Examples of Class B LP Unit in a sentence
A Special Voting Unit will be issued in tandem with each Class B LP Unit issued.
Each Class B LP Unit and Class D LP Unit is entitled to one special voting unit, which will entitle the holder to receive notice of, attend and vote at all meetings of the Trust.
Each Class B LP Unit is accompanied by a Special Voting Unit, which entitles the holder to receive notice of, attend and vote at all meetings of Unitholders.
Class A LP partners have 20 votes for each Class A LP Unit held, Class B LP and Class D LP partners have one vote for each Class B LP Unit or Class D LP Unit held, respectively, and Class C LP, Class E LP and Class F LP partners have no votes at meetings of the LP.
Each Class B LP Unit is exchangeable for one Unit and has attached one Special Voting Unit of the REIT.