Unfunded Status Clause Example with 9 Variations from Business Contracts

This page contains Unfunded Status clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Unfunded Status. The Notional Units constitute an unfunded and unsecured promise of the Partnership to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Units as provided herein. By accepting this grant of Notional Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the Notional Units) against the Partnersh...ip or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More Arrow
Found in CVR Refining, LP contract

Variations of a "Unfunded Status" Clause from Business Contracts

Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date Vesting Date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those con...stituting the Notional Incentive Units) against the Partnership Company or any of its Subsidiaries or Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Subsidiaries or Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. Company. View More Arrow
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date Vesting Date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those CVR... Energy, Inc. Incentive Unit Award – Page 6 constituting the Notional Incentive Units) against the Partnership Company or any of its Subsidiaries or Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Subsidiaries or Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company.21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More Arrow
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date Vesting Date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those con...stituting the Notional Incentive Units) against the Partnership Company or any of its Subsidiaries or Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Subsidiaries or Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company.21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More Arrow
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Phantom Units constitute an unfunded and unsecured promise of the Partnership to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional 5 Phantom Units as provided herein. By accepting this grant of Notional Phantom Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the Notional Ph...antom Units) against the Partnership or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Partnership. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More Arrow
Found in 2 Contracts from 2 Companies
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the... Notional Incentive Units) against the Partnership Company or any of its Affiliates, affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Affiliates. affiliates. The rights of the Grantee 7 (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company.21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More Arrow
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions 7 of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting t...he Notional Incentive Units) against the Partnership Company or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company.21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More Arrow
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Phantom Units constitute an unfunded and unsecured promise of the Partnership to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Phantom Units as provided herein. By accepting this grant of Notional Phantom Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the Notional Phan...tom Units) against the Partnership or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Partnership. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership for all purposes. View More Arrow
Found in 9 Contracts from 3 Companies
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the... Notional Incentive Units) against the Partnership Company or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company. 7 21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More Arrow
Found in CVR ENERGY INC contract
Unfunded Status. The Notional Incentive Units constitute an unfunded and unsecured promise of the Partnership Company to deliver (or cause to be delivered) to the Grantee, subject to the terms and conditions of this Agreement, cash on the applicable vesting date for the applicable portion of such Notional Incentive Units as provided herein. By accepting this grant of Notional Incentive Units, the Grantee understands 6 that this grant does not confer any legal or equitable right (other than those constituting the... Notional Incentive Units) against the Partnership Company or any of its Affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Partnership Company or any of its Affiliates. The rights of the Grantee (or any person claiming through the Grantee) under this Agreement shall be solely those of an unsecured general creditor of the Partnership.18. Company.21. Resolution of Disputes.Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee (in its sole and absolute discretion). Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Partnership Company for all purposes. View More Arrow
Found in CVR Refining, LP contract