LP Class B Units definition

LP Class B Units means the Class B Common Units of the Operating Partnerships.
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LP Class B Units means the class of non- transferable, redeemable units of the Partnership designated as the “Class B Units”.
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LP Class B Units means the class B partnership units of High Arctic LP, all of which will be held by HAES as a general partner of High Arctic LP following completion of this offering;
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Examples of LP Class B Units in a sentence

  • In consideration for the incremental royalty, Nurse Next Door will be entitled, subject to TSX approval, to indirectly exchange its NND LP Class B Units for common shares of DIV, or cash at DIV’s election.The Company, through its ownership of NND LP Class A units, is entitled to receive a cash distribution of $4.8 million per year, which grows at a fixed rate of 2.0% per annum (the “DIV Distribution Entitlement”).

  • The ONR LP Class B Units are considered to be a financial liability under IFRS.

  • The LP Class B Units will have equivalent voting and distribution entitlements to the REIT Units into which they are exchangeable.

  • All LP Class B Units issued and outstanding immediately prior to the LP Mergers Effective Time shall not be converted, cancelled nor extinguished and shall continue to remain outstanding as LP Class B Units of the applicable Surviving Limited Partnership following the LP Mergers Effective Time, and the holder of such LP Class B Units that is the general partner of the Operating Partnerships immediately prior to the LP Mergers Effective Time shall continue as general partner of the Operating Partnerships.

  • The number of L.P. Class B Units issued to each such Principal shall equal the quotient of (i) such Principal’s pro rata portion of the Growth Equity Payment as set forth on Schedule 2.6.1(a), and (ii) the L.P. Class B Unit Price.

  • The foregoing distributions to the Manager and Elco Landmark are known as the Carried Interest, and shall be paid by Operating LP to the Manager as a fee pursuant to the terms of the Asset Management Agreement and to Elco Landmark as a distribution on the Operating LP Class B Units held by Elco Landmark.

  • The number of L.P. Class B Units issued to each such Principal shall equal the quotient of (i) such Principal’s pro rata portion of the First Retention Equity Payment as set forth on Schedule 2.6.1(a), and (ii) the L.P. Class B Unit Price.

  • Additionally, as the LP Class B Units are liabilities, all distributions paid (both regular and special) are recorded as a financing charge under IFRS.

  • A summary of LP Class B Unit activity is presented below: Number of UnitsBalance – December 31, 2016 186,250Units issued - Balance - December 31, 2017 186,250Units issued 3,224,516Balance – March 31, 2018 3,410,766 The LP Class B Units represented an aggregate fair value of $34,517 at March 31, 2018 (December 31, 2017 - $1,701).

  • As at September 30, 2010 and January 1, 2010, there were 336,106 LP Class B Units issued and outstanding.

Related to LP Class B Units

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

  • 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.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit 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.

  • 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.

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

  • Class C Member means a Member holding the Class C Ordinary Share.

  • 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.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Common Units is defined in the Partnership Agreement.

  • Class C Shares means shares of the Class C Common Stock.

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

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

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

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • 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 Membership Interest means a Class B Membership Interest in Holdings.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.