Preferred Partnership Units definition

Preferred Partnership Units means the preferred partnership units of Acquiror issued to Contributor as part of the Contribution Consideration, and as described and defined in the Acquiror's Second Amended Partnership Agreement.
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Preferred Partnership Units means, collectively, the Series A Preferred Units, the Series B Preferred Units and the Series C Preferred Units.
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Preferred Partnership Units means Partnership Units of any class or series thereof that (a) by their terms are entitled to a preference over Common Partnership Units with respect to the payment of distributions, including distributions upon liquidation or (b) have otherwise been designated by the General Partner as ranking senior in right, with respect to voting, redemption or otherwise, to the rights of Common Partnership Units.
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Examples of Preferred Partnership Units in a sentence

  • The General Partner is hereby authorized to cause the Partnership to issue such additional Partnership Interests in the form of Common Partnership Units and Preferred Partnership Units for any Partnership purpose at any time or from time to time, to the Partners or to other Persons for such consideration and on such terms and conditions as shall be established by the General Partner in its sole and absolute discretion, all without the approval of any of the Limited Partners.

  • The Series A Preferred Partnership Units are not convertible into or exchangeable for any other property or securities of the Partnership.

  • A series of Preferred Partnership Units, designated as Series A Preferred Partnership Units, is hereby established.

  • The Series D Preferred Partnership Units are not convertible into or exchangeable for any other property or securities of the Partnership.

  • In the event that Crescent Equities exercises its redemption right with respect to the Series B Redeemable Preferred Shares, the Partnership shall concurrently redeem a corresponding amount of Series B Redeemable Preferred Partnership Units at the same redemption price paid by Crescent Equities for the Series B Redeemable Preferred Shares (i.e., a redemption price of $25 per Series B Redeemable Preferred Share, plus any accrued, unpaid quarterly distribution thereon).

  • The Series A Preferred Partnership Units shall be owned and held solely by the General Partner.

  • The Series A Preferred Partnership Units have no stated maturity and will not be subject to any sinking fund or mandatory redemption provisions.

  • In the event that Crescent Equities exercises its redemption right with respect to the Series A Preferred Shares, the Partnership shall concurrently redeem a corresponding amount of Series A Preferred Partnership Units at the same redemption price paid by Crescent Equities for the Series A Preferred Shares (i.e., a redemption price of $25 per Series A Preferred Share, plus any accrued, unpaid quarterly distribution thereon).

  • Except as required by law, the General Partner, in its capacity as the holder of the Series A Preferred Partnership Units, shall not be entitled to vote at any meeting of the Partners or for any other purpose or otherwise to participate in any action taken by the Partnership or the Partners, or to receive notice of any meeting of Partners.

  • Except as required by applicable law, the holder of the Series D Preferred Partnership Units, as such, shall have no voting rights.


More Definitions of Preferred Partnership Units

Preferred Partnership Units means the Class A Units of SLT Realty Limited Partnership, a Delaware limited liability partnership, and the Class A Units and Class B Units of SLC Operating Limited Partnership, a Delaware limited liability partnership.
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Preferred Partnership Units means the “Series A Preferred Units” (as defined in the Partnership Agreement) of the Partnership.
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Preferred Partnership Units means Partnership Units issued to the Original Limited Partners as of the Effective Date, whether subsequently held by an Original Limited Partner, any other Limited Partner, an Assignee or the General Partner (following the acquisition of Tendered Units pursuant to Section 8.6 hereof).
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Preferred Partnership Units and "SERIES A PARTNERSHIP UNITS" are each defined in the Partnership Agreement of the Borrower. Unless the
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Preferred Partnership Units means the Class A Units of SLT RLP and the Class A Units and Class B Units of SLC OLP.
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Preferred Partnership Units means all Partnership Interests designated by the General Partner as Preferred Partnership Units pursuant to Section 4.02(a) of this Agreement.”
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Related to Preferred Partnership Units

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

  • 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.

  • 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.

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

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

  • 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.

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

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

  • 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.

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

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

  • 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 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.

  • Class B Units means the Class B Units of the Company.

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

  • 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.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Common Units is defined in the Partnership Agreement.

  • 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.

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

  • 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).

  • 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.

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

  • 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.

  • 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.

  • 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.