Redeemable LP Unit definition

Redeemable LP Unit means a voting limited partnership unit of the Partnership redeemable at the option of the Partnership, which limited partnership units may only be held by Equiton Partners and its affiliates. Holders of Redeemable LP Units will receive Special Voting Units that will entitle the holder thereof to one vote at meetings of Voting Unitholders.
Sample 1Sample 2Sample 3
Redeemable LP Unit means a voting limited partnership unit of the Partnership redeemable at the option of the Partnership, which limited partnership units may only be held by Equiton Partners and its affiliates. In the event that Redeemable LP Units are issued by the Partnership, an equal number of Special Voting Units shall be issued to the holder of the Redeemable LP Units for nominal consideration.
Sample 1Sample 2
Redeemable LP Unit means a voting limited partnership unit of the Partnership redeemable at the option of the Partnership.
Sample 1

Examples of Redeemable LP Unit in a sentence

  • Upon redemption of a Redeemable LP Unit by the Partnership, the Special Voting Unit attached to such Redeemable LP Unit will automatically be redeemed and cancelled for no consideration without any further action of the Trustees, and the former holder of such Special Voting Unit will cease to have any rights with respect thereto.

  • A holder of Redeemable LP Units has the right to one vote for each Redeemable LP Unit held in respect of all matters to be decided by the Limited Partners.

  • A holder of Redeemable LP Units will have the right to one vote for each Redeemable LP Unit held in respect of all matters to be decided by the Limited Partners.

  • Holders of Redeemable LP Units are entitled to receive distributions per Redeemable LP Unit equal to the distributions per Class A LP Unit, Class B LP Unit, Class C LP Unit, Class F LP Unit and Class I LP Unit.

  • The Township also reports the Pension and Other Post Employment Benefits (OPEB) Trust Fund and Agency Funds (assets held by the Township in a trustee capacity).

  • For each Redeemable LP Unit issued by the Partnership, the Issuer shall issue to such recipient one Special Voting Unit entitling such holder to one vote per Special Voting Unit at a meeting of Voting Unitholders.Equiton Partners, as the Asset Manager, will receive a financing fee of up to 1% of the outstanding principal amount of a first priority mortgage, up to 1.5% of the outstanding principal amount of any second mortgage or a line of credit and 1.5% of the principal amount of the Equiton Loans.

  • Holders of Redeemable LP Units shall be entitled to receive distributions per Redeemable LP Unit equal to the distributions per Class A LP Unit.

  • The Redeemable LP Units will have a subscription price per Redeemable LP Unit that is determined by the Trustees of the Issuer from time to time and set forth in the subscription agreement(s) entered into between Equiton Partners and the Issuer and will be redeemable, in whole or in part, at any time at the option of the Partnership at a price equal to the market value of such Redeemable LP Units, as determined by the General Partner from time to time.

  • The Redeemable LP Units will have a subscription price per Redeemable LP Unit that is determined by the Trustees of the Trust from time to time and set forth in the subscription agreement(s) entered into between Equiton Partners and the Partnership and will be redeemable, in whole or in part, at any time at the option of the Partnership ata price equal to the market value of such Redeemable LP Units, as determined by the General Partner from time to time.

  • One such expansion consists ofproviding a means by which state commissions can request tailored information from the MMUs. The Commission placed certain restrictions on this right, such as limiting them to general market trends and information, and prohibiting them from being used for state enforcement purposes.192 This was done so that the MMUs would not be overwhelmed by such requests at the expense of doing their primary job, and to preserve confidentialitywhere warranted.

Related to Redeemable LP Unit

  • Mandatorily Redeemable Stock means, with respect to any Person, any Equity Interest of such Person which by the terms of such Equity Interest (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable), upon the happening of any event or otherwise, (a) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than an Equity Interest to the extent redeemable in exchange for common stock or other equivalent common Equity Interests at the option of the issuer of such Equity Interest), (b) is convertible into or exchangeable or exercisable for Indebtedness or Mandatorily Redeemable Stock, or (c) is redeemable at the option of the holder thereof, in whole or part (other than an Equity Interest which is redeemable solely in exchange for common stock or other equivalent common Equity Interests), in the case of each of clauses (a) through (c), on or prior to the Maturity Date.

  • Redeemable Interests means any Partnership Interests for which a redemption notice has been given, and has not been withdrawn, pursuant to Section 4.10.

  • non-redeemable investment fund means an issuer:

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

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

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • 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.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Mandatorily Convertible Securities means any mandatorily convertible equity-linked securities issued by the Borrower or its Subsidiary, so long as the terms of such securities require no repayments or prepayments and no mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Revolving Credit Advances and all other amounts due under this Agreement.

  • Series A Convertible Preferred Stock means the Series A Convertible Preferred Stock, $0.001 par value per share, of the Corporation.

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