Class 2 LP Units definition

Class 2 LP Units means the Class 2 limited partnership units of BP Canada LP held by Holdings LP or a permitted transferee.
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Class 2 LP Units means the Class 2 limited partnership units of BP Canada LP.
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Examples of Class 2 LP Units in a sentence

  • The fair value of the Class 2 LP Units is determined by multiplying the issued and outstanding Class 2 LP Units indirectly held by the Fund at the end of the period by the closing price of a Fund Unit on the last business day of the period.

  • The fair value of the Class 2 LP Units is determined using a market approach, which involves using observable market prices for similar instruments.

  • Consequently, the Fund estimated the fair value of Class 1 LP Units at carrying value adjusted for interest rate risk.The fair value of the Class 2 LP Units is determined using a market approach, which involves using observable market prices for similar instruments.

  • Changes in the distribution rates on the Class 1 LP Units and Class 2 LP Units and the yield of the Fund’s Units could materially impact the Fund’s financial position and net income.

  • The Class 2 LP Units have similar cash distribution entitlements to the Class 2 GP Units, which are exchangeable into Units.

  • Consequently, the Fund estimates the fair value of the Class 2 LP Units by multiplying the issued and outstanding number of Class 2 LP Units indirectly held by the Fund at the end of the applicable period by the closing price of the Units at the end of that period (or previous business day, if such day is not a business day).These valuation techniques may not represent the actual value of the Class 1 LP Units and Class 2 LP Units should such units be sold.

  • Top-Line Fund / Increases in Franchise Sales The Fund effectively has the right to receive from BPI and BP Canada LP an amount equal to 5.5% of Franchise Sales (4.0% of which is payable via the Royalty and 1.5% of which is payable as Distribution Income on the Class 1 LP Units and Class 2 LP Units), less the pro rata portion payable to BPI in respect of its retained interest in the Fund.

  • The Class 1 LP and Class 2 LP Units are held indirectly by the Fund and entitle the Fund to a cash distribution equal to 1.5% of franchise sales of Boston Pizza restaurants in the Royalty Pool, less the pro rata portion payable to BPI in respect of its retained interest in the Fund.

  • Changes in the distribution rates on the Class 1 LP Units and Class 2 LP Units and the yield of Fund Units could materially impact BPI’s financial position and net income.

  • The Class 2 LP Units have similar cash distribution entitlements and provisions to the Class 2 GP Units, which are exchangeable into Fund Units.

Related to Class 2 LP Units

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

  • 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.

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

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

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

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

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

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