Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.
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.
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 LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.
General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.
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.
Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.
OP Units means units of limited partnership interest in the Operating Partnership.
LLC Units has the meaning set forth in the LLC Agreement.
Class A LP Units means the Class A limited partnership units of the Partnership.
Company Units has the meaning set forth in the Recitals.
Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.
Common Units means common units representing limited partner interests in the Partnership.
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.
General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.
Class B Units means the Class B Units of the Company.
Co-op Shares Shares issued by private non-profit housing corporations.
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.
Sponsor Shares shall have the meaning given in the Recitals hereto.
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.
Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.
Membership Interests has the meaning set forth in the recitals.
Trust Units means the units of the Trust.
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 such Act.
Class D Units has the meaning ascribed to such term in the LLC Agreement.