Participating Class B Common Unit definition
Participating Class B Common Unit means, with respect to any Distribution pursuant to Section 4.1(b), a Class B Common Unit that has a Participation Threshold that is less than the amount determined by dividing (i) the sum of (A) the amount of such Distribution pursuant to Section 4.1(b) and (B) the Participation Thresholds of all outstanding Class B Common Units that have an equal or lesser Participation Threshold, by (ii) the sum of (A) the number of outstanding Class A Common Units and (B) the number of outstanding Class B Common Units that have an equal or lesser Participation Threshold.
Participating Class B Common Unit means, with respect to any Distribution pursuant to Section 4.1(a)(iii), a Class B Common Unit that has a Participation Threshold that is less than the amount determined by dividing (a) the sum of (i) the amount of such Distribution pursuant to Section 4.1(a)(iii) and (ii) the sum of the Participation Thresholds of all outstanding Class B Common Units (including the Participating Class B Common Unit) that have an equal or lesser Participation Threshold to such Class B Common Unit by (b) the sum of (i) the number of outstanding Class A Common Units and (ii) the number of outstanding Class B Common Units that have an equal or lesser Participation Threshold to such Class B Common Unit.