Class Y Units definition

Class Y Units is defined in Section 7.1.
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Class Y Units means Class Y units of the Operating Partnership.
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Class Y Units means the Class Y common units of limited partner interest in the Partnership.
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Examples of Class Y Units in a sentence

  • Please note further investment restrictions also apply to Class H and Class Y Units as detailed in the Prospectus.Management ChargesThe Trust Deed permits the following management charges which are receivable by the Manager:(a) A Preliminary Charge of 5 per cent which is included in the offer price of the Units.

  • Subscriber’s subscription and payment for and continued beneficial ownership of the Class Y Units will not violate any applicable securities or other laws of Subscriber’s jurisdiction.

  • At the Class Y Units Closing, the Company will accept Subscriber’s subscription for the number of Class Y Units specified on the Company’s signature page attached hereto (which number shall not exceed the Subscribed Units) and will issue and sell to Subscriber the Class Y Units for a per Unit price equal to the Per Unit Purchase Price, each registered in the name of Subscriber.

  • The Company hereby acknowledges and confirms that the Manager has been admitted as a Member of the Company, with all the rights, privileges, duties and obligations of a Member in respect of such Class Y Units.

  • In the event that the General Partner withdraws or resigns as manager of the Partnership or otherwise ceases to be the General Partner, the Holders of the Class Y Units (or a designee thereof) have the right to appoint a successor General Partner in accordance with the Act.

  • All of the representations and warranties contained herein shall survive the Class Y Units Closing.

  • Class A Units, Class C Units, Class I Units and Class Y Units shall rank pari passu save in relation to the matters set out in this Prospectus.

  • Please note further investment restrictions also apply to Class H, Class M and Class Y Units as detailed in the Prospectus.Management ChargesThe Trust Deed permits the following management charges which are receivable by the Manager:(a) A Preliminary Charge of 5 per cent which is included in the offer price of the Units.

  • Except as otherwise set forth in the Operating Agreement, the Class Y Units shall not be assignable by the Manager without the prior written consent of the Company.

  • At this meeting the Trustees will present to the Society Members a report of the CIO’s activities including its Annual Report and Accounts.


More Definitions of Class Y Units

Class Y Units shall have the meaning set forth in the Operating Agreement.
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Class Y Units means the Class Y Common Units of the Company.
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Related to Class Y Units

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

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