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

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

Examples of Converted Common Units in a sentence

• The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Converted Common Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the receipt of Common Units pursuant to Section 5.11(f).

• 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).

• The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Converted Common Units and the Capital Accounts underlying most or all of the Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the receipt of Common Units pursuant to Section 5.11(f).

• In connection with the condition imposed by this Section 6.10, the General Partner shall take whatever steps are required to provide economic uniformity to the Converted Common Units in preparation for a transfer thereof, including the application of Section 6.1(d)(xiii)(B); provided, however, that no such steps may be taken that would have a material adverse effect on the Unitholders holding Units represented by Unit Certificates.

• The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Converted Common Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the receipt of Common Units pursuant to Section 5.12(f).

More Definitions of Converted Common Units

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

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

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.

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).