Transfer Units definition

Transfer Units means Common Units or vested Non-Voting Incentive Units, as applicable, owned by a Member, or issued to a Member after the date hereof (including, without limitation, in connection with any unit split, recapitalization, reorganization, or the like).

Transfer Units has the meaning set forth in Section 12.5.

Transfer Units shall have the meaning set forth in Section 8.4(a).

Examples of Transfer Units in a sentence

• In connection with any request to Transfer Units, the Partnership may require the Limited Partner requesting the Transfer to obtain, at the Limited Partner’s expense, an opinion of counsel selected by the General Partner as to such matters as the General Partner may reasonably request.

• A Limited Partner intending to Transfer Units pursuant to this Section 4.06 shall provide at least 10 days prior written notice of such proposed transfer to the General Partner.

• Such Member is aware that this Agreement provides restrictions on the ability of a Member to Transfer Units, and such Member will not seek to effect any Transfer other than in accordance with such restrictions.

• Any attempt to Transfer Units that does not comply with this Article VIII will be ineffective.

• For the avoidance of doubt, subject to Section 8.04(b), in order to effectuate a Transfer of Units by a Limited Partner to an equity holder of such Limited Partner, a Limited Partner may Transfer Units to a Subsidiary of such Limited Partner and transfer its ownership in such Subsidiary to the Limited Partner’s equity holder.

More Definitions of Transfer Units

Transfer Units. As defined in Section 15.3.

Transfer Units means Common Units (other than Common Units converted from Preferred Units) and Incentive Units owned by a ROFR Subject, or issued to a ROFR Subject after the date hereof (including, without limitation, in connection with any unit split, recapitalization, reorganization, or the like).

Transfer Units means (i) in the case of a Voluntary Transfer subject to SECTION 7.3, the Units which are subject to the Voluntary Transfer and (ii) in the case of an Involuntary Transfer, the Units which are subject to the Involuntary Transfer.

Transfer Units means Units owned by a Limited Partner, or issued to a Limited Partner after the date hereof.

Transfer Units has the meaning given in clause 8.3(d)(ii).

Transfer Units means Units subject to a Proposed Transfer.

Transfer Units means Units owned by a Member, or issued to a Member after the date hereof, subject to a Proposed Transfer.