Class B Partnership Units definition

Class B Partnership Units means the Partnership Units having the Redemption Rights and the other rights specified in Exhibit D.
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Class B Partnership Units means the Class B Units of the Partnership.
Sample 1
Class B Partnership Units has the meaning set forth in the A&R LPA.
Sample 1

Examples of Class B Partnership Units in a sentence

  • A class of Partnership Units shall be designated as Class B Partnership Units (the "Class B Units"), and 100 shall be the total number of Partnership Units constituting such class.

  • Except as expressly provided herein, Class A Partnership Units and Class B Partnership Units shall entitle the holders thereof to equal rights under this Agreement.

  • The Partnership will issue 3,000 Class B Partnership Units to TBCI, the consideration therefor being TBCI’s obligation, subject to receipt of joint venture consent, to transfer to the Partnership all coal properties comprising the Bullmoose Mine owned by TBCI after completion of reclamation at the Bullmoose Mine.

  • The Company hereby deposits with the Trustees ____ of its Class B Partnership Units ("Partnership Units"; and together, with all dividends and distributions paid with respect to such Partnership Units, and all proceeds of the foregoing and including any assets contributed to the Trust after the date hereof, the "Trust Assets"), which shall become the principal of the Trust to be held, administered and disposed of by the Trustees as provided in this Agreement.

  • Upon satisfaction of the Redemption Amount, the REIT shall acquire the Class B Partnership Units specified in the Redemption Notice and such Units will automatically be converted to Class A Partnership Units and thereafter the REIT shall be treated for all purposes of this Agreement as the owner of such Partnership Units.

  • A Partner may hold both Class A Partnership Units (which represent such Partner's interest in the Partnership as a General Partner) and Class B Partnership Units (which represent such Partner's interest in the Partnership as a Limited Partner).

  • The Senior Notes may have notations, legends or endorsements approved as to form by the Company and required by law, stock exchange rules and agreements to which either of the Company or any Guarantor is subject or usage.

  • The Parties agree and intend that each of the Class A Partnership Units, Class B Partnership Units and Class D Partnership Units shall be treated as equity interests in the Partnership and any return thereon a distributive share of income of the Partnership, in each case for U.S. federal income tax purposes.

  • Pursuant to Section 11.4 of the Agreement, for consideration of Eighty-Seven Thousand Five Hundred Dollars , the receipt and sufficiency of which is hereby acknowledged, I hereby assign said fifty Class B Partnership Units to my son, XXXX X.

  • A Redeeming Partner may not exercise the Redemption Right for less than one thousand (1,000) Class B Partnership Units or, if such Redeeming Partner holds less than one thousand (1,000) Class B Partnership Units, all of the Class B Partnership Units held by such Redeeming Partner.


More Definitions of Class B Partnership Units

Class B Partnership Units means the limited partnership equity interests in the Partnership held by Class B Limited Partners and bearing all of the rights and obligations of the “Class B Partnership Units” provided herein.
Sample 1
Class B Partnership Units means those Partnership Units other than Class A Partnership Units and which represent the Partnership interest of the Limited Partners.
Sample 1

Related to Class B Partnership Units

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

  • 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.

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

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

  • Class A Common Units means the Company's Class A Common Units.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • 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.

  • Common Units means common units representing limited partner interests in the Partnership.

  • 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.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.