Converted Common Units definition

Converted Common Units has the meaning assigned to such term in Section 6.1(d)(x)(B).

Converted Common Units means the Common Units which were issued in connection with the conversion of Class C Units pursuant to Section 3.11.

Converted Common Units means Common Units issued upon the conversion of the Series A Convertible Units on the Convertible Unit Conversion Date.

Examples of Converted Common Units in a sentence

• Notwithstanding anything in this Section 5.13, no fractional Common Units shall be issued upon any conversion of Class B Units into Converted Common Units in accordance with Section 5.13(f) or Section 5.13(g).

• Any Series A Designated Manager may be removed from the Board of Managers, with or without cause, by a vote ofthe holders of a majority ofthe Series A Preferred Units and the Converted Common Units, voting together as a single class on an as-converted basis.

• Any vacancy occurring due to the death, resignation or removal, or other departure, of a Series A Designated Manager may be filled by a vote of the holders of a majority of the Series A Preferred Units and the Converted Common Units, voting together as a single class on an as-converted basis.

• If no Managers are remaining, (i) three (3) members shall be designated by the holders of a majority ofthe Non- COnverted Common Units and (ii) two (2) members shall be designated by the holders of a majority of the Series A Preferred Units and the Converted Common Units, voting together as a single class on an as-converted basis.

• Upon the closing of a Qualified IPO, each Series A Preferred Unit (or the equivalent preferred stock of the Successor Entity in the event of earlier conversion to a corporation as provided for in Section 3.6 above) will automatically convert into Converted Common Units at the then applicable Series A Conversion Price for such Units.

More Definitions of Converted Common Units

Converted Common Units means all Common Units issued by the Company as a result ofthe conversion of $eries A Preferred Units in accordance with Section 3.2. Units.

Converted Common Units has the meaning assigned to such term in Section 6.1(d)(x)(B). “Cumulative Common Unit Arrearage” means, with respect to any Common Unit, whenever issued, and as of the end of any Quarter, the excess, if any, of (a) the sum resulting from adding together the Common Unit Arrearage as to an Initial Common Unit for each of the Quarters within the Subordination Period ending on or before the last day of such Quarter over (b) the sum of any distributions theretofore made pursuant to Section 6.4(a)(ii) and the second sentence of Section 6.5 with respect to an Initial Common Unit (including any distributions to be made in respect of the last of such Quarters).

Converted Common Units has the meaning assigned to it in the Introduction.

Converted Common Units has the meaning set forth in Section 4.2.3.2.

Converted Common Units has the meaning assigned to it in the Amendment.”

Converted Common Units has the meaning assigned to such term in Section 6.1(d)(x)(B). “Credit Agreement” means the Credit Agreement, dated as of December 7, 2005, among the Operating Partnership, the Partnership, the subsidiaries of the Partnership, and Wachovia Bank, National Association, as administrative agent for the lenders named therein.

Converted Common Units means Common Units issued upon the conversion of the Series A Convertible Units on the Convertible Unit ConversionDate.