Class B LP1 Units definition

Class B LP1 Units means Class B limited partnership units of Limited Partnership 1, which are economically equivalent to Class U Units (subject to certain adjustments) and redeemable for cash or Class U Units, as determined by the General Partner in its sole discretion.
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Class B LP1 Units means class B limited partnership units of Limited Partnership 1, which are economically equivalent to Units (subject to certain adjustments) and redeemable for cash or Units, as determined by the LP General Partner (in its capacity as general partner of Limited Partnership 1) in its sole discretion;
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Examples of Class B LP1 Units in a sentence

  • Transfers of Class A LP1 Units and Class B LP1 Units are generally not permitted subject to limited exceptions, including (i) pursuant to the redemption of the Class B LP1 Units, (ii) transfers from a legal entity to an affiliate, Subsidiary or successor in interest of such entity, and (iii) with the approval of the General Partner.

  • DISTRIBUTION POLICY AND HISTORY General The REIT has adopted a distribution policy, as permitted under the Declaration of Trust, pursuant to which it makes pro rata monthly cash distributions to Unitholders and causes cash partnership distributions to be made to holders of Class B LP1 Units, Class B LP2 Units and GAR B Exchangeable Units (subject to an election by a Unitholder to utilize the Plan as described below).

  • In addition, Blair Welch and Brady Welch, principals of Slate and trustees of the REIT, and Samuel Altman, a trustee of the REIT, directly or indirectly held interests in the general partner interests in SlateU.S. Opportunity (No. 3) Holding L.P., and such general partner interests were exchanged for Class B LP1 Units and Class B LP2 Units pursuant to the transaction.

  • Approve the Council Minutes of the last Regular Council Meeting Approve the Agenda as Presented Approve the payment of Accounts Payable as due and funds available.

  • Brady Welch Burlington, Ontario, CA Age: 48 Status:Non-Independent Trustee Since: February 23, 2012(1) Includes Class U Units and Special Voting Units held by the Manager.(2) Includes 95,731 Class B LP1 Units and 341,573 Class B LP2 Units.(3) Using the March 19, 2018 closing price of SRT.U of $9.60.

  • ELI ERIC retains the right to withdraw User’s access to the Facilities upon breach of any of the provisions of these Terms and Conditions, including non-compliance with any applicable internal policies or regulations of ELI ERIC or the ELI Facilities or other reasonable instructions of ELI ERIC or the ELI Facilities.

  • There are 28,158 Class B LP1 Units (excluding such units held by the REIT or its Subsidiaries) issued and outstanding.

  • So that the greatest economic benefits can be achieved.The Zhongtai securities company often carrys out the following steps to avoid the funds risk: makes a plan for the funds management, strengthens the credit regulation technology for the credit risk, default risk and settlement risk and establishes a risk management committee.

  • Samuel Altman Montreal, Quebec, CA Age: 59 Status: Independent Trustee Since: February 23, 2012(1) Includes 16,895 Class B LP1 Units and 642,341 Class B LP2 Units.(2) Using the March 19, 2018 closing price of SRT.U of $9.60.

  • The Class B LP1 Units are, in all material respects, economically equivalent to the Class U Units on a per unit basis, subject to adjustment in respect of United States corporate income taxes paid by the REIT and/or certain Subsidiaries of the REIT.

Related to Class B LP1 Units

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

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Interests As set forth in the Trust Agreement.

  • Common Units is defined in the Partnership Agreement.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class C Shares means the shares of Class C common stock of the Company.

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

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

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • 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.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).