Class B Unit Distribution definition

Class B Unit Distribution means any distribution payable to each Class B Unit, determined in accordance with Section 5.2(a).
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Class B Unit Distribution. (d) “Expansion.”
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Class B Unit Distribution has the meaning assigned to such term in Section 5.9(d).
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Examples of Class B Unit Distribution in a sentence

  • Draft and adopted minutes will be treated as confidential by both PIRSA and Board members, and will not be made publicly available, unless directed by the Minister or a Court of Law (and acknowledging that all Pastoral Unit and Board documentation and records can potentially be accessed by the public under the Freedom of Information Act 1991).

  • The proportionate share of each Class B Unit of the amount of such percentage of Class B Unit Distributable Income shall be determined by dividing such amount by the number of issued and outstanding Class B Units on such Class B Unit Distribution Record Date.

  • Commencing with the Class B Unit Issuance Date, the holder of the Class B Units as of an applicable Record Date shall be entitled to receive distributions (each, a “Class B Unit Q uarterly Distribution”) in cash in an amount equal to the Class B Unit Distribution Rate on all Outstanding Class B Units.

  • The Trustees shall, on or before each Class B Unit Distribution Record Date, declare payable, to the Class B Unitholders of record on such Class B Unit Distribution Record Date, such percentage of the Class B Unit Distributable Income for the Class B Unit Distribution Period which includes such Class B Unit Distribution Record Date as the Trustees determine in their discretion.

  • Each Class B Unitholder’s share of such percentage of Class B Unit Distributable Income shall be an amount equal to the proportionate share of each Class B Unit of such percentage of Class B Unit Distributable Income multiplied by the number of Class B Units owned of record by each such Class B Unitholder on such Class B Unit Distribution Record Date.


More Definitions of Class B Unit Distribution

Class B Unit Distribution has the meaning set forth in Section 4.6(a)(2).
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Class B Unit Distribution means any distribution payable to each Class B Unit, determined in accordance with Section 5.2(a). “Conversion Date” means the date that is the earliest of (i) the third anniversary of the initial issuance of Class B Units pursuant to the Unit Purchase Agreement, (ii) the in-service date of an Expansion, and (iii) the date on which the Partnership delivers notice to the holders of the Class B Units that the Class B Units have converted. “Eighty Percent Interest” means Limited Partners holding an aggregate of at least 80% of the outstanding Units, voting as a single class. “Expansion” means any capital expansion of the Bahamas Oil Refining Company International Ltd. facility that increases its design capacity by four million (4,000,000) barrels or more of incremental capacity. “Issue Price” means the price at which a Unit is purchased from the Partnership. Each Unit issued pursuant to the Unit Purchase Agreement shall be treated as having an Issue Price equal to the fair market value of an LP Unit on the date such Unit is issued. Each PIK Unit shall have an Issue Price determined in accordance with Section 4.8(d)(iv). Each PIPE Unit issued
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Related to Class B Unit Distribution

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

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

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero: