Class B LP Units definition

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 B LP Units means the Class B limited partnership units of the Partnership; “Class B Units” means the Class B limited partnership units of the Operating LP;
Class B LP Units means the Class B limited partnership units in the Partnership issued from time to time in accordance with the Partnership Agreement and having the rights, privileges, restrictions and conditions set out in the Partnership Agreement;

Examples of Class B LP Units in a sentence

  • The purchase price was satisfied through the issuance of 2,394,774 Class B LP Units at a deemed value of $11.30 per unit which are convertible into REIT Units on a one-to-one basis, with the balance, net of closing adjustments, satisfied in cash.

  • The purchase price was partially satisfied through the issuance of 2,359,978 Class B LP Units at a deemed value of $10.30 per unit which are convertible to REIT Units on a one-to-one basis with the balance, net of closing adjustments, satisfied in cash.


More Definitions of Class B LP Units

Class B LP Units means the Class B limited partnership units in the capital of PROREIT LP, and “Class B LP Unit” means any one of the foregoing.
Class B LP Units means the class B limited partnership units of BTB LP, which are exchangeable for Units on a one for one basis.
Class B LP Units means a unit of interest in the LP designated as a Class B LP Unit and having the rights and attributes described in the Limited Partnership Agreement with respect thereto, including the right of a holder to exchange such unit for a Unit.
Class B LP Units means the Class B LP1 Units and the Class B LP2 Units.
Class B LP Units means the Office I LP Class B LP Units and the Office II LP Class B LP Units.
Class B LP Units means, collectively, the Class B LP limited partnership units of the Limited Partnerships, including the Office I LP Class B LP Units and the Office II LP Class B LP Units.
Class B LP Units means Class B limited partnership units of Skyline LP.