Class B Limited Partners Sample Clauses

Class B Limited Partners. The General Partner is authorized to admit additional Persons as Class B Limited Partners of any Series in the sole and absolute discretion of the General Partner; provided that such Class B Limited Partners agree in writing to be bound by this Agreement and the terms applicable to such Series. The Sharing Ratios assigned by the General Partner to any such Class B Limited Partner admitted to the Partnership in an existing Series with respect to any Investment of such Series shall reduce the respective Sharing Ratios of each Class A Limited Partner (other than the Sharing Ratio held by the Nominee (either directly or indirectly through a Feeder Fund) in the annual Equity Pool) with respect to that Investment pro rata in proportion to their Sharing Ratios with respect to such Investment; provided that at such time as the aggregate percentage interest held by all Class B Limited Partners for that Investment equals the Percentage Cap, the Sharing Ratios assigned by the General Partner to any such Class B Limited Partner shall reduce the Sharing Ratios of all Class B Limited Partners in that Investment (other than the Sharing Ratio held by a Nominee (either directly or indirectly through a Feeder Fund) in the annual Equity Pool) on a pro rata basis in proportion to their Sharing Ratios with respect to such Investment.
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Class B Limited Partners. “Class B Limited Partners” shall mean each of the General Partner, the Mosaic Feeder and Holdings as holders of the Class B Interests.
Class B Limited Partners. (i) Nanjing High Accurate Drive
Class B Limited Partners. A Class B Limited Partner may withdraw from the Partnership and receive a distribution in redemption of the Partner’s entire Class B Limited Partnership Interest pursuant to Section 6.3 upon giving written notice to the General Partner during the thirty (30) day period immediately following the expiration of the Class B Non-Withdrawal Period. If a Class B Limited Partner elects to withdraw, the Partnership may, at its option, either repurchase the Unit or Units of such Class B Limited Partner or identify a purchaser for such Unit or Units. If the Partnership elects to identify another purchaser, the time for repurchase will automatically be extended for an additional sixty (60) day period. If a Class B Limited Partner elects to continue its investment, it may continue to be a Limited Partner in the same Class, or elect to transfer to another Class. If no election is made within the thirty (30) day withdrawal period, the Class B Limited Partner will be deemed to have elected to continue its investment in the Partnership and remain a Limited Partner in the same Class and for the same Non-Withdrawal Period applicable to such Class.
Class B Limited Partners. (a) The Partnership shall have the authority to issue not more than 1,000,000 Class B Units of which 752,500 Class B Units are outstanding on the Signing Date. Class B Units shall be issuable only to Employees or to Management Holdco. The identity of all of the Class B Limited Partners and the number of Units held by each Class B Limited Partner as of the Signing Date are reflected on Exhibit D attached hereto, which shall be amended as necessary by the Board of Directors to reflect any changes in such information. The remaining 247,500 authorized but unissued Class B Units may be issued, and the Persons to whom they are issued may be admitted as additional Class B Limited Partners, only by the Board of Directors, with the consent of the Class B Majority. As a condition to the issuance of the Class B Units, each such additional Class B Limited Partner shall execute an Adoption Agreement and any other instruments in form and substance as the Board of Directors may deem necessary or desirable to effect such admission if such Person is not already a Class B Limited Partner. The issuance of such remaining 247,500 authorized but unissued Class B Units shall dilute the Class B Limited Partners pro rata subject to the Threshold Amount provisions of ‎Section 3.02(c). No Class B Units shall be issued following the first to occur of (i) a Qualified Public Offering, (ii) a Liquidation Event, (iii) a Transfer after the Effective Date in a single transaction or a series of related transactions of 50% or more of the Class A Units, and (iv) a Reorganization. For the purposes of ‎Section 3.02(a) and ‎Section 9.06(c), the Class B Majority shall be determined by including only those holders of a majority of the Class B Units who are Employees at the time of the issuance of such additional Class B Units pursuant to this ‎Section 3.02(a).
Class B Limited Partners. 3.5.1 The names, addresses and Contingent Profits Interest of each of the Class B Limited Partners are set forth on Schedule B hereto.
Class B Limited Partners. Notwithstanding any other provisions of this Article X, the Consent, vote or approval of any of the Class B Limited Partners shall not be required for any action taken, or proposed to be taken, by the General Partner under this Agreement, including without limitation, adoption of amendments to this Agreement in accordance with Article IX hereof, nor shall the Partnership be required to forward notice of any such proposed actions, amendments or meetings to any Class B Limited Partners, except in either case with respect to any such actions or amendments or proposed actions or amendments which would adversely affect the Vested Profits Interest in the Partnership of any such Class B Partner.
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Class B Limited Partners. Refers to those Limited Partners who own Class B Limited Partnership Interests. The Class B Limited Partners are comprised of property owners, which have contributed to the Partnership a right of way for the Pipeline in exchange for a Class B Limited Partnership Interest.
Class B Limited Partners. Class B Limited Partners have received their respective Partnership Interests pursuant to the terms and conditions of the Fixed Income Securities, Limited Partnership 2005 Ownership Option Plan (the "Option Plan"). The Option Plan, pursuant to its terms, is administered by a compensation committee (the "Committee") appointed by the General Partner. The Committee was authorized to issue certain units of ownership interest in the Partnership to employees of the Partnership as an incentive to attract, retain and reward such persons for performing services for the Partnership. The units of ownership interest constitute a percentage of the Class B Limited Partnership Interests. Such Limited Partnership Interests shall not have the right to vote on any matter otherwise authorized for vote by the other Limited Partners pursuant to this Agreement. In addition, such Class B Limited Partnership Interests shall be held in the name of the General Partner as nominee for the Class B Limited Partners. Class B Limited Partners are not allowed to transfer their Partnership Interests otherwise than as permitted to Partners as provided in Article IX of this Agreement. The Partnership Interest of each Partner shall be determined for purposes of allocations and distributions as provided in Article VII of this Agreement at the time such allocations or distributions are made. Units of ownership in Class B Partnership Interests may not be granted for more than the number of Class B Partnership Interests issued as of the Effective Date, and additional Class B Partnership Interests may not be granted on or after the Effective Date, in each case, except as provided in Section 6.1.
Class B Limited Partners. All allocations of Profit and Loss (including allocations under Sections 4.3, 4.4, 4.5 and 4.6) to the Class B Limited Partners (as a class) shall be shared by the Class B Limited Partners, on a pari passu basis, in proportion to their respective percentage Class B Interests as of the date of such allocations.
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