Class B Common Limited Partner definition

Class B Common Limited Partner means any Person holding Class B Common Units, and named as a Class B Common Limited Partner in Exhibit A attached hereto, as such exhibit may be amended from time to time, any Substituted Limited Partner or Additional Limited Partner, in such Person's capacity as a Class B Common Limited Partner in the Partnership.
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Class B Common Limited Partner means any Person holding Class B Common Units, and named as a Class B Common Limited Partner in Exhibit A attached hereto, as such exhibit may be amended from time to time, any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Class B Common Limited Partner in the Partnership.
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Class B Common Limited Partner means any Limited Partner executing this Agreement as a Class B Common Limited Partner or hereafter admitted to the Partnership as a Class B Common Limited Partner as provided in this Agreement, but does not include any Person who has ceased to be a Limited Partner. The Class B Common Limited Partners, as of the date hereof, are listed on Exhibit A hereto.
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Examples of Class B Common Limited Partner in a sentence

  • Additionally, a Class B Common Limited Partner shall not have any voting rights.

  • Any Preferred Limited Partner or Class B Common Limited Partner shall have the right to substitute a transferee permitted by this Agreement as a Limited Partner in his or her place.

  • In general, a Class B Common Limited Partner may not participate in partnership profits, losses or gains, or participate in distributions from operations or receive tax distributions; however, a participant may participate in liquidating distributions.

  • Any Class B Redemption shall be exercised pursuant to a Notice of Redemption delivered to the Partnership by the Class B Common Limited Partner who is exercising the right (the “Tendering Partner”).

  • Any Class B Redemption shall be exercised pursuant to a Notice of Redemption delivered to the Partnership by the Class B Common Limited Partner who is exercising the right (the "Tendering Partner").

  • Subject to Sections 7.5(a)(ii) and 7.5(e), in addition to the other limitations and restrictions set forth in this ARTICLE 16, no Class B Common Limited Partner shall Dispose of all or any portion of its Partnership Interest that does not qualify as a Terminated Interest subject to the terms of Section 11.3 (the “Offered Interest”) unless such Class B Common Limited Partner (the “Seller”) first offers to sell the Offered Interest pursuant to the terms of this Section 16.7.

  • Upon the consummation of such an initial public offering, the Class A Common Limited Partner Interests and Class B Common Limited Partner Interests shall be converted into units of the MLP having substantially the rights and privileges set forth on Exhibit B hereto.


More Definitions of Class B Common Limited Partner

Class B Common Limited Partner means, as of the Effective Date, each Person contributing a Drever Interest to the Partnership in exchange for a Class B Common Unit pursuant to the Transaction or any other Person admitted pursuant to this Agreement as a Class B Common Limited Partner either in connection with the issuance of a newly-created Class B Common Unit or as a substitute with respect to any transferred Class B Common Unit, each for only so long as such Person remains as a Class B Common Limited Partner in accordance with this Agreement and the Act.
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Class B Common Limited Partner. QSV or any other Person admitted pursuant to this Agreement as a Class B Common Limited Partner either in connection with the issuance of a newly-created Class B Common Unit or as a substitute with respect to any transferred Class B Common Unit, each for only so long as such Person remains as a Class B Common Limited Partner in accordance with this Agreement and the Act.
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Related to Class B Common Limited Partner

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A Common means the Company's Class A Common Stock, par value $.01 per share.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Units means the Class B Units of the Company.

  • Class B Common Shares means shares of Class B Common Stock.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Defaulting Limited Partner has the meaning provided in Section 5.2(c) hereof.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.