Subordinated Units definition

Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

Subordinated Units means subordinated units representing limited partner interests in the Partnership.

Subordinated Units means Subordinated Units as defined in the Partnership Agreement.

Examples of Subordinated Units in a sentence

• The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units.

• This allocation method for establishing such economic uniformity will be available to the General Partner only if the method for allocating the Capital Account maintained with respect to the Subordinated Units between the transferred and retained Subordinated Units pursuant to Section 5.5(c)(ii) does not otherwise provide such economic uniformity to the Final Subordinated Units.

• Upon dissolution, removal or resignation of the Liquidator, a successor and substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be approved by holders of at least a majority of the Outstanding Common Units and Subordinated Units voting as a single class.

• The Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a majority of the Outstanding Common Units and Subordinated Units voting as a single class.

• The General Partner may cause the Partnership to purchase or otherwise acquire Partnership Securities; provided that, except as permitted pursuant to Section 4.10, the General Partner may not cause any Group Member to purchase Subordinated Units during the Subordination Period.

More Definitions of Subordinated Units

Subordinated Units has the meaning such term in the recitals.

Subordinated Units has the meaning set forth in the Trust Agreement.

Subordinated Units means the subordinated units representing limited partner interests in CPLP.

Subordinated Units has the meaning set forth in the LP Agreement.

Subordinated Units has the meaning set forth in the TransMontaigne Partners Partnership Agreement.

Subordinated Units means the subordinated units of MarkWest.

Subordinated Units means units representing limited partner interest of the Partnership designated as Subordinated Units and having the rights, obligations and such other terms as set forth in the Partnership Agreement.