PI Unitholder definition

PI Unitholder means a Partner that holds PI Units.
Sample 1Sample 2Sample 3
PI Unitholder means Xxxxxx and any other Person who is issued or becomes a holder of a Profits Interest Unit.
Sample 1Sample 2

Examples of PI Unitholder in a sentence

  • A conversion of Vested PI Units for which the holder thereof has given a Conversion Notice or the Partnership has given a Forced Conversion Notice shall occur automatically after the close of business on the applicable Conversion Date without any action on the part of such PI Unitholder, as of which time such PI Unitholder shall be credited on the books and records of the Partnership with the issuance as of the opening of business on the next day of the number of OP Units issuable upon such conversion.

  • For purposes of making future allocations under Section 6.3.E and applying the Capital Account Limitation, the portion of the Economic Capital Account balance of the applicable PI Unitholder that is treated as attributable to his or her PI Units shall be reduced, as of the date of conversion, by the product of the number of PI Units converted and the OP Unit Economic Balance.

  • A Conversion Notice shall be provided in the manner provided in Section 15.1. Each PI Unitholder covenants and agrees with the Partnership that all Vested PI Units to be converted pursuant to this Section 4.9.B shall be free and clear of all liens.

  • After the conversion of PI Units as aforesaid, the Partnership shall deliver to such PI Unitholder, upon his or her written request, a certificate of the General Partner certifying the number of OP Units and remaining PI Units, if any, held by such person immediately after such conversion.

  • The General Partner shall reasonably cooperate with a PI Unitholder to coordinate the timing of the different events described in the foregoing sentence.

  • Subject to the terms of any Vesting Agreement, a PI Unitholder shall be entitled to transfer his or her PI Units to the same extent, and subject to the same restrictions as holders of OP Units are entitled to transfer their OP Units pursuant to Article XI.

  • If a PI Unitholder fails to make such an election, such holder (and any of its transferees) shall receive upon conversion of each PI Unit held him or her (or by any of his or her transferees) the same kind and amount of consideration that a holder of a OP Unit would receive if such OP Unit holder failed to make such an election.

  • At the closing, (x) the selling PI Unitholder shall deliver to the Company an assignment and release with respect to such Profits Interest Units in form and substance acceptable to the Company and (y) the Company shall deliver the Purchase Consideration to the PI Unitholder, whereupon all right, title and interest in and to such Profits Interest Units will pass to the Company.

  • Upon a PI Unitholder’s termination of employment with the General Partner and its Affiliates for Cause, both the vested and unvested portions of the PI Unitholder’s Profits Interest Units and Sharing Ratio shall be forfeited by the PI Unitholder and such PI Unitholder shall thereafter have no right to receive distributions, allocations or any other proceeds with respect to any Profits Interest Units.

  • In connection with any repurchase or forfeiture of PI Units, the balance of the portion of the Capital Account of the PI Unitholder that is attributable to all of his or her PI Units shall be reduced by the amount, if any, by which it exceeds the target balance contemplated by Section 6.3.E, calculated with respect to the PI Unitholder's remaining PI Units, if any.

Related to PI Unitholder

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

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Unit Holder means a person holding units in the scheme of the Mutual Fund.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Unitholders means the holders of Units.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Unit Member means any certificated employee of the district who is included in the appropriate unit as defined in Article 2 and therefore covered by the terms and provisions of this Agreement.

  • Initial Shareholder means any beneficial owner of the Company’s unregistered securities.

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Preferred Shareholder means any holder of Preferred Shares.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Rollover Unit holder shall be defined as set forth in Section 5.05, herein."

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Company Shareholder means a holder of Company Shares.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Holder or Unit Holder means the investor for the time being entered in the Register as owner of a Unit including investors jointly so registered pursuant to the provisions of the Trust Deed.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Class A Shareholder means a holder of Class A Shares;

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • FTR Holder means the PJM Member that has acquired and possesses an FTR.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.