) hereof.
View Source
Unit Split has the meaning assigned to such term in Section 16.4(b).
View Source

Related to Unit Split

  • Stock Split means any kind of stock split in relation to the Shares, including a free share distribution to the holders of Shares, a stock dividend or a sub-division of Shares;

  • Recapitalization Agreement shall have the meaning set forth in the Recitals.

  • Reverse Split has the meaning set forth in Section 5.21.

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Unit Shares means the Common Shares comprising part of the Units;