Class C Common Unit definition

Class C Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement and in Section 2 of the Incentive Unit Agreement as being appurtenant to a “Class C Common Unit”.

Class C Common Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Common Units in this Agreement.

Class C Common Unit means a Unit representing a fractional part of the Member Interests of the Members and having the rights and obligations specified with respect to the Class C Units in this Agreement.

Examples of Class C Common Unit in a sentence

• In addition, for each Series B Preferred Unit that is exchanged into an ENLC common unit, an ENLC Class C Common Unit will be canceled.

• For each additional Series B Preferred Unit issued by ENLK in quarterly in-kind distributions, ENLC will issue an additional ENLC Class C Common Unit to the applicable holder of such Series B Preferred Unit.

• The Redemption Right provided to the holders of Class C Common Unit under Section 8.6 shall not apply with respect to Vested LTIP Units unless and until they are converted to Class C Common Units as provided in Section 4.7.

• For the avoidance of doubt, no unrealized loss or Net Loss shall be allocated with respect to a Class B Common Unit or a Class C Common Unit prior to the conversion of such Class B Common Unit or Class C Common Units into a regular Common Unit.

• The terms of the Class C Common Units will be changed, automatically and without further action, on the Class C Conversion Effective Date so that each Class C Common Unit is converted into one Common Unit and, immediately thereafter, none of the Class C Common Units shall be Outstanding.

• Each Class C Common Unit will be entitled to the number of votes equal to the number of Common Units into which a Class C Common Unit is convertible at the time of the record date for the vote or written consent on the matter.

• Except as set forth above or as expressly set forth in the Agreement, each individual Class A Common Unit, Class B Common Unit and Class C Common Unit shall have the same rights and obligations provided under the Agreement.

• Each Class C Common Unit shall automatically convert into one Common Unit (subject to appropriate adjustment in the event of any split-up, combination or similar event affecting the Common Units or other Units that occurs prior to the conversion of the Class C Common Units) effective as of the Class C Conversion Effective Date, without any further action by the holders thereof and without the approval of any Partner.

• Un tel protocole permet d’inclure le comportement d’un agent dans un contexte particulier, auquel il doit se conformer en envoyant des messages cohérents grâce à l’utilisation d’actes de langage adaptés au discours (c’est-à-dire valides à n’importe quel moment de l’exécution du protocole) : le protocole définit les types de messages possibles à chaque instant.

• Each Incentive Unit will correspond to a Class C Common Unit of Holdings (a “Corresponding Holdings Unit”), the aggregate amount of which is specified in the Supplemental Provisions, with the same vesting, forfeiture, and other conditions applicable to the Incentive Units, and subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Holdings, dated as of November 27, 2019 (as may be amended from time to time, the “Holdings LLC Agreement”).

More Definitions of Class C Common Unit

Class C Common Unit means a Class C Common Unit as such term is defined in the LLC Agreement, or any other Unit of the Issuer into which such Class C Common Unit shall be reclassified or changed.

Class C Common Unit means the Company’s Class C Common Units (as defined in the Operating Agreement), as adjusted for any Unit split, Unit dividend or other combination, exchange, conversion, recapitalization, merger, consolidation or reorganization, or, if the Class C Common Units are hereafter changed or exchanged for different Units, interests or securities of the Company, such other Units, interests or securities, and any other Class C Common of the Company hereafter issued.

Class C Common Unit means a Membership Interest having the rights and obligations specified with respect to Class C Common Units in this Agreement. “Closing Price” means, in respect of any class of Non-Managing Member Interests, as of the date of determination, the last sale price on such day, regular way, or in

Class C Common Unit. (each such term as defined in the Company LLC Agreement) and (iii) any Threshold Amount (as such term is defined in the Company LLC Agreement) with respect to each such Company Unit. Schedule 2.5(a) also sets forth the record holders of the Company Units. The Company Units are duly authorized, validly issued and fully paid. The Company Units are the only issued or outstanding Equity Securities of the Company. There is no Indebtedness of any Barteca Entity for which the holders thereof have the right to vote (or any Indebtedness that is convertible into or exchangeable or exercisable for securities having the right to vote) on any matters on which any Unitholder or any holder of Equity Securities of a Barteca Entity may vote. None of the Barteca Entities have any class of Equity Securities that is registered, or is subject to registration, under the Securities Exchange Act of 1934 (the “Exchange Act”) or the Securities Act, and no class of Equity Securities of any Barteca Entity is listed on a national securities exchange. At no time has any class of securities issued by the Barteca Entities been held of record by 500 or more Persons.

Class C Common Unit means a Class C Common Unit as defined in the LLC Agreement.

Class C Common Unit refers to a Common Unit and each Class C Common Unit shall be treated as if it were a Common Unit for all purposes.