Class P Interests definition

Class P Interests means the units or other ownership interests that are designated as “Class P” in each BTC Subsidiary Partnership or PEN Subsidiary LTD, as set forth in their respective governing documents.
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Class P Interests. The Class I/II-P Interest and the Class III-P Interest.
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Class P Interests means the Interests which are designated herein as the “Class P Interests”, including all benefits to which each Partner in respect of such Interests is entitled under this Agreement and applicable law, together with all obligations of such Partner under this Agreement and applicable law.
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Examples of Class P Interests in a sentence

  • The following table sets forth the number and percentage of Class P Interests held by our Named Executive Officers, as well as other executive officers as a group, in ABC LP, as of June 30, 2021.

  • The “Fees earned” reported in the table above exclude the payments received by Directors in respect of Special Bonus Pool, the Apollo Transaction Special Bonus Awards, and the Class P Interests in ABC LP.

  • None of the holders of Class P Interests set out above hold Participant Units.

  • Special Bonus Pool and the Apollo Transaction Special Bonus Awards, the VC Plan, and Class P Interests in ABC Group Canada LP are described in greater details under the headings “Spe cial Incentive Bonus Compensation”, “Value Creation Plan” and “ABC LP Equity Incentive Plan” below.

  • Following the achievement of the Hurdle Threshold and all three target values, the Class P Interests collectively represent up to a maximum approximate value of 9.2% of the interest in the total distributable profits of ABC LP.

  • No. 16 C.D. 2019: Submitted: August 7, 2020 Tax Claim Bureau of Lehigh County :and Thomas Williams, Jr. :BEFORE: HONORABLE MARY HANNAH LEAVITT, President Judge1 HONORABLE PATRICIA A.

  • The aggregate remaining issued and outstanding Class P-1 Interests (comprised of 4,722.4 Class P-1 Interests), representing approximately 46.68% of the issued and outstanding Class P Interests, are held by management or employees of the Corporation and its subsidiaries (who are not our Named Executive Officers), consultants of the Corporation and its subsidiaries and former Directors, management or employees of the Corporation and its subsidiaries.

  • The aggregate remaining issued and outstanding Class P-3 Interests (comprised of 169 Class P-3 Interests), representing approximately 1.67% of the issued and outstanding Class P Interests, are held by management or employees of the Corporation and its subsidiaries (who are not our Named Executive Officers).

  • On the other hand, the Seventh Circuit’s use of accepting zoning criteria leaves room for municipalities to change the ordinance as they see fit.Further, municipalities have an interest in maintaining a profitable economy that will attract new residents to the town.

  • Following the achievement of the third target value, any remaining distributions will be made on a pro rata and ratable basis to holders of the Class A Interests and all Class P Interests.

Related to Class P Interests

  • 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.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].