Examples of Class D Unitholder in a sentence
Accordingly, Exhibit A to this Agreement shall reflect two Percentage Interests for each Partner owning such Class D Units, one which reflects the Percentage Interests assigned to such Class D Units and one which reflects the Class D Unitholder Percentage Interest.
Exhibit A to this Agreement shall reflect the Percentage Interest for each Partner using the Percentage Interest (and not the Class D Unitholder Percentage Interest) assigned to each Class D Unit.
A Class D Unitholder shall be entitled to receive distributions (as determined in accordance with the Partnership Agreement) with respect to his or her vested Class D Units only to the extent that the aggregate proceeds received by the Partnership exceed the Base Value, and after any distributions to other partners of the Partnership as may be required under the Partnership Agreement.
At all such meetings, each Class C Unitholder shall be entitled to one vote in respect of each Class C Unit held thereby and each Class D Unitholder shall be entitled to one vote in respect of each Class C Unit into which such holder’s Class D Unit is exchangeable, exercisable or convertible.
At all such meetings, each Class D Unitholder shall be entitled to one vote in respect of each Class D Unit held thereby.
Any amount that would otherwise be distributed to a Class D Unitholder pursuant to this Section 4.4(a) but for the application of the preceding sentence shall instead be retained by the Company and paid to such a Class D Unitholder if, as and when the unvested units to which such retained amounts relates vests pursuant to the applicable Management Unit Subscription Agreement.
Subject to the foregoing, the Class D Unit Exchange Right provided herein may be exercised by any Class D Unitholder at any time and from time to time until such time as such holder no longer owns any Class D Units.
Any amount that would otherwise be distributed to a Class D Unitholder pursuant to this Section 4.4(a)(C) but for the application of the preceding sentence shall instead be retained by the Company and paid to such a Class D Unitholder if, as and when the unvested units to which such retained amounts relates vests pursuant to the applicable Management Unit Subscription Agreement.