Class Y Units definition

Class Y Units is defined in Section 7.1.
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Class Y Units means the Class Y common units of limited partner interest in the Partnership.
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Class Y Units shall have the meaning set forth in the Operating Agreement.
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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 means the Class Y Common Units of the Company.
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Class Y Units means Class Y units of the Operating Partnership.
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Related to Class Y 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 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 B Common Units has the meaning set forth in Section 1(a) hereof.

  • 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.

  • 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.

  • 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.

  • Parity Units means any Partnership Securities, including Preferred Units, that the Partnership may authorize or issue, the terms of which provide that such securities shall rank equally with the Series A Preferred Units with respect to payment of distributions and distribution of assets upon a Dissolution Event.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Common Units is defined in the Partnership Agreement.

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

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

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

  • 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”.

  • Company Units has the meaning set forth in the Recitals.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

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

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

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class A Common Stock means the Class A Common Stock, par value $.01 per share, of the Company.