Parity Partnership Units definition

Parity Partnership Units shall have the meaning set forth in paragraph (b) of Section 7 of this Exhibit H.
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Parity Partnership Units shall have the meaning set forth in Section 3(b) of this Partnership Unit Designation.
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Parity Partnership Units shall have the meaning set forth in paragraph (b) of Section 9 of this EXHIBIT E.
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Examples of Parity Partnership Units in a sentence

  • Except as set forth in the preceding sentence, unless distributions on the Preferred Units equal to the full amount of accumulated and unpaid distributions have been or contemporaneously are declared and paid, or declared and a sum sufficient for the payment thereof has been or contemporaneously is set apart for such payment, for all past distribution periods, no distributions shall be declared or paid or set apart for payment by the Partnership with respect to any Parity Partnership Units.

  • Except as set forth in the preceding sentence, unless all accumulated and unpaid distributions on the Class A Preferred Units have been or contemporaneously are declared and paid, or declared and a sum sufficient for the payment thereof has been or contemporaneously is set apart for such payment, no distributions shall be declared or paid or set apart for payment by the Partnership with respect to any Parity Partnership Units.

  • The Series A Preferred Partnership Units are Parity Partnership Units with the Series C Preferred Partnership Units, and all Common Partnership Units shall rank junior to Preferred Partnership Units as to rights to receive distributions and rights upon liquidation, dissolution or winding up of the Partnership.

  • When distributions are not paid in full upon the Preferred Units or any Parity Partnership Units, or a sum sufficient for such payment is not set apart, all distributions declared upon the Preferred Units and any Parity Partnership Units shall be declared ratably in proportion to the respective amounts of distributions accumulated and unpaid on the Preferred Units and accumulated and unpaid on such Parity Partnership Units.

  • Nothing --------- contained in Exhibit F or Exhibit T to this Partnership Agreement shall prohibit --------- --------- the Partnership from issuing additional Partnership Units which are Parity Partnership Units with the Series D Preferred Partnership Units.

  • Upon any liquidation, dissolution or winding up of the Partnership, after all allocations shall have been made in full to the holders of Preferred Units and any Parity Partnership Units to enable them to receive their respective liquidation preferences, any Junior Partnership Units shall be entitled to receive any and all assets remaining to be paid or distributed, and the holders of the Preferred Units and any Parity Partnership Units shall not be entitled to share therein.

  • The Series A Preferred Partnership Units, the Series C Preferred Partnership Units and the Series D Preferred Partnership Units are Parity Partnership Units with each other, and all Common Partnership Units shall rank junior to Preferred Partnership Units as to rights to receive distributions and rights upon liquidation, dissolution or winding up of the Partnership.

  • Nothing contained in Exhibit F or --------- --------- Exhibit S to this Agreement shall prohibit the Partnership from issuing --------- additional Partnership Units which are Parity Partnership Units with the Series C Preferred Partnership Units.

  • The Series B Partnership Preferred Units are Parity Partnership Units and the Series A Partnership Preferred Units are Junior Partnership Units.

  • Notwithstanding the foregoing provisions of this Section 4, the Partnership shall not be prohibited from (i) declaring or paying or setting apart for payment any distribution on any Parity Partnership Units or (ii) redeeming, purchasing or otherwise acquiring any Parity Partnership Units, in each case, if such declaration, payment, redemption, purchase or other acquisition is necessary to maintain the Previous General Partner's qualification as a REIT.

Related to Parity Partnership Units

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

  • 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.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • 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.

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

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

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • 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.

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

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

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

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

  • 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.

  • 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.

  • 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 the Act.

  • 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.

  • 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.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

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

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

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

  • 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.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Common Units is defined in the Partnership Agreement.