Class I Unit definition

Class I Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class I Unit as provided in this Agreement.
Class I Unit. The Partnership Interest held by the Class I Limited Partner, each full Class I Unit representing a $250,000 Capital Contribution.
Class I Unit shall have the meaning set forth in the Operating Partnership Agreement.

Examples of Class I Unit in a sentence

  • A plaintiff may file an amended complaint more than 21 days after service of a motion to dismiss only if they receive leave from the Court or the defendant consents.

  • Subject to Section 2.4, each Class I Unit (as defined herein) issued and outstanding as of immediately prior to the Effective Time shall be converted into a unit representing a limited partner interest in SXL (an “SXL Class I Unit”), which constitutes a share of a new class of units in SXL containing provisions substantially equivalent to the provisions set forth in Section 5.12 of the ETP Partnership Agreement, all as set forth in the Amended SXL Partnership Agreement.

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

  • An OP Unit entitling the holder thereof to the rights of a holder of a Class I Unit as provided in the Operating Partnership Agreement.

  • Each Class E Unit of ETP, each Class G Unit of ETP, each Class I Unit of ETP, each Class J Unit of ETP and each Class K Unit of ETP, if any, issued and outstanding or deemed issued and outstanding as of immediately prior to the effective time of the Merger will be converted into the right to receive a corresponding unit in SXL with the same rights, preferences, privileges, powers, duties and obligations as such existing ETP unit had immediately prior to the Merger.


More Definitions of Class I Unit

Class I Unit means a Class I Unit of the Trust and includes a fraction of a Class I Unit of the Trust.
Class I 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 Class I Units in this Agreement.
Class I Unit means a unit in the Company representing a fractional part of the interest of a Unitholder in Distributions with respect to the iMortgage Division and its share of the Profits and Losses and having the rights and obligations specified with respect to the Class I Units in this Agreement.
Class I Unit means a unit of Ownership Interest in the Company entitling the holder thereof to any and all benefits to which the holder thereof may be entitled as provided in this Agreement, together with all obligations of such Person to comply with this Agreement.
Class I Unit means a Class I limited partnership interest in the Fund designated as a Class I Unit in the Limited Partnership Agreement.
Class I Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class I Unit as provided in this Agreement. “Class S Conversion Rate” means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class S Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class S REIT Shares” means the REIT Shares referred to as “Class S” shares in the Charter. “Class S Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class S Unit as provided in this Agreement. “Class T Conversion Rate” means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class T Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class T REIT Shares” means the REIT Shares referred to as “Class T” shares in the Charter. “Class T Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class T Unit as provided in this Agreement.
Class I Unit means a Class I limited partnership interest in the Fund designated as a Class I Unit in the Limited Partnership Agreement.