Examples of Class I Unit in a sentence
If the Special OP Unitholders elect to receive such distributions in Class I Units, the Special OP Unitholders will receive the number of Class I Units that results from dividing an amount equal to the value of the Performance Allocation by the NAV per Class I Unit at the time of such distribution.
The minimum initial and subsequent investment amounts are reported in the following table: The initial offering price shall be of 100 EUR per Class C Unit and Class I Unit.
Distributions per Class E Unit will equal the distributions per Class I Unit.
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.
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.
Distributions per Class B Unit will equal the distributions per Class I Unit.
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.
Redemptions are not netted against subscriptions for purposes of determining Class D or Class I Unit eligibility.
If the Special Limited Partner elects to receive such distributions in Class I Units, the Special Limited Partner will receive the number of Class I Units that results from dividing the Performance Participation Interest by the Net Asset Value per Class I Unit at the time of such distribution.
Class I Unit Holders may elect to convert such Class I Units on a value-for-value basis at any time.