Carry Units definition

Carry Units means a “Common Unit” as defined in the Carry LPA.
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Carry Units means the Units having the privileges, preferences, duties, liabilities, obligations and rights specified with respect to “Carry Units” in this Agreement.
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Carry Units means, collectively: the limited partnership interests in respect of Carry Vehicles (together with attendant Carry Points (as defined in the partnership agreement of each Advisory Client)), and the Sponsor Units in the SITE Trusts, as set forth in Part III of Exhibit C.
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Examples of Carry Units in a sentence

  • The Company is hereby authorized to issue an unlimited number of Common Units and an unlimited number of Carry Units, each in the number and at such times as determined by the Board.

  • For the avoidance of doubt, restrictions applicable to the Common Units (as set forth in this Agreement) or Carry Units (as set forth in the Carry LPA) and Class C Shares and Class D Shares (as set forth in the PubCo Charter) shall not apply to Class A Shares or Class B Shares received in respect thereof in connection with an Exchange (or Direct Exchange).

  • The Board shall be comprised of two managers (each, a “Manager” and together, the “Managers”) who shall be elected by the Members holding Carry Units, and who shall initially be TN and HW.

  • The Carry Units are intended to qualify as “profits interests” within the meaning of Internal Revenue Service Revenue Procedures 93-27 and 2001-43, Internal Revenue Service Notice 2005-43, and any future Internal Revenue Service guidance.

  • In the event that the Company issues any new securities (other than Carry Units), each Member shall have the right to purchase such Member’s pro rata portion of such new securities, which pro rata portion shall be determined based on the number of Common Units owned by such Member over the total number of Common Units issued and outstanding, in each case, as of immediately prior to the issuance of the new securities.

  • PubCo and its Subsidiaries (including the General Partner) may, subject to the limitations of this Agreement (including Section 3.4) and the Carry LPA (as applicable) acquire Partnership Interests, Carry Units and Carry GP Units, and shall be entitled to exercise all rights of a Partner relating to such Partnership Interests, Carry Units and Carry GP Units (pursuant to and in accordance with the Carry LPA).

  • The Carry Units issued as of the date hereof shall (a) be fully vested as of the date hereof, (b) have a profits interest hurdle equal to $0.00, and (c) be immediately eligible to participate in distributions pursuant to, and subject to the terms of, this Agreement.

  • As of the date hereof, two Carry Units are issued and outstanding in the amounts set forth on the Members Schedule opposite each Member’s name.

  • Section 6.1. Limited Partners shall vest in their Carry Units (“Vested Percentage”) in the following manner, unless otherwise agreed to in writing by the General Partner, for so long as they remain a Limited Partner; Date Cumulative amount vested January 1, 20 1 50% January 1, 20 2 66.67% January 1, 20 3 83.33% January 1, 20 4 100% 1 3 years following Effective Date.

  • In addition, the Company may reissue Management Carry Units forfeited or repurchased from a terminated Officer or employee of the Company, with the terms of such reissuance, including vesting provisions, determined by the Compensation Committee.

Related to Carry Units

  • 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.

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

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

  • Common Units means common units representing limited partner interests in the Partnership.

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

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

  • 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.

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

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

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

  • 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.

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Common Shares means (x) the Company’s Class B Common shares, $0.002 par value per share, the terms of which may be designated by the board of directors of the Company in a certificate of designations and (y) any share capital into which such preferred shares shall have been changed or any share capital resulting from a reclassification of such preferred shares (other than a conversion of such preferred shares into Common Shares in accordance with the terms of such certificate of designations).

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

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

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

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

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

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

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

  • 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.

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

  • 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.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.