Principal Underwriter shall have the meanings given them in the 1940 Act.
Principal use means when a vessel is used on waters of this state for one hundred eighty-three days or more.
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.
Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.
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 A LP Units means, collectively, the Class A limited partnership units of the Partnership.
Class B Interests As set forth in the Trust Agreement.
Class B Interest Each of the Class B-1 and Class B-2 Interests.
Class B Common Units has the meaning set forth in Section 1(a) hereof.
Investment Company means an investment company as defined in the Investment Company Act.
Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."
Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.
Partnership Units or “Units” has the meaning provided in the Partnership Agreement.
Subordinated Units has the meaning assigned to such term in the Partnership Agreement.
Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.
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.
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.
Tendered Units shall have the meaning set forth in Section 8.6.A.
Junior Units means any Partnership Unit representing any class or series of Partnership Interest ranking, as to distributions, or rights upon voluntary or involuntary liquidation, dissolution or winding up of the Partnership, junior to Series A Preferred Units.
affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.
Common Units is defined in the Partnership Agreement.
Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
Class D Units has the meaning ascribed to such term in the LLC Agreement.
principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;
General Partner Units has the meaning assigned to such term in the Partnership Agreement.
OP Units means units of limited partnership interest in the Operating Partnership.