Additional GP Units definition

Additional GP Units means 56,122 Notional General Partner Units.
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Additional GP Units has the meaning assigned to such term in the recitals.
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Additional GP Units means 75,000 Notional General Partner Units.
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Examples of Additional GP Units in a sentence

  • The Parties acknowledge that the Partnership has issued the Additional GP Units to the General Partner.

  • The General Partner acknowledges receipt of the Additional GP Units.

  • The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the Additional GP Interest in consideration for a contribution to the Partnership on behalf of the General Partner of a portion of the Subject Interest corresponding to the Additional GP Units.

  • The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the Additional GP Interest in consideration for a contribution to the Partnership on behalf of the General Partner of a portion of the Subject Interest corresponding to the Additional GP Units.Section 2.4 Issuance of Additional GP Units .

  • For the avoidance of doubt, the Parties acknowledge and agree that the Additional LP Units and the Additional GP Units shall not be entitled to any distributions made by the Partnership after the Closing Date that are attributable to any periods prior to the Closing Date.

  • The issuance of the New IDRs, the Initial GP Additional Common Units, the Initial Additional GP Units and the Initial Golar Additional Common Units shall occur simultaneously with the contribution and cancellation of the Old IDRs.


More Definitions of Additional GP Units

Additional GP Units means 82,653 Notional General Partner Units. “ Additional LP Units ” means 1,750,000 Common Units.
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Additional GP Units means the Initial Additional GP Units, the First Earn-Out Additional GP Units and the Second Earn-Out Additional Units.
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Related to Additional GP Units

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • 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.

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

  • 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.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Initial LLC Agreement has the meaning set forth in the recitals to this Agreement.

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

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

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

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

  • Additional Holder shall have the meaning given in Section 5.10.

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

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • 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.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

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

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

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

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;

  • Additional Common Shares means all common stock (including reissued shares) issued (or deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional Common Shares does not include, however, any common stock issued in a transaction described in Sections 2.1 and 2.2 of the Warrant; any common stock Issued upon conversion of preferred stock outstanding on the date of the Warrant; the Shares; or common stock Issued as incentive or in a nonfinancing transaction to employees, officers, directors, or consultants to the Company.

  • Partnership Agreement means that certain First Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of the date hereof, as amended from time to time.

  • 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.