Common use of No Fractional Units Clause in Contracts

No Fractional Units. No fractional Common Units shall be issued upon conversion of the Class A Convertible Preferred Unit. In lieu of any fractional Common Units to which the holder would otherwise be entitled, the Partnership shall pay cash equal to such fraction multiplied by the Class A Conversion Price. Whether or not fractional Common Units would be issuable upon such conversion shall be determined on the basis of the total number of Class A Convertible Preferred Units the holder is at the time converting into Common Units and the aggregate number of Common Units issuable upon such conversion at any time.

No Fractional Units. No fractional Common Units shall be issued upon conversion of the Class A Convertible Preferred UnitUnits. In lieu of any fractional Common Units to which the holder would otherwise be entitled, the Partnership Company shall pay cash equal to such fraction multiplied by the Class A Conversion Pricefair market value of one Common Unit as determined in good faith by the Board of Managers. Whether or not fractional Common Units would be issuable upon such conversion shall be determined on the basis of the total number of Class A Convertible Preferred Units the holder is at the time converting into Common Units and the aggregate number of Common Units issuable upon such conversion at any timeconversion.

No Fractional Units. No fractional Common Units shall be issued upon conversion of the Class A Convertible Preferred Unit. In lieu of any fractional Common Units shares to which the holder would otherwise be entitled, the Partnership shall pay cash equal to such fraction multiplied by the Class A Conversion Price. Whether or not fractional Common Units would be issuable upon such conversion shall be determined on the basis of the total number of Class A Convertible Preferred Units the holder is at the time converting into Common Units and the aggregate number of Common Units issuable upon such conversion at any timeconversion.

No Fractional Units. No fractional Class B Common Units shall be issued upon conversion of the Class A Convertible Preferred Unit. In lieu of any fractional Class B Common Units to which the holder would otherwise be entitled, the Partnership shall pay cash equal to such fraction multiplied by the Class A Convertible Preferred Unit Conversion Price. Whether or not fractional Class B Common Units would be issuable upon such conversion shall be determined on the basis of the total number of Class A Convertible Preferred Units the holder is at the time converting into Class B Common Units and the aggregate number of Class B Common Units issuable upon such conversion at any time.