Examples of Class B LP Units in a sentence

Holders of the Class B LP Units are entitled to receive distributions when declared by the Partnership equal to the per Unit amount of distributions payable on the Units.
However, Class B LP Units have limited voting rights over the Partnership.
Such redemptions of Class C LP Units (other than upon a change of control of CT REIT) can be settled at the option of the Partnership, in cash or Class B LP Units of equal value.
When calculating diluted FFO and AFFO per unit, management excludes the effect of settling the Class C LP Units with Class B LP Units, which is required when calculating diluted units in accordance with IFRS.
Such payments are made in priority to distributions made to holders of Class B LP Units and units representing an interest in the GP (subject to certain exceptions) if, as and when declared by the Board of Directors of the GP and are payable monthly at an annual distribution rate for each series as set out in the table below.

More Definitions of Class B LP Units

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 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 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.

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