Class A LP Units definition
Examples of Class A LP Units in a sentence
The chairman of any meeting will be a person nominated in writing by the General Partner unless some other person is appointed chairman by a Partnership Special Resolution approved by the holders of Class A LP Units.
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.
The Restructuring Corporation shall take all requisite actions and effect all requisite filings and applications so that its common stock shall be listed on or admitted to trading on the National Securities Exchange on which the Class A LP Units are then listed or admitted to trading, or on another National Securities Exchange as deemed appropriate by the General Partners.
Subject to Section 12.2, Section 12.3 and Section 12.4, this Agreement may be amended only in writing and only with the consent of the holders of Class A LP Units given by a Partnership Special Resolution.
For greater certainty, following such purchase, Trust shall cease to have any further right to receive any declared and unpaid distributions on the Class A LP Units or Class B LP Units.