Common use of Classification and Conversion of Units Clause in Contracts

Classification and Conversion of Units. (a) The Partnership Interests of the Partners and Assignees are divided into GP Units and LP Units, the GP Units are further divided into Class A Units and Class B Units, and the LP Units are further divided into Class A Units, Class B Units and Class C Units.

Classification and Conversion of Units. (a) The Partnership Interests of the Partners and Assignees are divided into GP Units and LP Units, the GP Units are further divided into Class A Units and Class B Units, and the LP Units are further divided into Class A Units, Class B Units and Class C Units.

Classification and Conversion of Units. (a) The Partnership Interests of the Partners and Assignees are divided into GP Units and LP Units, the GP Units are further divided into Class A Units and Class B Units, and the LP Units are further divided into Class A Units, Class B C Units and Class C Unitssuch series of Tracking Units as shall be created from time to time by the General Partners in accordance with Section 4.2.