Class B Conversion Date definition

Class B Conversion Date means the Class B-1 Conversion Date, the Class B-2 Conversion Date or the Class B-3 Conversion Date, as applicable.

Class B Conversion Date has the meaning set forth in Section 15.04(a).

Class B Conversion Date means: (a) if a Fundamental Change Conversion does not occur prior to the date applicable to a series of Class B Units specified in this clause: (i) with respect to the Class B-1 Units, July 1, 2016; and (ii) with respect to the Class B-2 Units, July 1, 2017; and (b) if a Fundamental Change Conversion occurs at any time, with respect to each series of Class B Units that has not otherwise converted into Common Units prior to the date of the consummation of such Fundamental Change, the date of the consummation of such Fundamental Change.

Examples of Class B Conversion Date in a sentence

• Upon conversion, the rights of the holder of such Class B Units as holder of Class B Units shall cease, including any rights under this Agreement, except such Person shall continue to be a Limited Partner and shall have the right to receive Common Units from the Partnership in conversion for such Class B Units in accordance with this Section 5.13(b), and such Class B Units shall upon the Class B Conversion Date be deemed to be transferred to, and cancelled by, the Partnership.

• Notwithstanding anything to the contrary herein, following the earlier to occur of the applicable Class B Conversion Date or a Change of Control, the holder of a Class B Unit that is entitled to convert but has not converted pursuant to Section 5.10(c) shall have the right to participate in distributions made with respect to Common Units Pro Rata as if each Class B Unit held by such holder were converted into Common Units pursuant to Section 5.10(c) on the Record Date for the applicable distribution.

• The terms of a Class B Unit will be changed, automatically and without further action, on the applicable Class B Conversion Date so that such Class B Unit is converted into a number of Common Units equal to the Conversion Number on such Class B Conversion Date and, immediately thereafter, such Class B Unit shall not be Outstanding; provided, however, that each Converted Common Unit will become Outstanding and will remain subject to the provisions of Section 6.1(d)(x) and Section 6.10.

• Each Outstanding Class B-1 Unit and Class B-2 Unit shall automatically convert into a number of Common Units equal to the Conversion Number on the applicable Class B Conversion Date without any further action by the holders thereof.

• Such a conversion shall be deemed to have been made as of the applicable Class B Conversion Date, and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units as of such date.

More Definitions of Class B Conversion Date

Class B Conversion Date means any Class B Automatic Conversion Date and any other date on which Class B Units are converted into Class A Units in accordance with Section 4.2(c).

Class B Conversion Date is defined in Section 5.13(b).

Class B Conversion Date means the first and the tenth Business Day of each month. “Class B Unitholder” means a holder of a Class B Unit.

Class B Conversion Date means the closing date of the Initial Business Combination.

Class B Conversion Date means, with respect to a Class B Preferred Share, the date that falls two years after the date on which that Class B Preferred Share was issued, provided that, if that day is not a Business Day, the Class B Conversion Date shall be deemed to be the immediately following Business Day;

Class B Conversion Date means July 11, 2017.

Class B Conversion Date means, with respect to a Class B Preferred Share, 30 June 2023, provided that, if that day is not a Business Day, the Class B Conversion Date shall be deemed to be the immediately following Business Day;