Examples of Class A LP Unit in a sentence
Class A LP partners have 20 votes for each Class A LP Unit held, Class B LP and Class D LP partners have one vote for each Class B LP Unit or Class D LP Unit held, respectively, and Class C LP, Class E LP and Class F LP partners have no votes at meetings of the LP.
The Trust will acquire Class A LP Units for the subscription price of one dollar ($1) per Class A LP Unit.
The purpose of the Catch-up Payment is to ensure that distributions on the Class B LP Units are equal to Class A LP Unit distributions, on a per unit basis, which reflect, in part, payments received by the Trust on the Galaxy Notes.
The distributions paid on each REIT Unit have been equivalent to what has been paid in respect of each Class A LP Unit and Class B LP Unit.
On August 29, 2005, Trust purchased a further 280,162 Class A LP Units of Pollard LP (a further 1.2 percent ownership interest).The resulting 26.7 percent interest in Pollard LP entitles Trust to 26.7 percent of the cash distributions of Pollard LP provided that those distributions are at least equal to $0.0792 per Class A LP Unit, per month.
The Maximum Offering amount and the maximum number of Class A LP Units that can be acquired by the Fund will be reduced by $1 for every one (1) Class A LP Unit acquired by OKR ULC.
The Fund will acquire Class A LP Units for the subscription price of one dollar ($1) per Class A LP Unit.
The holders of the Class A LP Units shall have the right to one vote for each Class A LP Unit held in respect of all matters to be decided by the Limited Partners.
Holders of Redeemable LP Units are entitled to receive distributions per Redeemable LP Unit equal to the distributions per Class A LP Unit, Class B LP Unit, Class C LP Unit, Class F LP Unit and Class I LP Unit.
Upon conversion of the Convertible Debentures, the Class C LP Units will automatically adjust such that each Class C LP Unit will receive distributions in the same manner as the distributions are made for a corresponding Class A LP Unit.