Class D Unitholders definition
Examples of Class D Unitholders in a sentence
The Class A Unitholders, Class D Unitholders, Class A-I Unitholders, Class M-I Unitholders and Class M Unitholders.
Until the aggregate amount of distributions to Unitholders pursuant to this Section 4.4(a), taking into account only the current distribution and any previous distributions made after the Class D Effective Date, equal the Class D/E Distribution Threshold Amount, 100% of Distributable Assets shall be distributed in accordance with subparagraphs (i) through (vii) below; provided that, no distributions under subparagraph (i) below shall be made to the Class D Unitholders or the Class E Unitholders.
All distributions to Class A Unitholders, Class C Unitholders, Class D Unitholders, Class F Unitholders and Class H Unitholders shall be paid in Canadian dollars.
In no event shall the Class A Preferred Return be considered an amount that is guaranteed to be paid to the Class A Unitholders or a personal liability of the General Partner, the Class B Unitholders, the Class C Unitholders, the Class D Unitholders, the Class F Unitholders, the Class G Unitholders or the Class H Unitholders.
Such distributions shall be made to Class D Unitholders of record at such times and in such manner as set forth in the Partnership Agreement.
Items of income, gain, loss and deduction attributable to amounts retained by the Company pursuant to this Section 4.4(a) shall be allocated among the Class D Unitholders holding unvested units in a manner, determined in the Board’s discretion, that equitably reflects each such Class D Unitholders share of the amounts to which such items relate.
For each class of Units, the dollar amount of the OP Performance Component will equal 10.0% of the difference between (i) the OP Annual Total Return allocable to Class A Units, Class D Units, Class A-I Units, Class M-I Units or Class M Units, as applicable, and (ii) the amount required to provide Class A Unitholders, Class D Unitholders, Class A-I Unitholders, Class M-I Unitholders or Class M Unitholders, as applicable, an OP Annual Total Return equal to the Priority Return Percentage.
Until the aggregate amount of distributions to Unitholders pursuant to this Section 4.4(a), taking into account only the current distribution and any previous distributions made after the Class D Effective Date, equal the Class D Distribution Threshold Amount, 100% of Distributable Assets shall be distributed in accordance with subparagraphs (i) through (vii) below; provided that, no distributions under subparagraph (i) below shall be made to the Class D Unitholders.
Items of income, gain, loss and deduction attributable to amounts retained by the Company pursuant to this Section 4.4(a)(C) shall be allocated among the Class D Unitholders holding unvested units in a manner, determined in the Board’s discretion, that equitably reflects each such Class D Unitholders share of the amounts to which such items relate.