Class A Unit definition

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.
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 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.

Examples of Class A Unit in a sentence

  • We estimated the value of the beneficial conversion feature based on the dollar value of the 20% discount to the offering price of $10.00 per Class A Unit.

  • For purposes hereof, a Class A Unit issued upon conversion of a Class B Unit shall be deemed to have been issued when the Class B Unit was issued.

  • If an LTIP Unitholder fails to make such an election, such holder (and any of its transferees) shall receive upon conversion of each LTIP Unit held him or her (or by any of his or her transferees) the same kind and amount of consideration that a holder of a Class A Unit would receive if such Class A Unit holder failed to make such an election.

  • We estimated the value of beneficial conversion feature based on the dollar value of the 20% discount to the offering price of $10.00 per Class A Unit.

  • For purposes of computing the Partners’ Percentage Interests, holders of LTIP Units shall be treated as Class A Unit holders and LTIP Units shall be treated as Class A Units.


More Definitions of Class A Unit

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 shall have the meaning set forth in Section 3.01(a).
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 as more fully set forth herein (the “Exchange”); and