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
In connection with a Special Redemption Event, the Partnership shall redeem for cash the Series A Preferred Units at a redemption price equal to the Series A Liquidation Preference on the redemption date if the General Partner, in the sole discretion of the General Partner, elects to redeem any other Limited Partner Unit.
More Definitions of Limited Partner Unit
Limited Partner Unit means a Unit that may be held by a General Partner, a Limited Partner or a person who is not a Partner, and which entitles the holder to the rights and benefits provided in this Agreement.
Limited Partner Unit means a Common Limited Unit, Series A Preferred Unit, Series B Limited Unit, Series GO Limited Unit, Series GO II Limited Unit, Series T Limited Unit, or Series P Preferred 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. 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.
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 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.