Limited Partner Unit definition

Limited Partner Unit means each of the Common Units, Class B Units, Subordinated Units and other Units representing fractional parts of the Partnership Interests of all Limited Partners and Assignees.

Limited Partner Unit means each of the Common Units, Class B Units, Subordinated Units and other Units representing fractional parts of the Partnership Interests of all Limited Partners and Assignees (but shall not include the Incentive Distribution Rights).

Limited Partner Unit means a Limited Partner Interest that is designated by the General Partner as a “Unit” and shall include Series A Preferred Units and Common Units.

Examples of Limited Partner Unit in a sentence

• On January 15, 1999, the Partnership declared a cash distribution of $0.45 per Limited Partner Unit and Class B Unit for the quarter ended December 31, 1998.

• All per Limited Partner Unit amounts have been adjusted to reflect the two-for-one Unit split.

• As discussed in Note 1 above, all per Limited Partner Unit references have been adjusted to reflect the two-for-one split on August 10, 1998.

• The Limited Partner Unit split entitled Unitholders of record at the close of business on August 10, 1998 to receive one additional Limited Partner Unit for each Limited Partner Unit held.

• For the year ended December 31, 1996, cash distributions totaled $45.2 million, resulting from cash distributions of $0.35 per Limited Partner Unit in February and May, and $0.375 per Limited Partner Unit in August and November.

More Definitions of Limited Partner Unit

Limited Partner Unit means a Common Unit, Preferred Unit or LTIP Unit.

Limited Partner Unit means any Redemption-Exchange Unit, Preferred Unit or other unit representing limited partner interests following its conversion from Managing General Partner Units or Special General Partner Units pursuant to Section 16.2.3;

Limited Partner Unit means a Limited Partner Interest that is designated by the General Partner as a “Unit” and shall include Series A Preferred Units, Series B Preferred Units and Common Units.

Limited Partner Unit means a Common Limited Unit, Series B Limited Unit, Series GO Limited Unit, Series GO II Limited Unit or Series T Limited Unit.”

Limited Partner Unit means a Limited Partner Interest that is designated by the General Partner as a “Unit” and shall include Series A Preferred Units, Common Units and Class B Units but shall not include, for the avoidance of doubt, (i) General Partner Units (or the General Partner Interest represented thereby) or (ii) Incentive Distribution Rights; provided, however, that when the term “Limited Partner Unit” is used herein in the context of any vote or other approval, including without limitation Article XIII and Article XIV, such term shall not, solely for such purpose, include any holder of Class B Units except (a) as set forth in Section 5.13(d) or for purposes of Section 13.3(c) and (b) as may otherwise be required by any non-waivable provision of law.

Limited Partner Unit is used herein in the context of any vote or other approval, including without limitation Article XIII and Article XIV, such term shall not, solely for such purpose, include any holder of Class B Units except (a) as set forth in Section 5.13(d) or for purposes of Section 13.3(c) and (b) as may otherwise be required by any non-waivable provision of law.

Limited Partner Unit. A Unit representing a limited Partnership Interest entitling the holder to such rights of a limited partner as set forth herein. Liquidating Distribution — A Distribution made with respect to a Partnership Interest pursuant to Article XIII.