Class B LP Units definition

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.

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Class B LP Units means the Class B limited partnership units of the Partnership; “Class B Units” means the Class B limited partnership units of the Operating LP;

Class B LP Units means a unit of interest in the LP designated as a Class B LP Unit and having the rights and attributes described in the Limited Partnership Agreement with respect thereto, including the right of a holder to exchange such unit for a Unit.

Examples of Class B LP Units in a sentence

Such Class B LP Units and shares of Class B Common Stock shall be issued by Hostess Holdings and Gores Holdings, respectively, to the Chairman on the Effective Date.
The Chairman acknowledges that the shares of Class A Common Stock, Class B Common Stock and/or Class B LP Units acquired or to be acquired pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any state or foreign securities laws.
In consideration of the services rendered by the Chairman pursuant to this Agreement, (a) the Company shall provide the Chairman with an annualized base salary of $30,000, payable in accordance with the Company’s normal payroll practices, and (b) Hostess Holdings shall issue to the Chairman 2,496,000 fully vested Class B LP Units and Gores Holdings shall issue to the Chairman 2,496,000 fully vested shares of Class B Common Stock, par value $0.0001 per share, of Gores Holdings (“Class B Common Stock”).
As of the close of business on April 19, 2017, an aggregate of 67,088,022 Trust Units were issuable upon the exchange or conversion of the Class B LP Units and such Trust Units, upon issuance, will be validly issued and outstanding as fully paid and non-assessable units, and will not have been issued in violation of any pre-emptive rights or other contractual rights to purchase securities granted by the Trust or arising under any applicable Law.
References in this Agreement to “Units” (including the “Seller’s Units”) includes both Trust Units and Class B LP Units and any units or securities into which the Trust Units of the Fund or Class B LP Units may be reclassified, subdivided, consolidated or converted and any rights and benefits arising therefrom, including any distributions of securities which may be declared in respect of the Units (other than permitted distributions).

More Definitions of Class B LP Units

Class B LP Units means the Class B limited partnership units in the Partnership issued from time to time in accordance with the Partnership Agreement and having the rights, privileges, restrictions and conditions set out in the Partnership Agreement;

Class B LP Units means the class B limited partnership units of BTB LP, which are exchangeable for Units on a one for one basis.

Class B LP Units means the Class B limited partnership units in the capital of PROREIT LP, and “Class B LP Unit” means any one of the foregoing.

Class B LP Units means, collectively, the Class B LP limited partnership units of the Limited Partnerships, including the Office I LP Class B LP Units and the Office II LP Class B LP Units.

Class B LP Units means the non-voting class B limited partnership units of ERES LP, which are exchangeable for Units of the REIT pursuant to the terms of the ERES LP Agreement;

Class B LP Units means the Class B LP1 Units and the Class B LP2 Units.

Class B LP Units means the Office I LP Class B LP Units and the Office II LP Class B LP Units.