Examples of Class A LP Units in a sentence
All Class A LP Units are owned directly by the Trust and have been eliminated on consolidation.The Class B LP Units and the Class D LP Units are non-transferable, except under certain limited circumstances, but are exchangeable into an equal number of Trust Units at the holder's option.
At June 30, 2015, there were 63,133,698 (December 31, 2014 – 63,133,698) Class A LP Units outstanding.
An unlimited number of any series of Class A LP Units, Class B LP Units, Class C LP Units, Class D LP Units, Class E LP Units and Class F LP Units may be issued by the LP.
The Class A LP Units are entitled to all distributable cash of the LP after the required distributions on the other classes of Units have been paid.