Class A Limited Partnership Interest definition

Class A Limited Partnership Interest means a certain Class of Limited Partnership Interest of the Partnership designated as “Class A Limited Partnership Interests,” having the voting powers and limitations, preferences and relative, participating, optional or other rights, and the related qualifications, limitations or restrictions, set forth in this Agreement.
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Class A Limited Partnership Interest means the Class A limited partnership interest in the Company and any successor common interest in the Company held directly or indirectly by Xxxx X. Xxxxxxxx.
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Class A Limited Partnership Interest. The interest of a Class A Limited Partner in the Partnership.
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Examples of Class A Limited Partnership Interest in a sentence

  • Book value per Class A Limited Partnership Interest at December 31, 1997 was $25.58 and at March 31, 1998 was $23.13.

  • Pursuant to Section 3.03 of this Partnership Agreement there is hereby created and issued a new class of Partnership Interest to be known as the Class A Limited Partnership Interest (the "Class A Interest").

  • The Partnership and the Partners intend that the Class A Limited Partnership Interest and each of the other Interests is a "security" governed by Article 8 of the Delaware Uniform Commercial Code, 6 Del.

  • The Representative Class A Limited Partner, in its capacities both as a Class A Limited Partner and as a GSC Class B Limited Partner, by its execution of this Agreement, shall convert $12,314,523 of the Debentures received by it upon exchange of its Class A Limited Partnership Interest and its Class B Limited Partnership Interest in full into Conversion Shares immediately following the exchange contemplated by Section 3(a) above.

  • Units issuable upon conversion of the Class A Limited Partnership Interest may be increased by up to $17 million in additional Units to reflect the receipt by the Partnership of certain performance fees through March 1998.

  • The Limited Partners shall make Initial Capital Contributions as follows: Class A Limited Partners will be required to contribute at least $50,000 for each Class A Limited Partnership Interest and Class B Limited Partners will be required to contribute at least $5,000 for each Class B Limited Partnership Interest (each a "Commitment" or collectively the "Commitments").

  • The Partnership shall redeem a Class A Limited Partner’s entire Class A Limited Partnership Interest by making a distribution in conformity with Section 6.3 within ninety (90) days after the General Partner receives notice from such Limited Partner.

  • Basic net income per Unit is derived by reducing net income for each year by 1% for the general partnership interest held by the General Partner and dividing the remaining 99% by the weighted average number of Units outstanding during each year, including Units issuable upon conversion of the Class A Limited Partnership Interest.

  • The Partnership Interests held by the Class B Limited Partner are hereby converted into a Class A Limited Partnership Interest and a Class B Limited Partnership Interest, having the Initial Capital Accounts set forth on Schedule A attached hereto and incorporated herein.

  • Subject to the remaining provisions of this Section 11.3 as well as Section 11.4, a Limited Partner may transfer all or any portion of his Class A Limited Partnership Interest, or any of such Limited Partner's rights as a Limited Partner, without the prior written consent of the General Partner.


More Definitions of Class A Limited Partnership Interest

Class A Limited Partnership Interest means that Interest in the Partnership entitled to receive the trailing commission revenues received from certain identified insurance policies in force after March 26, 2008 (the “Future Trails”), and thirty-three and one-third percent (33.33%) of the trailing commission revenues received from certain identified insurance policies in force on or before March 26, 2008 (the "Current Trails") for the one year period subsequent to the date of this Agreement (after which the receipt of income from the Current Trails shall terminate), less expenses of the partnership chargeable to Class A Partnership Interests.
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Class A Limited Partnership Interest means a Partnership Interest held by a Limited Partner other than ProLogis or an Affiliate of ProLogis in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners other than ProLogis or such Affiliate of ProLogis 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 Class A Limited Partnership Interest may be expressed as a number of Partnership Units.
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Class A Limited Partnership Interest means a limited partnership interest in the Partnership entitling the holder thereof to the distributions and allocations set forth in Section 4.2 of this Agreement and to the other rights, preferences, qualifications, privileges and limitations set forth in other provisions of this Agreement specified to be applicable to a Class A Limited Partnership Interest.
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Class A Limited Partnership Interest shall have the meaning ascribed to it in Section 3.1.
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Related to Class A Limited Partnership Interest

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • 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.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

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

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

  • 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.

  • 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).

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of 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.

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

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

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • 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.

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

  • 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”.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.