Class C Partner definition

Class C Partner means each Partner (including each GP) who has made a Capital Contribution pursuant to Section 6.1(a) hereof and who holds Class C Preferred Units, and any transferee of the foregoing to the extent permitted hereunder, but only so long as any such Person continues in its capacity as a partner in the Partnership. The initial Class C Partners shall be WHGP, Whitehall, Blackstone GP, Xxxxxxxxxx XX, Xxxxx Xxxxxx, Xxxxxx Xxxxxx and Stone Corp.
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Class C Partner. Class C Partner means the holder of a Class C Interest in its capacity as such.
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Class C Partner has the meaning set forth in Section 2.6(b) hereof.
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Examples of Class C Partner in a sentence

  • Transit Signal Priority (TSP) and other active traffic management elements that support bus operations are described in Approach G - Active Traffic Management.Table 5-10.

  • The General Partner shall, for each Fiscal Year and each fiscal quarter, provide to each Partner within sixty (60) days after the end of each Fiscal Year or fiscal quarter, as applicable, a written report setting out the amount of distributions payable to the Class B Limited Partner and the Class C Partner, during such Fiscal Year or fiscal quarter, as applicable, and the basis for calculation of such distributions for the relevant period, including any offsets.

  • The Class C Partner shall be entitled to certain distributions as provided in Section 5.01.B and certain preferential allocations of items of income and gain under Section 6.01.A and Section 6.01.C. The Class C Interest will be subject to the transfer restrictions set forth in Article XI.

  • In the event that any Partner other than the Class B Partner and the Class C Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.

  • At the closing of a sale pursuant to this Paragraph 3(a), the Class B Consideration will be paid prior to any amount being paid to the Class C Limited Partner; provided, however, the Class B Representative may elect by written Notice to the Partnership, to retain Class B Units even though the Class C Partner is being redeemed.

  • The first schedule, attached to the Class C Partner Agreement, shows the value of petitioner’s capital account to be $98,162 on the date petitioner ceased to be a Class B (Capital) partner and became a Class C nonequity partner.

  • At the closing, SPC shall pay the purchase price in immediately available funds, and the Class C Partner shall deliver to SPC an instrument or instruments in form and sub- stance reasonably satisfactory to SPC, assigning the Class C Interest to SPC, free and clear of all liens and encumbrances.

  • The Class C Partner shall (a) have those voting rights required from time to time by applicable law, if any, and (b) have the same voting rights as a holder of Class A Units, with the Class C Interest voting as a single class with the Class A Units and having a vote as if the Class C Partner held three percent (3%) of the combined Class A Units and Class C Interest.

  • Attached to the Class C Partner Agreement was a schedule, dated March 7, 2003, showing petitioner’s capital account balance to be$98,162.

  • As part of that conversion, petitioner and Holland & Knight entered into a Class C Partner Agreement which modified the Partnership Agreement as it affected the rights and 2Pursuant to the Partnership Agreement, Class B (Capital) partners were required to contribute capital to, and maintain a capital account with, Holland & Knight in an amount determined by its managing partner.


More Definitions of Class C Partner

Class C Partner. American Housing. Identified U.S. Housing Partnerships: Essex Apartment Associates L.P., a Virginia limited partnership, and Huntington Associates Limited Partnership, a Maryland limited partnership.
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Class C Partner means a Partner that owns one or more Class C Partnership Units.
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Class C Partner means any Partner named as a Class C Partner of the Partnership on Exhibit A attached hereto and includes any Person admitted as an Class C Partner after the date hereof or a Substitute Class C Partner.
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Related to Class C Partner

  • Class C Member means a Member holding the Class C Ordinary Share.

  • 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.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • 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 Interest Each of the Class B-1 and Class B-2 Interests.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

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

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class B Members means all such Persons.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Class B-1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date, 100% of the Principal Distribution Amount for such Distribution Date if the Class A Certificate Principal Balance and the Class M Certificate Principal Balance, have been reduced to zero and a Stepdown Trigger Event exists, or as long as a Stepdown Trigger Event does not exist, the excess of (1) the sum of (A) the Class A Certificate Principal Balance (after taking into account distributions of the Class A Principal Distribution Amount on such Distribution Date), (B) the Class M-1 Certificate Principal Balance (after taking into account distributions of the Class M-1 Principal Distribution Amount on such Distribution Date), (C) the Class M-2 Certificate Principal Balance (after taking into account distributions of the Class M-2 Principal Distribution Amount on such Distribution Date), (D) the Class M-3 Certificate Principal Balance (after taking into account distributions of the Class M-3 Principal Distribution Amount on such Distribution Date), (E) the Class M-4 Certificate Principal Balance (after taking into account distributions of the Class M-4 Principal Distribution Amount on such Distribution Date, (F) the Class M-5 Certificate Principal Balance (after taking into account distributions of the Class M-5 Principal Distribution Amount on such Distribution Date, (G) the Class M-6 Certificate Principal Balance (after taking into account distributions of the Class M-6 Principal Distribution Amount on such Distribution Date and (H) the Class B-1 Certificate Principal Balance immediately prior to such Distribution Date over (2) the lesser of (A) 86.60% of the Stated Principal Balance of the Mortgage Loans as of such Distribution Date and (B) the excess of the Stated Principal Balance of the Mortgage Loans as of such Distribution Date over the Minimum Required Overcollateralization Amount. Notwithstanding the foregoing, (I) on any Distribution Date prior to the Stepdown Date on which the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates has been reduced to zero, the Class B-1 Principal Distribution Amount will equal the lesser of (x) the outstanding Certificate Principal Balance of the Class B-1 Certificates and (y) 100% of the Principal Distribution Amount remaining after any distributions on such Class A and Class M Certificates and (II) in no event will the Class B-1 Principal Distribution Amount with respect to any Distribution Date exceed the Class B-1 Certificate Principal Balance.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class B-3 Principal Distribution Amount As to any Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, an amount equal to the excess of (1) the sum of (A) the aggregate Certificate Principal Balance of the Senior Certificates (after giving effect to the distribution of the Senior Principal Distribution Amount on such Distribution Date), (B) the Certificate Principal Balance of the Class M-1 Certificates (after giving effect to the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (C) the Certificate Principal Balance of the Class M-2 Certificates (after giving effect to the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (D) the Certificate Principal Balance of the Class M-3 Certificates (after giving effect to the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (E) the Certificate Principal Balance of the Class M-4 Certificates (after giving effect to the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (F) the Certificate Principal Balance of the Class M-5 Certificates (after giving effect to the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (G) the Certificate Principal Balance of the Class M-6 Certificates (after giving effect to the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (H) the Certificate Principal Balance of the Class M-7 Certificates (after giving effect to the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (I) the Certificate Principal Balance of the Class B-1 Certificates (after giving effect to the distribution of the Class B-1 Principal Distribution Amount on such Distribution Date), (J) the Certificate Principal Balance of the Class B-2 Certificates (after giving effect to the distribution of the Class B-2 Principal Distribution Amount on such Distribution Date) and (K) the Certificate Principal Balance of the Class B-3 Certificates immediately prior to such Distribution Date, over (2) the lesser of (A) 94.20% of the Pool Balance as of the last day of the related Remittance Period and (B) the Pool Balance as of the last day of the related Remittance Period minus the OC Floor; provided, however, that after the Certificate Principal Balances of the Senior, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class B-1 and Class B-2 Certificates are reduced to zero, the Class B-3 Principal Distribution Amount for such Distribution Date will equal 100% of the Principal Distribution Amount.

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

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

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Class B-4 Principal Distribution Amount For any Distribution Date, an amount equal to the lesser of (x) the remaining Principal Distribution Amount for such Distribution Date after distribution of the Class A Principal Distribution Amount and (y) the excess, if any, of (a) the sum of (1) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Class A Principal Distribution Amount on such Distribution Date), (2) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the payment of the Class M-1 Principal Distribution Amount on such Distribution Date), (3) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the payment of the Class M-2 Principal Distribution Amount on such Distribution Date), (4) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the payment of the Class M-3 Principal Distribution Amount on such Distribution Date), (5) the Certificate Principal Balance of the Class B-1 Certificates (after taking into account the payment of the Class B-1 Principal Distribution Amount on such Distribution Date), (6) the Certificate Principal Balance of the Class B-2 Certificates (after taking into account the payment of the Class B-2 Principal Distribution Amount on such Distribution Date), (7) the Certificate Principal Balance of the Class B-3 Certificates (after taking into account the payment of the Class B-3 Principal Distribution Amount on such Distribution Date) and (8) the Certificate Principal Balance of the Class B-4 Certificates immediately prior to such Distribution Date, over (b) the lesser of (1) the product of (x) 96.90% and (y) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Due Period), and (2) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Due Period) minus $1,815,756.

  • 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”.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

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

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

  • 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.