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 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.
LP Unit means a Partnership Interest of a Limited Partner or Assignee in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and includes Units and Class B Units.
Examples of LP Unit in a sentence
It is the intention of the Company that this Award Agreement and each Award LP Unit granted hereunder shall comply with the requirements of Section 409A of the Code or be exempt from Section 409A of the Code and, with respect to amounts that are subject to Section 409A of the Code, shall in all respects be administered in accordance with Section 409A of the Code, and this Award Agreement and the 2024 Plan shall be interpreted accordingly.
The fair market value at the time of transfer (determined without regard to any restrictions other than restrictions which by their terms will never lapse) of the property with respect to which this election is being made is $0 per LP Unit.
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 Common Unit or a Preferred Unit and “LP Units” means the Common Units and the Preferred Units.
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. “Partnership Units”; “Percentage Interest”; “Preference Termination Event” and “Preferred Unit”.
LP Unit means a nonvoting limited partnership interest unit of GDH LP.