Class B LP Unit definition

Class B LP Unit means a unit of interest in the LP designated as a Class B LP Unit and having the rights and attributes described in the LP Agreement with respect thereto, including the right of a holder thereof to exchange such unit for a Trust Unit;

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Class B LP Unit means the Class B limited partnership units of the Partnership.

Class B LP Unit means a voting Class B limited partnership unit of the Partnership. “Class B Trust Unit” means a voting Class B trust unit of the Trust.

Examples of Class B LP Unit in a sentence

Upon execution of this Agreement, the Partnership will grant to Optionee Options (as defined in the Partnership Agreement), with each Option representing the right to purchase one Class B LP Unit set forth below at an exercise price per Class B LP Unit set forth below, under the terms of the Partnership Agreement.
The General Partner shall cancel the certificate representing the said Class B LP Unit issued to it prior to the date hereof and replace it with a certificate representing the Common LP Unit held by the General Partner.
The holders of the Class B LP Units shall have the right to one vote for each Class B LP Unit held in respect of all matters to be decided by the Limited Partners.
In the case of Class B LP Units, a Special Voting Unit is not transferable separate from the Class B LP Unit, and any transfer of a Class B LP Unit shall be made together with the applicable Special Voting Unit.
As provided in Subsection 3.1(b) above, such Class B LP Unit shall be renamed as and from the date hereof as a “Common LP Unit” such that the General Partner’s contribution to the Partnership is now equal to one Common LP Unit.

More Definitions of Class B LP Unit

Class B LP Unit or “Exchangeable Unit” means a Class B limited partnership unit of NWI Healthcare Properties LP (“NWI LP”), exchangeable for Trust Units;

Class B LP Unit means a unit of interest in Brookfield Office Properties Canada LP designated as a Class B LP Unit and having the rights and attributes described in the limited partnership agreement of Brookfield Office Properties Canada LP with respect thereto, including the right of a holder thereof to exchange such unit for a Trust Unit;

Class B LP Unit means a class B limited partnership unit of the Limited Partnership;

Class B LP Unit means a unit of interest in PRO REIT LP designated as a Class B LP Unit and having the rights and attributes described in the PRO REIT LP Agreement;

Class B LP Unit or “Exchangeable Unit” means a Class B limited partnership unit of NWI Healthcare Properties LP (“NWI LP”), exchangeable for Trust Units, all of which were exchanged into REIT units on January 15, 2024;

Class B LP Unit means the class B limited partnership units in the capital of ERES Limited Partnership.

Class B LP Unit means the Class B limited partnership units of the Partnership. “Class B LP Unit Issue Price” means $8.82 per Class B LP Unit.