Managing General Partner Units definition

Managing General Partner Units means the general partner interests in the Partnership having the rights and obligations specified in this Agreement and that are designated as Managing General Partner Units;
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Managing General Partner Units means the general partner interests in the Holding LP having the rights and obligations specified in the Holding LP Limited Partnership Agreement;
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Managing General Partner Units has the meaning assigned to such term in the Infrastructure Partnership Agreement;
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Examples of Managing General Partner Units in a sentence

  • In general, quarterly cash distributions will be made from distributions received by our company on its Managing General Partner Units.

  • Distributions of available cash (if any) by the Holding LP will be made in accordance with the Holding LP Limited Partnership Agreement, which generally provides for distributions to be made by the Holding LP to all owners of the Holding LP’s partnership interests (including the Managing General Partner Units owned by us and the Special LP Units and Redemption-Exchange Units owned by Brookfield) on a pro rata basis.

  • Our company owns a direct 50% interest in the Property Partnership through ownership of Managing General Partner Units.

  • Distributions of available cash (if any) by the Holding LP will be made in accordance with the Holding LP Limited Partnership Agreement, which generally provides for distributions to be made by the Holding LP to all owners of the Holding LP's partnership interests (including the Managing General Partner Units owned by us and the Special LP Units and redemption-exchange units owned by Brookfield) on a pro rata basis.

  • The Holding LP’s capital structure is composed of four classes of partnership units: Special Limited Partner Units, Holding LP Class A Preferred Units, Managing General Partner Units and Redeemable Partnership Units held by Brookfield.

  • Our company owns a direct 49% interest in the Property Partnership through ownership of Managing General Partner Units.

  • Our company currently owns approximately 75.7 million Managing General Partner Units and Brookfield currently owns approximately 69.7 million Redemption-Exchange Units and 4 Special LP Units.

  • Our company currently owns approximately 81 million Managing General Partner Units and Brookfield currently owns approximately 70 million redemption-exchange units and four Special LP Units.

  • The Managing General Partner Units, Special Limited Partner Units and Redeemable Partnership Units of the Holding LP were concurrently split to reflect the Unit Split.

  • As regards the zoning of the site, a number of zoning objectives relate to the overall site including Town Centre Mixed use, buffer zone, natural open spaces and established residential.


More Definitions of Managing General Partner Units

Managing General Partner Units has the meaning assigned to such term in the Holding LP Partnership Agreement;
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Managing General Partner Units means the means the general partner interests in Holding LP;
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Managing General Partner Units has the meaning assigned to such term in the Property Partnership Agreement;
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Managing General Partner Units has the meaning given to such term in Section 3.1(d).
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Related to Managing General Partner Units

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • General Partner has the meaning set forth in the Preamble.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

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

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • 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.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • 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.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • General Partners means all such Persons.

  • Surviving General Partner has the meaning set forth in Section 11.2(d)(i)(A).

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

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

  • 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.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.