Preferred Limited Partnership Interest definition

Preferred Limited Partnership Interest means a Partnership Interest consisting of any class of Preferred Limited Partnership Units.
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Preferred Limited Partnership Interest means an ownership interest in the Partnership held by a Preferred Limited Partner and includes any and all benefits to which the holder of such a Preferred Limited Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Preferred Limited Partnership Interest may be (but is not required to be) expressed as a number of Preferred Units.
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Preferred Limited Partnership Interest means the limited partner -------------------------------------- interest in the Partnership that has the rights and privileges granted to such interest in this Agreement.
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Examples of Preferred Limited Partnership Interest in a sentence

  • Notwithstanding anything to the contrary herein, in no event shall a holder of an Exchangeable Preferred Limited Partnership Interest be entitled to receive, or shall be deemed to receive, any shares of Newmark Class A Common Stock upon any Exchangeable Preferred Newmark Exchange if, immediately upon giving effect to such receipt of such shares, an Excess Ownership Position would exist.

  • The number of Exchangeable Preferred Units issued in accordance with Section 4.09 to each Exchangeable Preferred Limited Partner in respect of such Partner’s Exchangeable Preferred Limited Partnership Interest is set forth on Schedule 4.02.

  • As of the date hereof, it is not expected that the receipt by the holder of an Exchangeable Preferred Limited Partnership Interest of the shares of Newmark Class A Common Stock upon an Exchangeable Preferred Newmark Exchange would cause the holder of the Exchangeable Preferred Limited Partnership Interest to be in an Excess Ownership Position (but no assurance is given that such holder will not be in an Excess Ownership Position in the future).

  • As of the date hereof, it is not expected that the receipt by the holder of any Exchangeable Preferred Limited Partnership Interest of the shares of Newmark Class A Common Stock upon an Exchangeable Preferred Newmark Exchange would cause the holder of such Exchangeable Preferred Limited Partnership Interest to be in an Excess Ownership Position (but no assurance is given that such holder will not be in an Excess Ownership Position in the future).

  • Schedule 4.02 shall be amended pursuant to Section 1.03 to reflect any change in the number or the issuance or allocation of the Exchangeable Preferred Units in respect of such Partner’s Exchangeable Preferred Limited Partnership Interest in accordance with this Agreement.

  • Similarly, Plaintiff says that Mr. Schultz testified that the Dallas office of Kerr- McGee Oil & Gas Corporation was the entity that, as a general matter, made use of seismic data.

  • Each Preferred Limited Partner shall contribute or cause to be contributed to the Company its respective Preferred Limited Partnership Interest, in accordance with the terms hereof, free and clear of all liens, in return for the receipt of such amount of cash as would be distributable pursuant to Sections 4.2.1(a) and 4.2.1(b) of the Partnership Agreement.

  • All distributions paid with respect to the Series E Preferred Limited Partnership Interests pursuant to this Section 2 shall be paid pro rata in respect of each Series E Preferred Limited Partnership Interest entitled thereto.

  • Notwithstanding the foregoing, the value of the Preferred Limited Partnership Interest shall be deemed to be the amount of such Partner's Capital Contribution plus the Preferred Return, reduced by any distributions received by the Preferred Limited Partner prior to such valuation.

  • After adjusting each Partner’s Capital Account for all contributions and distributions during such period and giving effect to the special allocations set forth in Section 5.3(d), and after making any allocations required to be made to any series of Preferred Limited Partnership Interest pursuant to any Terms and Conditions Supplement, all Net Income for such period shall be allocated among the Partners in proportion to their Percentage Interests.


More Definitions of Preferred Limited Partnership Interest

Preferred Limited Partnership Interest means a Partnership Interest consisting of any class of Preferred Limited Partnership
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Preferred Limited Partnership Interest means a Partnership Interest consisting of any class of Preferred Limited Partnership Units. “Preferred Limited Partnership Unit” means any Preferred Unit issued to the Wholly-Owned LP Trust in exchange for thecontribution of the net proceeds from any Preferred Offering pursuant to Section 4.7 of this Agreement.
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Preferred Limited Partnership Interest means a preferred limited partnership interest in the Partnership which qualifies as a Participating Security.
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Related to Preferred Limited Partnership Interest

  • 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.

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

  • 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.

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

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

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

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

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

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

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • 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.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • 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.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • 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.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • 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.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Preferred Member means a Member holding Preferred Units.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it pursuant to Section 5.2), the General Partner (with respect to the Incentive Distribution Rights) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.