Examples of Class A Partner in a sentence
The remaining Liquidation Units will be distributed to the Class A Partner.
The Limited Partners may create additional classes of Units provided the terms thereof have no material detrimental effect on the rights of the Class A Partner or the Class B Partners, as the case may be, unless the Class A Partner and the Management Class B Partner have consented in writing to the terms of the additional class of Units.
The limited partnership units of the Partnership held by the Initial Limited Partner which were transferred to the Class A Partner as set out in Recital C are hereby designated as Class A Units.
With respect to any fiscal year in which there is no Distributable Net Cash, the Income for such fiscal year shall be allocated to the General Partner as to 0.01% and to the Class A Partner as to 99.99%.
Each Class A Partner shall, on or before the Due Date, pay to the Company in cash or current funds such Class A Partner’s proportionate share of the amount specified in the Capital Call Notice in accordance with its Percentage Interest.