Class J Units definition

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

Class J Units means, collectively, the Class J1-T Units, Class J2-T Units and Class J3-T Units of TPG TMM Holdings II, L.P. and the Class J1-O Units, Class J2-O Units and Class J3-O Units of Oaktree TMM Holdings II, L.P.

Class J Units means a limited partner Partnership Interest which shall confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Class J Units.

Examples of Class J Units in a sentence

• The holders of Class J Units shall be allocated gross income such that, from the inception of the partnership through the end of the fiscal year to which the allocation relates, including the year of liquidation of the Partnership in accordance with Article X, the sum of all priority allocations pursuant to this Section 5.2(M) equals (or approaches as nearly as possible) the sum of all Class J Priority Return Amounts accrued through the end of the fiscal year to which the allocation relates.

• Upon any Class J Redemption, an amount equal to the product of the Class J Redemption Price and the number of Class J Units redeemed by the Partnership shall be distributed by the Partnership to the Class J Limited Partner.

• Upon a Class J Redemption by the Partnership, the Class J Limited Partner shall have no further right to receive any Partnership distributions in respect of the Class J Units so redeemed.

• Prior to the expiry of that period, Class S Units are subject to fees agreed between the Management Company and the relevant investors, which will not be greater than the management and/or performance fees specified for Class J Units of the relevant Sub-Fund.

• Purchases of Class J Units by Italian domiciled investors are subject to receipt of confirmation to the satisfaction of the Management Company or its agents that the Units purchased will not be the underlying investment for any product ultimately marketed to a retail distribution channel.

• The management and/or performance fees specified for Class J Units shall be applicable to Class S Units 18 months after the launch date of the relevant Sub- Fund.

• No approval from the holders of the Common Units, Class E Units, Class G Units, Class H Units, Class I Units, Class J Units, Class K Units, Series A Preferred Units or Incentive Distribution Rights is required in connection with ETP’s issuance and sale of the Purchased Units to the Purchaser.

• At Closing, SXL GP shall cause the SXL Class J Units to be issued to the Persons who held Class J Units immediately prior to the Effective Time in book-entry form.

• Class I Units: Nil.Deutsche India EquityFund Class J Units: 0.45% p.a. of the Net Asset Value.All subject always to a maximum 2% p.a. of the Net Asset Value.Trustee FeeCurrently 0.075% p.a. of the Net Asset Value, subject always to a minimum of S$10,000 p.a.Currently up to 0.15% p.a. of the Net Asset Value.

• The Class J Units shall not have any rights of redemption or conversion.

More Definitions of Class J Units

Class J Units hall have the meaning given to such term in the Partnership Agreement.

Class J Units hall have the meaning given to such term in the Partnership Agreement. “Class K Units” hall have the meaning given to such term in the Partnership Agreement. “Closing(s)” shall have the meaning specified in Section 2.02.

Class J Units. For the purpose of this Agreement, (i) a Common Unit shall mean a unit of limited partnership interest issued by the Partnership on subscription by the BFP Partner, which represents the rights and obligations associated therewith, including, without limitation, the right to one vote per Common Unit, and the right to receive distribution of the Partnership’s assets in accordance with this Agreement and the Act and (ii) a Class J Unit shall mean a unit of limited partnership interest issued by the Partnership on subscription by the JMB Partner, which represents the rights and obligations associated therewith, including, without limitation, the right to receive distribution of the Partnership’s assets in accordance with this Agreement and the Act, but does not represent any right to vote with respect to any matter with respect to the Partnership. The unit register of the Partnership is as set forth on Schedule A hereto.

Class J Units has the meaning set forth in Section 12(a).

Class J Units means the Class J Units offered under this Offering Memorandum, which will be made available only to subscribers purchasing Class J Units through certain Representatives.