Class A Preferred Unit definition

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Class A Preferred Unit means a Partnership Interest representing a fractional part of the Partnership Interests of all Limited Partners and assignees, and having the rights and obligations specified with respect to a Class A Preferred Unit in this Agreement, including PIK Units, provided that such PIK Units shall be subject to such restrictions as are set forth herein. A Class A Preferred Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

Class A Preferred Unit means a Unit representing a fractional part of the interest of a Unitholder in Profits, Losses and Distributions and having the rights and obligations specified with respect to the Class A Preferred Units in this Agreement.

Examples of Class A Preferred Unit in a sentence

If less than all of the Class A Preferred Units are to be redeemed, the General Partner shall select the Class A Preferred Units to be redeemed pro rata, based on the number of Class A Preferred Units held by each holder, calculated to the nearest whole Class A Preferred Unit.
If less than all of the Class A Preferred Units are to be redeemed on any redemption date, the General Partner shall select the Class A Preferred Units to be redeemed pro rata, based on the number of Class A Preferred Units held by each holder, calculated to the nearest whole Class A Preferred Unit.
Each Class A Preferred Unit shall, upon its Conversion Date, be deemed to be transferred to, and cancelled by, the Partnership in exchange for the issuance of the Common Unit(s) into which such Class A Preferred Unit converted.
Each Class A Preferred Unit is and shall be identical in all respects to every other Class A Preferred Unit.
Class A Preferred Units shall be redeemable by the Partnership in connection with the redemption by the General Partner of the Class A Preferred Stock at a redemption price per Class A Preferred Unit that corresponds with the redemption price of a share of Class A Preferred Stock, all as pursuant to the terms of the General Partner’s charter as of the date hereof.

More Definitions of Class A Preferred Unit

Class A Preferred Unit means a limited partnership interest in the Partnership having the rights, privileges, restrictions and conditions set forth in this Schedule A.

Class A Preferred Unit means a Unit which is designated as a Class A Preferred Unit of limited liability company interest and which has the rights, preferences and other privileges designated herein in respect of Class A Preferred Unitholders. The allocation of Class A Preferred Units among the Members shall be as set forth on Exhibit A, as such Exhibit may be amended from time to time.

Class A Preferred Unit. (each, a "Class A Preferred Unit") as defined in the partnership agreement of Parent attached hereto as Exhibit A (the "Partnership Agreement");

Class A Preferred Unit has the meaning specified in the LLC Agreement.

Class A Preferred Unit means Units designated as such on Exhibit A and having the rights and privileges provided in this Agreement for such class.

Class A Preferred Unit has the meaning set forth in Article 1 of the Third LLC Agreement.

Class A Preferred Unit means a fractional share of the Partnership Interests of all Partners described in Article XVI and issued pursuant to Sections 4.01, 4.03 and 4.04 hereof.