Partnership Unit Designation definition

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

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Partnership Unit Designation shall have the meaning set forth in the Operating Partnership's LPA.

Partnership Unit Designation means this Partnership Unit Designation, as the same may be amended or modified from time to time with the consent of the Holders of the Class A Preferred Units.

Examples of Partnership Unit Designation in a sentence

Except to the extent provided in Article 5 or Article 6 hereof or otherwise expressly provided in this Agreement or in any Partnership Unit Designation, no Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee either as to the return of Capital Contributions or as to profits, losses or distributions.
Unless approval by a different number or proportion of the Partners is required by this Agreement, or any Partnership Unit Designation, the affirmative vote of a Majority in Interest of the Partners shall be sufficient to approve such proposal at a meeting of the Partners.
Except as provided in Section 11.2.B, and subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner may not Transfer all or any portion of its Partnership Interest without the Consent of the Partners.
Except as expressly provided in this Agreement or in any Partnership Unit Designation, no Person, including, without limitation, any Partner or Assignee, shall have any preemptive, preferential, participation or similar right or rights to subscribe for or acquire any Partnership Interest.
Except pursuant to the rights of Redemption set forth in Section 15.1 hereof or in any Partnership Unit Designation, no Limited Partner shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon dissolution of the Partnership as provided herein.

More Definitions of Partnership Unit Designation

Partnership Unit Designation has the meaning set forth in Section 4.2(a) hereof.

Partnership Unit Designation means (i) with respect to the Partnership Preferred Units issued to the Special Limited Partner pursuant to Section 4.1, the description of the terms of such Partnership Preferred Units as set forth in Exhibit D and (ii) with respect to Partnership Preferred Units issued after the date of this Agreement, a description of the terms of such Partnership Preferred Units as described in and referred to as a “Preferred Unit Designation” in Section 4.2.A. The terms set forth in a Preferred Unit Designation with respect to a particular Partnership Preferred Unit shall determine the special rights, privileges and obligations of such Partnership Preferred Unit.

Partnership Unit Designation has the meaning set forth in Section 3.2(c).

Partnership Unit Designation means a written document attached to and made an exhibit to the OP Agreement setting forth the designations, preferences, redemption rights, and other special rights, powers and duties of the Series A Preferred Units.

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Partnership Unit Designation has the meaning set forth in Section 4.02(a)(i) hereof. “Percentage Interest” means the percentage determined by dividing the number of Partnership Units of a relevant Partner by the aggregate number of Partnership Units of all relevant Partners, determined on a class-by-class, group of classes or aggregate basis, as the context requires and as determined by the General Partner, and treating