Class D Common Unit definition

Class D Common Unit means a unit representing a limited partner interest in the Partnership and designated in the Register as a Class D Common Unit, as subdivided, reclassified or otherwise modified from time to time in accordance with this Agreement.

Class D 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 D Common Units in this Agreement.

Class D Common Unit means a Unit having the rights and obligations specified with respect to a “Class D Common Unit” in this Agreement.

Examples of Class D Common Unit in a sentence

• Each Class D Common Unit will automatically convert into one Common Unit in the Issuer on a one-to-one basis on the first business day following the record date for distribution payments with respect to the distribution of the quarter ended March 31, 2015 and has no expiration date.

• As of the Effective Time, each GP Unit held by Artisan Investment Corporation is reclassified as a Class D Common Unit, which Artisan Investment Corporation shall continue to hold in its capacity as a Limited Partner of the Partnership (and Artisan Investment Corporation is hereby admitted to the Partnership as a Limited Partner in respect thereof) as of the effective time of its removal as General Partner.

• Each Class D Common Unit will automatically convert into one Common Unit on a one-to-one basis on the first business day following the record date for distribution payments with respect to the distribution of the quarter ended March 31, 2015 and has no expiration date.

• The generalisation of capitalist production destroys artisanal petty production, while small capitalists cannot withstand the competition of the large, so that `the lower strata of the middle class … sink gradually into the proletariat' (CW6, 491), leading to a progressive polarisation of society into two social classes.`With the development of industry the proletariat not only increases in number; it becomes concentrated in greater masses, its strength grows, and it feels that strength more' (CW6, 492).

• Each Class D common unit ("Class D Common Unit") representing limited partner interests in the Issuer automatically converted into one common unit ("Common Unit") representing limited partner interests in the Issuer on the first business day following the record date for distribution payments with respect to the distribution of the quarter ended March 31, 2015 and had no expiration date.

• Immediately prior to the Merger Effective Time, APAM shall issue to each Class B Common Unit Holder one share of Class B Common Stock for each Class B Common Unit held by such -3- Class B Common Unit Holder and to each Class A Common Unit Holder, Class D Common Unit Holder and Preferred Unit Holder one share of Class C Common Stock for each Class A Common Unit, Class D Common Unit or Preferred Unit held by such Class A Common Unit Holder, Class D Common Unit Holder or Preferred Unit Holder.

More Definitions of Class D Common Unit

Class D Common Unit means the Company’s Class D 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 D 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 D Common Units of the Company hereafter issued.

Class D Common Unit and which shall provide the holder thereof with the rights and obligations specified with respect to a Class D Common Unit in this Agreement.

Class D Common Unit means a Class D-1 Common Unit, a Class D-2 Common Unit, a Class D-3 Common Unit, or any other Unit of any Series of Class D Common Units established in any Class D Common Unit Designation.