Class C Unit definition

Class C 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 Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

Class C Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class C Units in this Agreement.

Class C Unit means any Partnership Unit that is specifically designated by the General Partner as being a Class C Unit.

Examples of Class C Unit in a sentence

• Each Class C Unit that has satisfied the Class C Units Performance Condition shall be treated in the same manner as a Profits Interest Unit which has no separate class designation with all of the rights, privileges and obligations attendant thereto and all references to Profits Interest Units in this Agreement shall refer equally to Class C Units.

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

• The minimum initial and subsequent investment amounts are reported in the following table: The initial offering price shall be of 100 EUR per Class C Unit and Class I Unit.

• Under certain circumstances set forth in the HLA LLC Agreement, a Class B Unit may be converted into a Class C Unit.

• A Unitholder holding a Class C Unit that has converted into a Common Unit pursuant to Section 5.12 shall not be issued a Unit Certificate pursuant to Sections 4.1 or 5.12(g), and shall not be permitted to transfer such Common Units until such time as the General Partner determines, based on advice of counsel, that the converted Class C Unit should have, as a substantive matter, like intrinsic economic and federal income tax characteristics of an Initial Common Unit.

More Definitions of Class C Unit

Class C Unit does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

Class C Unit. The Partnership Interest held by the Class C Limited Partner, each full Class C Unit representing a $2,500 Capital Contribution.

Class C Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class C Unit as provided in this Agreement.

Class C Unit means any Unit classified as such pursuant to the provisions of this Agreement.

Class C Unit means a Class C unit of member interest in Atlas Energy.

Class C Unit shall have the meaning set forth in Section 3.01(a).

Class C Unit means an ownership interest in the Company representing a Capital Contribution made as provided in Section 4.1 in consideration of Units that have been classified into Class C Units, including all benefits to which the holder of such Class C Units may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.