GP Mirror Units definition

GP Mirror Units means, collectively, the Series A Preferred Mirror Units, the 7.00% Series Preferred Mirror Units of Ares Offshore Holdings L.P., the 7.00% Series Preferred Mirror Units of Ares Investments L.P. and any preferred equity securities of a future Ares Operating Group entity with economic terms consistent with the Series A Preferred Mirror Units.
Sample 1Sample 2
GP Mirror Units means, collectively, the Series B Preferred Mirror Units and any preferred equity securities of a future Group Partnership with economic terms consistent with the Series B Preferred Mirror Units.
Sample 1

Examples of GP Mirror Units in a sentence

  • Upon a Dissolution Event, or in the event that any Ares Operating Group entity liquidates, dissolves or winds up, no Ares Operating Group entity may declare or pay or set apart payment on its Junior Units unless the outstanding liquidation preference on all outstanding GP Mirror Units of each Ares Operating Group entity have been repaid via redemption or otherwise.

  • Upon a Dissolution Event, or in the event that any Group Partnership liquidates, dissolves or winds up, no Group Partnership may declare or pay or set apart payment on its Junior Units unless the outstanding liquidation preference on all outstanding GP Mirror Units of each Group Partnership have been repaid via redemption or otherwise.

  • It is the intention of the General Partner that at all times the number of outstanding 7.00% Series A Preferred Shares issued by the Issuer equal the aggregate number of GP Mirror Units issued by the Ares Operating Group entities.

  • It is the intention of the General Partner that at all times the number of outstanding 7.00% Series A Preferred Units issued by the Issuer equal the aggregate number of GP Mirror Units issued by the Ares Operating Group entities.

  • Notwithstanding the above in the event of protracted delay in delivery, RCF shall reserve the right either to cancel the CONTRACT wholly or partially and make alternative arrangement at the risk and cost of the CONTRACTOR with a notice of seven days to the CONTRACTOR.

  • The Series B GP Mirror Units (as defined below) rank equally with the Series A GP Mirror Units.

  • From time to time, the General Partner may update the number of Series B Mandatory Convertible Preferred Mirror Units in the books and records of the Partnership accordance with Section 7.1. It is the intention of the General Partner that at all times the number of outstanding shares of Mandatory Convertible Preferred Stock issued by the Issuer equal the aggregate number of GP Mirror Units issued by the Ares Operating Group entities.

  • The Series A GP Mirror Units rank equally with the Series B GP Mirror Units.

  • The terms of the Series B GP Mirror Units also provide that, in the event that any KKR Group Partnership liquidates, dissolves or winds up, no KKR Group Partnership may declare or pay or set apart payment on its common units or any other units ranking junior to the Series B GP Mirror Units unless the outstanding liquidation preference on all outstanding Series B GP Mirror Units of each KKR Group Partnership have been repaid via redemption or otherwise.

  • The terms of the Series A GP Mirror Units also provide that, in the event that any KKR Group Partnership liquidates, dissolves or winds up, no KKR Group Partnership may declare or pay or set apart payment on its common units or any other units ranking junior to the Series A GP Mirror Units unless the outstanding liquidation preference on all outstanding Series A GP Mirror Units of each KKR Group Partnership have been repaid via redemption or otherwise.

Related to GP Mirror Units

  • Common Units is defined in the Partnership Agreement.

  • 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.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership 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.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • 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.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Class B Units means the Class B Units of the Company.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • 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.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

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

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • IDRs means the rights to the incremental ability, resulting from the addition of Merchant Transmission Facilities, to inject energy and capacity at a point on the Transmission System, such that the injection satisfies the deliverability requirements of a Capacity Resource. Incremental Deliverability Rights may be obtained by a generator or a Generation Interconnection Customer, pursuant to an IDR Transfer Agreement, to satisfy, in part, the deliverability requirements necessary to obtain Capacity Interconnection Rights.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

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

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

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

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