LP Unit definition

LP Unit means a Partnership Interest issued pursuant to Sections 4.2 or 4.3 and representing a limited partner’s interest in the Partnership.

LP Unit means a Common Unit or a Preferred Unit and “LP Units” means the Common Units and the Preferred Units.

LP Unit means a fractional, undivided share of the Partnership Interests of all Partners issued pursuant to Sections 4.1, 4.2 and 4.3. The number of L.P. Units outstanding and the Percentage Interests in the Partnership represented by such L.P. Units are set forth in Appendix I, as such Appendix may be amended from time to time. The ownership of L.P. Units shall be evidenced by such form of certificate for units as the General Partner adopts from time to time unless the General Partner determines that the L.P. Units shall be uncertificated securities.

Examples of LP Unit in a sentence

• The limited partners of EGTLP are Eguana, and from time to time, private investors who have provided capital to EGTLP by purchasing LP Units at a price of $1,000 per LP Unit.As limited partners of EGTLP, on December 31 of each year the LP Unit Holders are entitled to deduct their share of non-capital losses of EGTLP for the year to a maximum of $1,000 per LP Unit.

• A Special Voting Unit will be issued in tandem with each Class B LP Unit issued.

• Each option is represented by a corresponding Class C LP Unit or Class E LP Unit.

• Each Class B LP Unit and Class D LP Unit is entitled to one special voting unit, which will entitle the holder to receive notice of, attend and vote at all meetings of the Trust.

• Each Class B LP Unit is accompanied by a Special Voting Unit, which entitles the holder to receive notice of, attend and vote at all meetings of Unitholders.

More Definitions of LP Unit

LP Unit means the Person in whose name such Unit is registered in the Units Register or (b) any GP Unit means the General Partner.

LP Unit means a limited partnership unit representing a beneficial interest in the Partnership issued from time to time in accordance with the Partnership Agreement and having the rights, privileges, restrictions and conditions as set out in the Partnership Agreement;

LP Unit means each Limited Partner’s respective Partnership Interest, including its capital contributions, expressed as an number of units calculated in accordance with Schedule 1 of the Limited Partnership Agreement and specified from time to time in the Partnership Unit Register during the term of this Agreement.

LP Unit means an outstanding limited partnership unit of the Partnership including a Class A LP Unit and a Redeemable LP Unit.

LP Unit means a nonvoting limited partnership interest unit of GDH LP.

LP Unit means a single unit representing a limited partnership interest in TEPPCO Partners, L.P.

LP Unit. “Partnership Units”; “Percentage Interest”; “Preference Termination Event” and “Preferred Unit”.