Common use of Terms of Class B Units Clause in Contracts

Terms of Class B Units. No approvals are required by NASDAQ, the Partnership Agreement or applicable Law to approve the conversion of Class B Units into Common Units except for such approvals as have been obtained or will be obtained as promptly as practicable following the Closing.

Appears in 3 contracts

Samples: Class B Convertible Preferred Unit Subscription Agreement (Capital Product Partners L.P.), Class B Convertible Preferred Unit Subscription Agreement (Capital Product Partners L.P.), Class B Convertible Preferred Unit Subscription Agreement (Capital Product Partners L.P.)

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Terms of Class B Units. No approvals are required by NASDAQ, the Partnership Agreement or applicable Law to approve the conversion of Class B Units into Common Units except for such approvals as have been obtained or will be obtained as promptly as practicable following the each Closing.

Appears in 1 contract

Samples: Class B Convertible Preferred Unit Subscription Agreement (Capital Product Partners L.P.)

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