Restricted Class B Units definition

Restricted Class B Units has the meaning set forth in Section 16.2(a)(i) hereof.
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Restricted Class B Units and shall remain subject to forfeiture as provided in this Section 16.2(a) until the requirements of this Section 16.2(a) have been satisfied.
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Restricted Class B Units has the meaning set forth in the Recitals.
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Examples of Restricted Class B Units in a sentence

  • In the case of a holder of Restricted Class B Units, such contribution shall not exceed an amount equal to the excess of the cash distributions of Net Sales Proceeds made (if any) to such holder of Restricted Class B Units over the amount of Net Property Gain and Liquidating Gain allocated to such holder of Restricted Class B Units in accordance with subparagraph 1(c)(ii) of Exhibit B.

  • Restricted Class B Units shall not be convertible into OP Units until they become Unrestricted Class B Units.


More Definitions of Restricted Class B Units

Restricted Class B Units means Class B Units issued by the Partnership to the Trustee under the Plan that are subject to vesting conditions specified by the Equity Board upon the issuance of such Class B Units.
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Related to Restricted Class B Units

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

  • Restricted Classes As defined in Section 4.02(e).

  • 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.

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

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Eligible interests means interests or memberships.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

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

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

  • 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 D Units has the meaning ascribed to such term in the LLC Agreement.

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

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

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

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

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • 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.