Series P Units definition

Series P Units means Series P currency hedged mutual fund units of Purpose Strategic Yield Fund and/or Purpose Multi-Asset Income Fund, as applicable.
Sample 1Sample 2Sample 3
Series P Units means series P units of the Fund.
Sample 1

Examples of Series P Units in a sentence

  • The Manager is entitled to receive a performance fee (Performance Fee) to be calculated and accrued on each Valuation Date and Additional Pricing Date for Series A, Series F and Series P Units and paid monthly.

  • Upon the consummation of the Business Combination, all vested Series P Units were exchanged for common stock of the Company determined pursuant to the distribution provision of the limited liability agreement of SVE and the Merger Agreement.

  • The stock-based compensation expense for SVE’s Series P Units was pushed down to the operating entity and thus recorded in the Company’s condensed consolidated financial statements with a corresponding credit to equity as a capital contribution.

  • Series M and Series P Units are available to investors who meet eligibility requirements and who invest a minimum of $500,000 in respect of the Trust and $1,000,000 in respect of the Partnership.

  • The Series O Preferred Units shall rank on a parity with the Series I Units, the Series P Units, the Series Q-1 Preferred Units, and the Series Q-2 Preferred Units outstanding on the date hereof in the payment of distributions and in the distribution of assets upon liquidation, dissolution or winding up of the Trust (such Series I Units are referred to as “Parity Units”).

  • Stock-based compensation expense is related to the grant of restricted units under the 2022 Equity Incentive Plan ("2022 Plan"), the grant of unit options and restricted units granted under the 2020 Equity Incentive Plan ("2020 Plan") and the grant of San Vicente Equity Joint Venture LLC's ("SVE") Series P profit units ("Series P Units") to Catapult Goliath LLC (“Catapult Goliath”), a related party wherein certain members of Catapult Goliath were executives of the Company.

  • The Trust may create additional Series of units without the approval of existing unitholders, provided that the number of units issued of any new Series with a priority or preference, together with the number of Series P Units issued, may not exceed 60% of the number of all units issued at any one time.

  • Each holder of Series A Units, Series B Units, Series E Units, Series F Units, Series P Units, Series M Units and Series I Units shall be entitled to receive the amount received from the Partnership w ith respect to the Corresponding LP Unit of such Trust Units in the same manner as a distribution by the Fund after paying, retiring or discharging or making provision for the payment, retirement or discharge of all know n liabilities and obligations of the Fund.

  • As a result, the vested Series P Units were exchanged for 6,497,593 shares of common stock of the Company.2022 Plan Executive Incentive Awards – Market Condition AwardsThe Company entered into employment agreements with the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”).

  • The Series O Preferred Units shall rank on a parity with the Series I Units, the Series P Units, the Series Q-1 Preferred Units, and the Series Q-2 Preferred Units A-7 outstanding on the date hereof in the payment of distributions and in the distribution of assets upon liquidation, dissolution or winding up of the Trust (such Series I Units are referred to as "Parity Units").

Related to Series P Units

  • 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.

  • Class B Units means the Class B 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.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series A Shares means Series A currency hedged mutual fund shares or Series A non-currency hedged mutual fund shares of a fund, as applicable.

  • Common Units is defined in the Partnership Agreement.