Class D Preferred Units definition

Class D Preferred Units means Class D Preferred Units representing limited partner interests in the Partnership, the terms of which are to be set forth in the Amended Partnership Agreement.

Class D Preferred Units has the meaning specified in Section 3.2(b).

Class D Preferred Units means the equity interests designated as “Class D Preferred Units” pursuant to the Parent LPA.

Examples of Class D Preferred Units in a sentence

• As of October 10, 2014, the Partnership or a Subsidiary of the Partnership (other than APL and its Subsidiaries) owns 4,113,227 APL Common Units and no APL Class D Preferred Units or APL Class E Preferred Units.

• Class D Preferred Units shall be transferable only with the approval of the Board of Directors, and then only to persons eligible to hold Class D Preferred Units.

• The problem therefore has often been the delineation of these substantial freedoms and thus the capacities/capabilities they foster.

• Cumulative dividends on the Class D Preferred Units accrue at an annual rate of 4.5% on the unrecovered capital contributions, compounded quarterly.

• These Bylaws may establish additional conditions, requirements or limitations of holding Class D Preferred Units.

• No purported assignment or transfer of any Class D Preferred Units to any person not eligible to hold such Units shall pass any rights or privileges on account of such Units.

• No Class D Unit Holder shall have any right whatsoever to require the redemption or exchange of its Class D Preferred Units.

• The Board of Directors shall have the authority to establish such additional terms and conditions, qualifications, methods of acceptance, duties, rights and privileges of holding Class D Preferred Units as it may from time to time deem advisable.

• Participants were controlled on their familiarity with the brand, their perception of the brand and their hedonic motive.

• The Board of Directors shall have the authority to establish a redemption or exchange policy with respect to Class D Preferred Units on terms and conditions it deems advisable in its sole discretion.

More Definitions of Class D Preferred Units

Class D Preferred Units has the meaning given to such term in the Amended and Restated Operating Agreement.

Class D Preferred Units means the units of Membership Interests designated as “Class D Preferred Units” and having the rights to distributions, allocations and voting rights of Class D Preferred Units set forth in this Agreement.

Class D Preferred Units. (i) as of the Agreement Date and through immediately prior to the completion of the Restructuring, has the meaning given to such term in the Existing Operating Agreement and (ii) as of and following the completion of the Restructuring, has the meaning given to such term in the Amended and Restated Operating Agreement.

Class D Preferred Units means a class of preferred equity of the Borrower bearing the terms set forth and described in the Third Amended and Restated Limited Liability Company Agreement dated as of October 9, 2008, and the Unit Purchase Agreement dated as of October 9, 2008, by and between the Borrower and certain investors as set forth therein (as amended, restated, supplemented or otherwise modified from time to time, the “Unit Agreement”).”

Class D Preferred Units has the meaning assigned to such term in the Parent LPA, as in effect on the Fifth Amendment Effective Date.