Class B-5 Units definition

Class B-5 Units means a Partnership Interest representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B-5 Units in this Agreement.
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Class B-5 Units means Class B-5 Units as defined in the Partnership Agreement.
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Class B-5 Units has the meaning set forth in Section 3.2(a).
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Examples of Class B-5 Units in a sentence

  • The Class B-5 Units represent membership interests in Liberty Holdings that are intended to constitute profits interests for federal income tax purposes.

  • The Class B Units will be evidenced by Certificates in substantially the form of Exhibit A to this Amendment; provided that Class B Units designated as Class B-1 Units, Class B-2 Units, Class B-3 Units, Class B-4 Units or Class B-5 Units shall each be evidenced by separate Certificates.

  • Despite the fact that the Class B-5 Units do not require the payment of an exercise price, they are most similar economically to stock options.

  • He was in charge of the Department and responsible for directing all work therein (Transcript of Jury Trial held on April 12, 2017, pp.

  • During the staff­ ing the member providing the service shall, when neces­ sary, first review the case history and then present any additional essential data which has been collected since the initial psychiatric evaluation such as reports from other agencies and institutions and data obtained from subsequent patient contact.

  • The term “Vested Units” shall mean, with respect to an Executive’s Class B-1 Units, Class B-2 Units, Class B-3 Units, Class B-4 Units and Class B-5 Units, the number of such Units that are vested, as determined in Parts 2 through 6 of Schedule I attached hereto.

  • Amounts reported in the “Option Awards” column reflect the aggregate grant date fair value, computed in accordance with FASB ASC Topic 718, of Class B-5 Units granted to Mr. Gusek during fiscal year 2016.

  • Notwithstanding the foregoing, in the event of the termination of Executive’s service (x) by the Company or any of its Subsidiaries without Cause or (y) due to death, Disability or the Company’s or any of its Subsidiaries’ election not to extend Executive’s term of service, the Vested Units shall include that portion of the Class B-5 Units that would have become Vested Units within 12 months of such termination of service, provided the applicable goals referenced above are attained.

  • The Company hereby authorizes the issuance of --------------- Class B-5 Units, none of which are outstanding as of the date hereof.

  • The term “Unvested Units” means, with respect to Executive’s Class B-1 Units, Class B-2 Units, Class B-3 Units, Class B-4 Units and Class B-5 Units, the number of such Units that are subject to any vesting, forfeiture or similar arrangement under this Agreement.


More Definitions of Class B-5 Units

Class B-5 Units means units of Investment’s class of capital interests known as Class B-5 units.
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Class B-5 Units has the meaning assigned to such term in Section 5.7(b).
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Class B-5 Units shall have the meaning set forth in the preface.
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Related to Class B-5 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 has the meaning set forth in Section 3.04(a)(ii).

  • 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 B Interests As set forth in the Trust Agreement.

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

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

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

  • 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.

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

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Class C Units shall have the meaning set forth in the preface.

  • Class B-5 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Percentage for such Distribution Date will be zero.

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

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

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).