Class B Unit Price definition

Class B Unit Price shall have the meaning specified in Section 2.01(b).

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Class B Unit Price means $57.04.

Class B Unit Price means the amount per Class B Unit each Holder will pay to CPLP to purchase the Purchased Units.

Examples of Class B Unit Price in a sentence

If the transactions of the Class A and Class B Units are linked, then the transaction price shall be based on the linked Class A and Class B Unit Price allocated to the Class A Units and Class B Units according to the percentage of profits and losses allocated by USPB to Class A Units and Class B Units, respectively, under the USPB LLC Agreement, Section 3.6(b).
To effect such automatic exchange, Enerplus shall purchase each Exchangeable Security outstanding immediately prior to the Liquidation Event Effective Time and held by Beneficiaries, and each Beneficiary shall sell the Exchangeable Securities held by such Beneficiary at such time, for a purchase price per Exchangeable Security equal to the Class B Unit Price applicable at that time.
In connection with each exercise of the Exchange Right, Enerplus shall provide to the Trustee an Officer's Certificate setting forth the calculation of the Class B Unit Price for each Exchangeable Security.
The initial Capital Account Balance in respect of each Class B Unit on the date hereof is the Class B Unit Price on such date.
The initial Capital Account balance in respect of each Class B Unit on the ETO Rollup Date was the Class B Unit Price on such date.

More Definitions of Class B Unit Price

Class B Unit Price has the meaning ascribed thereto in the Exchangeable Securities Provisions;

Class B Unit Price means the amount per Class B Unit each Holder will pay to CPLP to purchase the Purchased Units. “Closing Date” means May 22, 2012.

Class B Unit Price means the amount per Class B Unit each Holder will pay to CPLP to purchase the Purchased Units. “Closing Date” means March 19, 2013.

Class B Unit Price shall be $18.71 per Class B Unit.

Class B Unit Price applicable on any date means, for each Class B Unit, an amount equal to the aggregate of: (i) the Exchange Ratio Percentage of the Current Market Price on such date of one Enerplus Unit; plus (ii) an amount equal to the Exchange Ratio Percentage of all cash distributions declared and paid or (where the record date for determining the holders of Enerplus Units entitled to receive such distribution has occurred) declared and unpaid on an Enerplus Unit in respect of which a corresponding cash loan was not made in respect of the Class B Unit; plus (iii) the Exchange Ratio Percentage of the Current Market Price on such date of all Enerplus Units (or fraction thereof) constituting distributions declared and paid or (where the record date for determining the holders of Enerplus Units entitled to receive such distribution has occurred) declared and unpaid on an Enerplus Unit in respect of which a corresponding Subdivision of the Class B Unit was required to be but not made; plus (iv) the Exchange Ratio Percentage of the full value of such other property constituting distributions declared and paid or (where the record date for determining the holders of Enerplus Units entitled to receive such distribution has occurred) declared and unpaid on an Enerplus Unit in respect of which a corresponding non-cash loan was not made in respect of the Class B Unit;

Class B Unit Price shall be equal to (i) (A) the Closing Amount minus (B) the Class A Amount and minus (C) the Series A Amount; multiplied by (ii) the LLC Percentage; divided by (iii) the number of Class B Units outstanding immediately prior to the Closing Date.

Class B Unit Price means the initial price to the public of a Share in an IPO or the price per Share to the equity investors in a Liquidity Event that is a private placement, less a cumulative available discount of up to $3,900,000 for all Class B Limited Partners, applied in accordance with this definition on a pro rata basis. If the initial Liquidity Event is a private placement of equity, to the extent that a Class B Partner retains an equity interest in the Partnership or the Surviving Entity, such Partner will receive an appropriate discount measured by the savings of underwriting costs, if any, arising as a result of such Partner's continued interest. In any IPO, the Class B Partners will receive a discount in computing the amount of continued equity investment equal to (A) such Partner's pro rata share of the initial cumulative available discount of $3,900,000 multiplied by a fraction, the numerator of which is the Class B Limited Partner's Agreed Value after reduction for any distribution in cash previously made from Net Liquidity Event Proceeds, or in the IPO, and the denominator of which is such Partner's initial Agreed Value less (B) the amount of discount previously utilized