Class W Units definition

Class W Units is defined in Section 7.1.
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Class W Units means Class W Units (or any security issued in exchange or substitution, in whole or in part, by merger or otherwise) in the Operating Company, issued under the LLC Agreement.
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Class W Units means that certain class of units granted to the Investor pursuant to the Contribution Agreement, which units represent a membership interest in the Distributor.
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Examples of Class W Units in a sentence

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

  • For such purposes, the “Conversion Ratio” means the quotient obtained by dividing 10,000,000 by the number of outstanding Class F Units and Class W Units of the Converting Entity at the time of the Conversion.

  • The General Partner is hereby authorized to cause the Partnership to issue Partnership Units designated as Class T Units (which may be designated by the General Partner upon issuance as Series 1 Class T Units, Series 2 Class T Units or Series 3 Class T Units; provided, that all Class T Units issued to the General Partner shall be Series 1 Class T Units), Class W Units and Class I Units.

  • Class A Units, Class I Units and Class W Units shall be issued only to the General Partner and only in exchange for contributions by the General Partner to the capital of the Partnership of the proceeds received by the General Partner from the issuance of REIT Shares having the same Class designation as the Class of Partnership Units being issued.

  • The General Partner is hereby authorized to cause the Partnership to issue Partnership Units designated as Class A Units, Class I Units and Class W Units.

  • CIT, NationsBanc and Fleet and each of their respective Affiliates may accept deposits from, lend money to, act as trustee or paying agent under indentures of, and generally engage in any kind of business with, any Borrower or any Guarantor, any of their Affiliates, or any Person who may do business with or own securities of any Borrower or Guarantor, or any of their Affiliates, all as if CIT, NationsBanc and Fleet were not Agents and without any duty to account therefor to any Lenders.

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

  • Any Representative may be removed from the Management Committee at any time by the holders of a majority of the total voting power of the outstanding Class A Units, Class B Units, Class C Units, Class D Units, Class E Units, Class W Units, Class X Units, Class Y Units and Class Z Units.

  • Upon the consummation of the IPO, the Company shall make adequate and equitable provisions such that the Applicable Percentage of each Unit holder’s Class B Units, Class C Units, Class D Units, Class E Units, Class W Units, Class X Units, Class Y Units and Class Z Units shall become converted into fully paid and non-assessable shares of common stock of the Company.

  • Class W Units are subject to repurchase or redemption only in accordance with Sections 4.7 and 4.8 of this Agreement.


More Definitions of Class W Units

Class W Units means the Class W Common Units of the Company.
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Class W Units means that certain class of Units owned by WCO and W-G Holding on and as of the Effective Date, and from time to time, including pursuant to Sections 4.1.2(d) and (e) of this Agreement upon the Company’s or a WCO Party’s, respectively, satisfaction of any liability to which they may be entitled to indemnification from Genius under Section 8.3 of the Master Contribution Agreement.
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Class W Units means Class W units of membership interests in the Distributor.
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Related to Class W Units

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

  • 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 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.

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

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

  • Class C Shares means the shares of Class C common stock of the Company.

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

  • Class A Common Units means the Company's Class A Common Units.

  • Common Units is defined in the Partnership Agreement.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

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

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

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

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • 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.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • 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 A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Membership Units means membership interests in the Company.

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

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.