Class D Unit definition

Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

Class D Unit means a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to a “Class D Unit” in this Agreement. A Class D Unit that is convertible into a Class A Common Unit shall not constitute a Class A Common Unit until such conversion occurs.

Class D Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class D Units in this Agreement.

Examples of Class D Unit in a sentence

• The action led to an order for compliance with technical standards in the fire-extinguishing system and rectification orders for 12 deficiencies including in the Stand Roller, the mooring equipment, the statutory certificate, the weather-tight condition and the ISM code.

• A holder of Class D Units has the right to exchange one Class D Unit indirectly for that number of Shares equal to the Class D Exchange Multiplier applicable at the date of exchange.

• The Common Units of our unit holders of record who hold 26 to 49 units will be reclassified as one Class D Unit for each unit held by such unit holders immediately before the effective time of the reclassification.

• Unit – means a Class A Unit, Class B Unit, Class C Unit, Class D Unit or any other unit representing an ownership interest in the Company issued in accordance with the terms hereof.

• The Common Units of our unit holders of record who hold less than 25 Common Units will be reclassified as one Class D Unit for each Common Unit held by such unit holders immediately before the effective time of the reclassification.

More Definitions of Class D Unit

Class D Unit shall not constitute a Common Unit until such time as such Class D Unit is converted into a Common Unit pursuant to the terms hereof.

Class D Unit means a Partnership Unit that is specifically designated by the General Partners, when issued, as being a Class D Unit under the terms of this Agreement.

Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement, and shall be a Series 1 Class D Unit or a Series 2 Class D Unit.

Class D Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class D Units in this Agreement. The term “Class D Unit” does not refer to a Common Unit, and after the conversion of a Class D Unit into a Common Unit pursuant to the terms herein, such Unit will be a Common Unit.

Class D Unit means an Interest in the Partnership designated as a Class D Unit and an Interest in the Partnership designated as a Class D-1 Unit, collectively.

Class D Unit means a Class D Unit as defined in the LLC Agreement.

Class D Unit has the meaning set forth in Section 3.4(a) and means those Units designated as Class D Units on issuance by the Company and set forth on the Member Schedule.