Common use of Conversion of Class D Units Clause in Contracts

Conversion of Class D Units. (i) Any Class D Unit shall be convertible at the sole election of the holder thereof into a Class A Common Unit on a one-for-one basis at any time on or after the fifth anniversary of the Class D Unit Issuance Date by delivery of written notice (the “

Conversion of Class D Units. (i) Any Class D Unit shall be convertible at the sole election of the holder thereof into a Class A Common Unit on a one-for-one basis at any time on or after the fifth anniversary of the Class D Unit Issuance Date by delivery of written notice (the “Class D Unit Conversion Notice”) to the Partnership, setting forth the number of Class D Units held by the holder, the number of Class D Units it is electing to convert, and other applicable information as may be reasonably requested by the Partnership (such date on which a holder elects to convert a Class D Unit, a “Class D Unit Conversion Date”).