Designation and Number; Definitions Clause Samples
The "Designation and Number; Definitions" clause establishes the formal titles and numbering system for sections within the agreement and provides clear definitions for key terms used throughout the document. Typically, this clause specifies how each section or subsection is labeled for easy reference and includes a glossary or list of defined terms to ensure consistent interpretation. By standardizing terminology and organizational structure, this clause helps prevent misunderstandings and ensures all parties have a shared understanding of the contract's language.
Designation and Number; Definitions. A class of Partnership Units in the Partnership designated as the “CROP LTIP Units” is hereby established, and the number of Partnership Units constituting such class shall not be greater than 2,000,000. Except to the extent a capital contribution is made with respect to a CROP LTIP Unit, each CROP LTIP Unit is intended to qualify as a “profits interest” in the Partnership. The following defined terms used in this Exhibit D shall have the meanings specified below:
Designation and Number; Definitions. A class of Partnership Units in the Partnership designated as the “LTIP Units” is hereby established. Except to the extent a capital contribution is made with respect to an LTIP Unit, each LTIP Unit is intended to qualify as “profits interests” in the Partnership. The number of LTIP Units that may be issued shall not be limited. The following defined terms used in this Exhibit K shall have the meanings specified below:
Designation and Number; Definitions. A class of Partnership Units in the Partnership designated as the “CCOP LTIP Units” is hereby established, and the number of Partnership Units constituting such class shall not be greater than [_____]. Except to the extent a capital contribution is made with respect to a CCOP LTIP Unit, each CCOP LTIP Unit is intended to qualify as a “profits interest” in the Partnership. The following defined terms used in this Exhibit J shall have the meanings specified below:
Designation and Number; Definitions. A class of Partnership Units in the Partnership designated as the “Class A Convertible Common Units” is hereby established. The number of Class A Convertible Common Units that may be issued shall not be limited. The following defined terms used in this Exhibit L shall have the meanings specified below: