Example ContractsClausescommon unitsVariants
Common Units
Common Units contract clause examples

Common Shares Amount” shall mean, with respect to any Tendered Units, a number of Common Shares equal to the quotient obtained by dividing # the Cash Amount for such Tendered Units, by # the Market Value of a Common Share calculated as of the date of receipt by the General Partner of a Notice of Redemption for such Tendered Units.

Cash Amount” shall mean, with respect to any Tendered Units, cash in an amount equal to the sum of # the product of # the number of Tendered Units, multiplied by # the Liquidation Preference for a Preferred Unit, plus, # if positive, the product of # the number of Tendered Units, multiplied by # the Liquidation Preference for a Preferred Unit (excluding any accumulated, accrued or unpaid distributions), multiplied by # the quotient obtained by dividing # the amount by which the Market Value of a Common Share, calculated as of the date of receipt by the General Partner of a Notice of Redemption for such Tendered Units, exceeds $50, by # $50.

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