General Partnership Unit definition

General Partnership Unit means a fractional part of a General Partnership Interest as described in Section 3.01.
Sample 1
General Partnership Unit means a fractional part of a General Partnership Interest as described in Section 3.01. "Indemnified Person" has the meaning specified in Section 5.07.
Sample 1
General Partnership Unit means a single unit of Partnership Interest issued to the General Partner pursuant to Article 4 hereof, as the same may be amended from time to time as provided in this Agreement.
Sample 1

Examples of General Partnership Unit in a sentence

  • Each General Partnership Unit shall represent an interest in the capital of the Partnership and shall be identical in all respects to every other General Partnership Unit.

  • I will need a summary from UDOGM (Utah Division of Oil, Gas and Mining), UGS, BLM or others about how the industry has changed in the last 10 years.

  • On August 14, 2020, for estate planning purposes, a trust transferred 225 shares of Class A Common Stock and 814,347 shares of Class B Common Stock to Teebank in consideration for one (1) Teebank General Partnership Unit and a number of Teebank Limited Partnership Units equal in value to the aggregate value of the shares of Class A Common Stock and Class B Common Stock that Teebank received (less the value of the General Partnership Unit).


More Definitions of General Partnership Unit

General Partnership Unit shall have the meaning assigned to such term in the Newco Partnership Agreement.
Sample 1
General Partnership Unit shall represent an interest in the Partnership entitling the General Partner to the respective voting and other rights and Profit and Loss as provided for in this Agreement.
Sample 1

Related to General Partnership Unit

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.