Common use of GP Units Clause in Contracts

GP Units. The General Partner’s interest in the Partnership as general partner shall be represented by GP Units. GP Units shall constitute a non-economic interest in the Partnership and shall not receive distributions pursuant to Section 4.1. Except as set forth in Section 8.2(a), the General Partner may not Transfer GP Units, either directly or indirectly, by assignment, merger, consolidation or otherwise. For the avoidance of doubt, the General Partner may hold LP Units its capacity as a Limited Partner of the Partnership.

GP Units. The General Partner’s interest in the Partnership as general partner shall be represented by Class A Units and GP Units. GP Units shall constitute a non-economic interest in the Partnership and shall not receive distributions pursuant to Section 4.14.1(b). Except as set forth in Section 8.2(a), the The General Partner may not Transfer GP UnitsUnits except pursuant to a Liquidity Event described in Section3.6(a)(i), or Class A Units except pursuant to the provisions of Section 3.5, in each case either directly or indirectly, by assignment, merger, consolidation or otherwise. For the avoidance of doubt, the General Partner may hold LP Units its capacity as a Limited Partner of the Partnership.

GP Units. The General Partner’s interest in the Partnership as general partner shall be represented by Class A Units and GP Units. GP Units shall constitute a non-economic interest in the Partnership and shall not receive distributions pursuant to Section 4.14.1(b). Except as set forth in Section 8.2(a), the The General Partner may not Transfer GP UnitsUnits except pursuant to a Liquidity Event described in Section 3.6(a)(i), or Class A Units except pursuant to the provisions of Section 3.5, in each case either directly or indirectly, by assignment, merger, consolidation or otherwise. For the avoidance of doubt, the General Partner may hold LP Units its capacity as a Limited Partner of the Partnership.