Class 1 LP Units definition

Class 1 LP Units means the Class 1 limited partnership units of BP Canada LP held by Holdings LP or a permitted transferee.
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Class 1 LP Units means the Class 1 limited partnership units of BP Canada LP.
Sample 1

Examples of Class 1 LP Units in a sentence

  • Consequently, the Fund estimated the fair value of Class 1 LP Units at carrying value adjusted for interest rate risk.The fair value of the Class 2 LP Units is determined using a market approach, which involves using observable market prices for similar instruments.

  • Assist the Owner in analyzing claims and/or requests for change orders to determine merit and prepare necessary documentation.

  • The Fund estimates the fair value of the Class 1 LP Units using a market-corroborated input, being the interest rate applicable on Facility D.

  • Consequently, the Fund estimates the fair value of the Class 2 LP Units by multiplying the issued and outstanding number of Class 2 LP Units indirectly held by the Fund at the end of the applicable period by the closing price of the Units at the end of that period (or previous business day, if such day is not a business day).These valuation techniques may not represent the actual value of the Class 1 LP Units and Class 2 LP Units should such units be sold.

  • The Company estimates the fair value of Class 1 LP Units at carrying value adjusted for interest rate risk.

  • Thus, the fair value of the Class 1 LP Units is estimated using a market-corroborated input (interest rate on the credit facility).

  • BPI estimates the fair value of Class 1 LP Units liability using a market-corroborated input, being the interest rate on the applicable credit facility.

  • The Class 1 LP Units are entitled to distributions with respect to the interest cost incurred on a certain credit facility held by the Fund.

  • Top-Line Fund / Increases in Franchise Sales The Fund effectively has the right to receive from BPI and BP Canada LP an amount equal to 5.5% of Franchise Sales (4.0% of which is payable via the Royalty and 1.5% of which is payable as Distribution Income on the Class 1 LP Units and Class 2 LP Units), less the pro rata portion payable to BPI in respect of its retained interest in the Fund.

  • Changes in the distribution rates on the Class 1 LP Units and Class 2 LP Units and the yield of Fund Units could materially impact BPI’s financial position and net income.

Related to Class 1 LP Units

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Units means the Class B Units of the Company.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Common Units is defined in the Partnership Agreement.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B Interests As set forth in the Trust Agreement.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).