Class A Preferred Unit definition

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.

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.

• The Class A Preferred Units shall be entitled to the number of votes per Class A Preferred Unit equal to the number of whole Common Units into which one Class A Preferred Unit is then convertible on all matters for which the holders of Units are entitled to vote under the terms of this Agreement and the Act.

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 Preferred Unit with the designations, preferences and relative, participating, optional or other special rights, powers and duties set forth in this Designation.

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 Unit having the rights and obligations specified with respect to a Class A Preferred Unit in this Agreement.

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 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.