Class N Units definition

Class N Units means the Units having the rights and obligations specified with respect to Class N Units in this Agreement.
Sample 1Sample 2Sample 3
Class N Units shall have the meaning set forth in Section 10(a).
Sample 1Sample 2Sample 3
Class N Units 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 N Units in this Agreement.
Sample 1Sample 2Sample 3

Examples of Class N Units in a sentence

  • The General Partner is hereby authorized to cause the Partnership to issue Partnership Units designated as Class T Units, Class S Units, Class D Units, Class I Units, Class E Units and Class N Units.

  • Xxxxx Xxxxxx Title: President and CEO Partner Type of Interest Contribution Agreed Value of Contribution Class T Units Class S Units Class D Units Class I Units Class E Units Class N Units Percentage Interest Invesco Real Estate Income Trust Inc.

  • Immediately before liquidation of the Partnership, Class T Units will automatically convert to Class I Units at the Class T Conversion Rate, Class S Units will automatically convert to Class I Units at the Class S Conversion Rate, Class D Units will automatically convert to Class I Units at the Class D Conversion Rate, Class E Units will automatically convert to Class I Units at the Class E Conversion Rate and Class N Units will automatically convert to Class I Units at the Class N Conversion Rate.

  • If the Special Limited Partner elects to receive such distributions in Class N Units or Class I Units, the Special Limited Partner will receive the number of Class N Units or Class I Units that results from dividing the Performance Allocation or Class N Performance Allocation, as applicable, by the Net Asset Value per Class N Unit or Class I Unit at the time of such distribution.

  • Any certificates relating to the Class N Units that may be issued will be in such form as the General Partner may approve.

  • Except as set forth in this Section 5.20(b)(iv) and Section 13.3(c) and except to the extent the Delaware Act gives the Class N Units a vote as a class on any matter, the Class N Units shall not have any voting rights.

  • Distributions on the Class N Performance Allocation may be payable in cash or Class N Units (or, after the commencement of the General Partner’s initial Public Offering, Class I Units) at the election of the Special Limited Partner.

  • The General Partner designated and created a class of Partnership Securities designated as “Class N Units.” In accordance with Section 5.5, the General Partner shall have the power and authority to issue additional Class N Units in the future.

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

  • The initial capital account with respect to each Class N Unit will be equal to the purchase price as set forth in the Contribution Agreements, divided by the number of Class N Units issued to ETP Holdco.


More Definitions of Class N Units

Class N Units means the class N trust units of the Trust which will be created pursuant to the Reclassification;
Sample 1

Related to Class N Units

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

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

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

  • Common Units is defined in the Partnership Agreement.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class C Shares means shares of the Class C Common Stock.

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

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Class I Shares means Class I Shares in the Company as set forth in the relevant

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • 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 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”.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • Initial Common Units means the Common Units sold in the Initial Offering.