BBP Unit definition

BBP Unit is a Unit (as that term is defined in the BBP Partnership Agreement) in BBP;
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Examples of BBP Unit in a sentence

  • Subject to Section 8.1.2, the “Redemption Amount” shall be the product of (a) the Market Value of one BBP Unit multiplied by the number of Redemption-Exchange Units specified in a Redemption Notice to be redeemed and (b) the Exchange Ratio.

  • Subject to Section 8.1.2, the “Redemption Amount” shall be either (i) the product of (a) the Market Value of one BBP Unit multiplied by the number of Redemption-Exchange Units specified in a Redemption Notice to be redeemed and (b) the Exchange Ratio or (ii) such other amount of cash as may be agreed by the relevant Redemption Exchange Unitholder and the Partnership.

Related to BBP Unit

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.