Class B2 Units definition

Class B2 Units is defined in Section 3.3.1(c).
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Class B2 Units means the units of the Company designated as Class B2 Units in the Company Operating Agreement.
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Class B2 Units means Class B2 Units issued by the Fund as described in Article 9 of the Management Regulations.
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Examples of Class B2 Units in a sentence

  • Immediately before the close of business on the Class B-2 Conversion Date, the Class B-2 Units shall become convertible at the option of the holder into Common Units on a one-for-one basis.

  • In fact, apart from distinctions related to those specific issues both sets showed significant similarities.

  • The Class B2 Units are intended to be treated for tax purposes as “profits interests” within the meaning of Rev.

  • Distribution Proceeds will be allocated to such Class B2 Unitholder until the aggregate Distribution Proceeds previously distributed to such Class of Unitholder in relation to all prior dispositions and the amount allocated and/or distributed pursuant to this sub-paragraph (i) is equal to the aggregate amount paid up on/contributed towards the respective Class B2 Units; for units which are Lien marked, action for those units will be taken as per terms mentioned in Lien document.

  • No holder of Class B2 Units shall dispose of any Class B2 Units within two years of receipt without the express prior written consent of the General Partner.

  • For the avoidance of doubt, this Section 4.3 shall not alter the Profits Unit Holder’s right to Tax Distributions under Section 4.2. Notwithstanding the other provisions of this Agreement, such Tax Distributions shall be calculated and made by the Partnership by treating all Unvested Class B2 Units as if they were “substantially vested” within the meaning of Treas.

  • Immediately after the Tempo Effective Time, the Units comprise (i) Class A Units, (ii) Class B Units, comprising Class B-1 Units, Class B-2 Units and Class B-3 Units, (iii) Class C Units and (iv) Class Z Units, comprising Class Z-A Units, Class Z-B-1 Units and Class Z-B-2 Units.

  • No Class B2 Limited Partner shall be entitled to participate in any distributions pursuant to Section 4.1 in respect of any of its Class B2 Units prior to the Full Vesting Date of such Class B2 Units (and then shall be entitled to participate in distributions only in respect of any fiscal quarter commencing after the Full Vesting Date).

  • The Partnership and the Partners shall treat each holder of Class B2 Units as a partner for U.S. federal income tax purposes as of the grant date of such holder’s Class B2 Units.

  • The receipt of the Class B2 Units is intended to be treated as a non-taxable event for the Partnership and the holder.


More Definitions of Class B2 Units

Class B2 Units means the Class B2 units of the Partnership to be issued to PDG Hospitality;
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Related to Class B2 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 D Units has the meaning ascribed to such term in the LLC Agreement.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

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

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