Class A Unit definition

Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class A Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class A Unit as provided in this Agreement.

Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

Examples of Class A Unit in a sentence

Effective as of the Effective Time, (i) each Class A Unit issued and outstanding as of immediately prior to the Effective Time is deemed, without further action on the part of the Company or any Member, to be converted into one Class C Unit, (ii) such Class A Units are deemed, without any further action on the part of the Company or any Member, to be cancelled and null, void and of no further force or effect and (iii) no additional Class A Units shall be issuable under this Agreement.
Each of the Company and the Members shall treat the Class A Unit Conversion for U.S. federal, state and local income tax purposes as a tax-free amendment to the terms of and/or tax-free Section 721 exchange of the Membership Interests in the Company held by Clearway Inc.

More Definitions of Class A Unit

Class A Unit means a Class A Unit of the Company.

Class A Unit means Class A Units of the Partnership.

Class A Unit means, collectively, the class of units of the Partnership designated as the “Class A Units”. “Class F Unit” means, collectively, the class of units of the Partnership designated as the “Class F Units”. “Class P Unit” means the class of units of the Partnership designated as the “Class P Units”.

Class A Unit means any Unit having the rights and obligations specified with respect to a “Class A Unit” in this Agreement and designated as such on Schedule A hereto.

Class A Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees (but does not include Common Units), and having the rights and obligations specified with respect to Class A Units in this Agreement, which shall be identical to the rights and obligations of the Common Units except the Class A Units (i) will not have the right to vote on, approve or disapprove, or otherwise consent or not consent with respect to any matter (including mergers, share exchanges and similar statutory authorizations) except as otherwise required by any non-waivable provision of law, and (ii) will not share in any IPCH/Inergy Partners Items or any IPCH/Inergy Partners Available Cash.

Class A Unit is defined in ‎Section 2.1(b)(i).

Class A Unit means a Membership Interest designated as a Class A Unit.