Additional Partnership Units definition

Additional Partnership Units shall have the definition assigned to such term in Section 6.3 hereof.
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Additional Partnership Units has the meaning set forth in Section 3.6.
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Additional Partnership Units has the meaning set forth in Section 4.2(a) hereof.
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Examples of Additional Partnership Units in a sentence

  • In the event that the Partnership issues Additional Partnership Units pursuant to the provisions of Article 4 hereof (subject to Section 4.2(c)), the General Partner is hereby authorized to reallocate only the Distributions allocable to Partners other than the Xxxxxxx Limited Partners as necessary or desirable to reflect the issuance of such Additional Partnership Units.

  • Section 5.5 Distributions to Reflect Issuance of Additional Partnership Units.

  • Except as expressly provided to the contrary herein, without the prior consent of each Limited Partner, the General Partner may not admit any additional Partners other than such Substituted Limited Partners as shall be permitted hereunder and may only issue Additional Partnership Units as provided in Section 4.1C.

  • Additional Partnership Units to --------------------------------------------------------------- Limited Partners; Issuance of New Securities by the General Partner.

  • On the Effective Date, the Partnership is being recapitalized so that each Partner will own Partnership Units in the amounts, of the class and with the Capital Accounts set forth on Exhibit A, as the same may be amended from time to time by the General Partner to the extent necessary to accurately reflect sales, exchanges or other Transfers, redemptions, Capital Contributions, the issuance of Additional Partnership Units, or similar events having an effect on a Partner's ownership of Partnership Units.

  • Additional Partnership Units will be issued to STT to account for such additional deemed Capital Contribution.

  • Distributions to Reflect Issuance of Additional Partnership Units..........

  • Distributions to Reflect Issuance of Additional Partnership Units 27 Section 5.08.

  • Section 5.6 Distributions to Reflect Additional Partnership Units.

  • Additional Partnership Units to --------------------------------------------------------------- Limited Partners.

Related to Additional Partnership Units

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

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

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • 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 such Act.

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

  • 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.

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

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • 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.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this 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.

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

  • Initial Limited Partner has the meaning set forth in the Preamble.

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

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

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

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

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

  • 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 Units means the Class B Units of the Company.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • 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.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.