Ordinary GP Units definition

Ordinary GP Units means the ordinary general partner units of the Partnership. “Ordinary LP Units” means the ordinary limited partner units of the Partnership.
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Examples of Ordinary GP Units in a sentence

  • Ordinary LP Units and Ordinary GP Units The holders of the Ordinary LP Units are entitled to receive a pro rata share of all residual distributions.

  • The Ordinary GP Units have the right to receive distributions of $5 per month in aggregate.SIR GP Inc., a direct subsidiary of the Fund, holds 99 Ordinary GP Units and is the Managing General Partner.

  • The holders of the Ordinary LP Units are entitled to receive a pro rata share of distributions and the holders of the Ordinary GP Units receive a fixed monthly distribution of$5 in aggregate.The holders of the Class A LP Units are entitled to receive a pro rata share of all residual distributions of the Partnership.

  • On October 12, 2004, the Fund, indirectly through the Trust and SIR GP Inc., respectively, acquired all of the Ordinary LP Units and 99 Ordinary GP Units.

  • Generally, the Partnership units have no voting rights, except in certain specified conditions.The Partnership makes cash distributions to its partners in the following order of priority: i) First, to the holders of the Class C GP Units and the Class C LP Units, ii) second, to the holders of the Class B GP Units, iii) third, to the holders of the Ordinary GP Units, and iv) thereafter, to the holders of the Class A GP Units, the Class A LP Units, and the Ordinary LP Units.

  • Investment in SIR Royalty Limited PartnershipOn October 12, 2004, the Fund, indirectly through the Trust and SIR GP Inc., respectively, acquired all of the Ordinary LP Units and 99 Ordinary GP Units.

  • SIR GP Inc., a direct subsidiary of the Fund, holds 99 Ordinary GP Units and is the Managing General Partner.

  • All present employees who are not members of the Local Union and all employees who are hired hereafter, shall become and remain members in good standing of the Local Union as a condition of employment on and after the thirty-first (31st) day following the beginning of their employment, or on and after the thirty-first (31st) day following the effective date of this subsection, or the date of this Agreement, whichever is the later.

  • The Partnership’s issued capital consists of Class A LP Units, Ordinary LP Units, Ordinary GP Units, Class A GP Units, Class B GP Units and Class C GP Units.

  • The holders of the Ordinary LP Units are entitled to receive a pro rata share of distributions and the holders of the Ordinary GP Units receive a fixed monthly distribution of$5 in aggregate.During the year ended December 31, 2016, SIR converted 750,000 of its Class A GP Units in the Partnership into 750,000 Fund units and sold these Fund units.

Related to Ordinary GP Units

  • 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 Units means the Class B Units of the Company.

  • Common Units is defined in the Partnership Agreement.

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

  • Class A Common Units means the Company's Class A 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.

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

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

  • Company Units has the meaning set forth in the Recitals.

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

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

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

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

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

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • 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.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • 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”.

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).