AAP Units definition

AAP Units means limited partnership interests in AAP, including AAP Class A Units and AAP Class B Units.
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AAP Units has the meaning set forth in the recitals.
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Examples of AAP Units in a sentence

  • Each of the Existing Owners and the Sellers, on behalf of themselves, GP LLC and AAP, in their capacity as members of GP LLC and in their capacity as holders of AAP Units, and in GP LLC’s capacity as the general partner of AAP, hereby ratifies, authorizes, approves, confirms and consents to, in all respects, the terms and provisions of, and the transactions contemplated by, this Contribution Agreement.

  • Members must have distinguished themselvesscholastically and demonstrate good character and leadership potential.

  • The limited partnership agreement of Plains AAP, L.P. ("AAP") provides that each limited partner of AAP, including KAFU, has the right at any time (without expiration) and from time to time, to exchange (the "Exchange Right") its Class A Units in AAP (the "AAP Units"), along with the associated Class B shares in the Issuer (the "Class B Shares") and GP Units in PAA GP Holdings LLC (the "GP Units") for Class A Shares of the Issuer on a one-for-one basis.

Related to AAP Units

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Units means the Class B Units of the Company.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Membership Units means membership interests in the Company.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Common Units is defined in the Partnership Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Class A Common Units means the Company's Class A Common Units.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Series C Preferred Units shall have the meaning provided in Section 1.