Preferred Unit Issue Price definition

Preferred Unit Issue Price means (i) with respect to GP Preferred Units, (a) the amount of the Required Funds contributed or deemed to have been contributed by the General Partner in exchange for a GP Preferred Unit or (b) in the case of GP Preferred Units issued in respect of a Related Issue issued upon conversion of or in exchange for any LP Preferred Units, the liquidation preference of such GP Preferred Unit upon issuance, and (ii) with respect to LP Preferred Units, the liquidation preference of such LP Preferred Unit upon issuance.
Preferred Unit Issue Price means the amount of the Required Funds contributed or deemed to have been contributed by a General Partner in exchange for a Preferred Unit.
Preferred Unit Issue Price means the amount of the funds contributed or deemed to have been contributed by the relevant Partner, in exchange for the Preferred Units. "Preferred Units" shall mean interests in the Partnership issued pursuant to Section 4.4 hereof. The holder of Preferred Units shall have such rights to the allocations of Net Income or Net Loss as specified in Section 6.1 hereof and to distributions pursuant to Section 6.2 hereof, but shall not, by reason of its ownership of such Preferred Units, be entitled to participate in the management of the Partnership or to consent to or approve any action which is required by the Act or this Agreement to be approved by any or all of the Partners. "Properties" or "Property" shall mean any real property in which the Partnership, directly or indirectly, holds or acquires ownership of a fee, mortgage or leasehold interest. "Property Partnerships" shall mean and include any partnership or other Entity in which the Partnership is or becomes a partner or other equity participant and which is formed for the purpose of acquiring, developing or owning a Property or a proposed Property. "Qualified Individual" shall have the meaning set forth in Section 13.2(b) hereof. "Registered Agent" shall have the meaning set forth in Section 2.5 hereof. "Registered Office" shall have the meaning set forth in Section 2.5 hereof.

Examples of Preferred Unit Issue Price in a sentence

  • The initial Capital Account balance with respect to each Series A Preferred Unit will be equal to the Series A Preferred Unit Issue Price.

  • The initial Capital Account balance in respect of each Class A Preferred Unit issued on the applicable date shall be the Class A Preferred Unit Issue Price for such Class A Preferred Unit, and the initial Capital Account balance in respect of each additional Class A Preferred Unit issued pursuant to Section 5.12(e) shall be zero.

  • Subject to the immediately succeeding sentence and Section 5.12(g), each Class A Preferred Unit shall have an issue price equal to the Class A Preferred Unit Issue Price determined at the applicable Class A Preferred Issuance Date for such Class A Preferred Unit.


More Definitions of Preferred Unit Issue Price

Preferred Unit Issue Price means (i) with respect to GP

Related to Preferred Unit Issue Price

  • Issue Price With respect to each Class of Certificates, the “issue price” as defined in the Code and Treasury regulations promulgated thereunder.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.