Class H Unit definition

Class H Unit means a Class H Unit as defined in the LLC Agreement.
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Class H Unit. The Partnership Interest held by the Class H Limited Partner, each full Class H Unit representing a $250,000 Capital Contribution.
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Class H Unit means a Class H Unit of the Company.
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Examples of Class H Unit in a sentence

  • For each Class H Unit so converted, a holder will receive that number of Class A Units that is equal to the NAV per Class H Unit as of the close of trading on the Conversion Date divided by the NAV per Class A Unit as of the close of trading on the Conversion Date.

  • With respect to any matter on which the Class H Units are entitled to vote, each Class H Unit will be entitled to one vote on such matter.

  • The initial capital account with respect to each Class H Unit will be equal to the capital account of the Common Unit for which such Class H Unit was exchanged pursuant to the Exchange and Redemption Agreement or the Exchange and Repurchase Agreement, as applicable, plus, in the case of any Common Unit exchanged pursuant to the Exchange and Repurchase Agreement, the value of any additional property other than cash contributed to the Partnership pursuant thereto.

  • The initial capital account with respect to each Class H Unit will be equal to the capital account of the Common Unit for which such Class H Unit was exchanged pursuant to the Exchange and Redemption Agreement.

  • The portion of Redemption applied for Class H Units which is not processed on a day will be deferred for Redemption as the default option and redeemed during the subsequent Dealing Days for Class H Unit until the redemption amount has been satisfied.

  • NAV per Unit of Class A Units on T day = NAV of Class A Units of the Fund on T day / total number of Class A Unit on T day NAV per Unit of Class H Units on T day = NAV of Class H Units of the Fund on T day / total number of Class H Unit on T day.

  • However the on-going and growing shortage of qualified pilots has severely hampered the Commission’s recruitment efforts (see below).3 Ibid Pilot Shortage Challenge In the Commission’s FY 2015 Annual Report we provided some baseline information as to how and why the pilot shortage issue has developed over the last few years.

  • For each Class H Unit so converted, a holder will receive that number of Class A Units equal to the Class H Unit Exchange Rate.

  • Class H Units are initially issued at launch on the first Joint Business Day (as defined below) at the net asset value (hereinafter referred to as “NAV”) per unit of the existing Class A units of the Fund for that day, and thereafter are issued at the NAV per Class H Unit calculated after Mainland market closes for each relevant day on which Class H Units are dealt (please refer to the section below “Publication of Information” for further details regarding prices of Class H Units).

  • Class H Unit: Such fund units are only sold in Hong Kong, China, and Subscription fee and Redemption fee shall be charged to such fund units and no Sales Services Fees are charged.60.


More Definitions of Class H Unit

Class H Unit means a fractional part of the Partnership interest of the Class H Unitholders having the rights and obligations specified in this Agreement with respect to Class H Units outstanding from time to time.
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Related to Class H Unit

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class C 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 C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Class B Units means the Class B Units of the Company.

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class B Interests As set forth in the Trust Agreement.

  • Class HI B-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: B-2 Formula Distribution Amount" and (b) the Unpaid Class HI: B-2 Interest Shortfall, if any.

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Class C Shares means the shares of Class C common stock of the Company.