Class D Limited Partner definition

Class D Limited Partner has the meaning set forth in Section 3.1(f).

Class D Limited Partner means a Partner who owns Class D Interests.

Class D Limited Partner. First Industrial Realty Trust, Inc., a Maryland corporation, in its capacity as a limited partner in the Partnership holding Class D Units.

Examples of Class D Limited Partner in a sentence

• The Partners agree that, if the General Partner determines, in accordance with this Section 3.1(f)(ii), that any Class D Common Unit of a Class D Limited Partner has become economically equivalent to one Class A Common Unit, then such Class D Common Unit will automatically convert into a Class A Common Unit and such Class D Limited Partner shall be a Potential Tag-Along Seller for purposes of Sections 8.5(a) and 8.5(b) with respect to any proposed sale or exchange related to any such determination.

• Simultaneously with the first such issuance to such Class D Limited Partner of Class B Shares, such Class B Limited Partner shall be joined to the Class B Shareholders Agreement.

• No Class D Limited Partner shall be permitted to exchange any Class D Common Unit pursuant to the Exchange Agreement except (i) to the extent that the Class D Common Unit has converted into a Class A Common Unit and satisfies the Book-Up Target at the time of such exchange and (ii) subject to the other terms of this Agreement.

• If a Class D Limited Partner elects to retain any Conversion Class E-2 Common Units in accordance with Section 3.1(e), such Conversion Class E-2 Common Units shall be subject to vesting in accordance with Exhibit E-2 hereto.

• If a Class D Limited Partner delivers a properly completed and executed Election Notice before the close of business on the Conversion Class E-2 Notice Date electing to retain all of his Conversion Class E-2 Common Units, then all of his Conversion Class D Common Units shall be cancelled automatically and he shall retain all of his Conversion Class E-2 Common Units as of the close of business on such date.

More Definitions of Class D Limited Partner

Class D Limited Partner means a Limited Partner whose name and address is set forth on Schedule D-1 hereto and in the books and records of the Partnership as a Class D Limited Partner and whose Capital Contribution is set forth on Schedule D-2 hereto and in the books and records of the Partnership.

Class D Limited Partner s Projected Credit means $249,635 per annum for each of the years 1996 through 1999 (inclusive), $205,500 for 2000 and $50,531 per annum for each of the years 2001 through 2005 (inclusive).

Class D Limited Partner means, after giving effect to the conversion of their Class A Partnership Interest pursuant to Section 3.5, Xxxxx X. Xxxxxx, Xxxx X. Xxxxxx, Xxxxx Xxxxxxxxxx, Xxxx Xxxxxx, Xxxxx X. Xxxxxx, Xxxxx Xxxxxxxx, Xxxxxx X. Xxxx, Xxx X. Xxxxxx, Xxxxxx X. Xxxxx, Xxx Xxxxxx, Xxxx Xxxxxxxx and Xxx Xxxx Xxxxxx, as long as each such party continues as a Class D Limited Partner hereunder,

Class D Limited Partner means Xxxxxxxx XX, L.P. or such other Person as identified by the General Partner to the Collateral Agent in writing as the Class D Limited Partner.

Class D Limited Partner of WROP as defined in the Amended and Restated Limited Partnership Agreement of WROP dated March 4, 1993, as amended to the date hereof.

Class D Limited Partner s Credit Shortfall has the meaning given to it in Section 5.1(c)(iv) hereof.

Class D Limited Partner shall be as recorded in the books of the Partnership as being owned by such Partners pursuant to this Section 3.1. Except as otherwise set forth in this Agreement or the applicable Partner Agreement, if any, of any Class D Limited Partner, each series of Class D Common Units shall have the same rights, powers and duties, and the rights, powers and duties applicable to Class D Common Units shall be as set forth below and elsewhere in this Agreement: