Preferred Units definition

Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

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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.

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

Examples of Preferred Units in a sentence

• Such Blocker was formed for the sole purpose of, and such Blocker has conducted no activity other than, holding the Series B Preferred Units held by such Blocker and any activities ancillary or related thereto.

• The Series A Preferred Units shall have the rights, powers, privileges, preferences and restrictions set forth in the A&R LLC Agreement.

• Such OIC Investor further represents that it does not have any Contract, directly or indirectly, with any Person to sell, transfer or grant participation to such Person or to any third Person with respect to any of the Series A Preferred Units.

• Such OIC Investor understands that the Series A Preferred Units have not been, and will not be, registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such OIC Investor’s representations as expressed herein or otherwise made pursuant hereto.

• Such OIC Investor is acquiring the Series A Preferred Units hereunder in the ordinary course of its business.

More Definitions of Preferred Units

Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof.

Preferred Units means a Class of Units, in one or more series, designated as “Preferred Units,” which entitles the holder thereof to a preference with respect to the payment of distributions over the Class A Units and any other Junior Units then outstanding as set forth herein.

Preferred Units has the meaning set forth in the LLC Agreement.

Preferred Units means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.

Preferred Units has the meaning set forth in the Recitals.

Preferred Units means the preferred limited partnership units in the capital of BEP.

Preferred Units means preferred units of the Trust that may be created in the future, and “Preferred Unit” means any one of them.