Class B Partner definition

Class B Partner means a Limited Partner all or any portion of whose Limited Partnership Interest is evidenced by Class B Units.

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Class B Partner means the Partner that holds the Class B Interest.

Class B Partner and “Class B Partners” means a Limited Partner, in its capacity as a holder of record of Class B Interests, in each case so long as such Person is shown on the Partnership’s books and records as the owner of Class B Interests hereunder (or Calpine Shares received in redemption therefor pursuant to Section 6.05), but excluding the Partnership, the General Partner and the Class A Partners in the event the Partnership, the General Partner and/or the Class A Partners purchase Class B Interests pursuant to this Agreement.

Examples of Class B Partner in a sentence

Without limiting the generality of the foregoing, and except as otherwise set forth in this Section 11.2(a), this Agreement may be amended without the consent or approval of any Limited Partner, including any Class B Partner.
In the event that any Partner other than the Class B Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.
So long as the Class B Interest or an Advisor Redemption Interest remains outstanding, the Partnership shall not, without the consent of the Class B Partner or the holders of the Advisor Redemption Interest, as applicable, given in person or by proxy, amend, alter or repeal, whether by merger, consolidation or otherwise, the provisions of the Partnership Agreement applicable to such Interest so as to materially and adversely affect any right, privilege or voting power of such Interest or such Partner.
Notwithstanding the foregoing, no Selling Class B Partner shall be liable to the Company for amounts in excess of the lesser of (i) such apportionment and (ii) the amount received by such holder in the offering giving rise to such liability.
In connection with any such Redemption, the Redeeming Partner shall also transfer to PAGP an equivalent number of PAGP Class B Shares and Holdings GP Units (unless such Redeeming Partner is a former Class B Partner who did not receive any Holdings GP Units upon the conversion of the applicable Class B Units).

More Definitions of Class B Partner

Class B Partner means a Partner who owns one or more Class B Units.

Class B Partner means KAI, in its capacity as a Limited Partner, and its permitted successors and assigns of such Limited Partner interest.

Class B Partner means an employee of the Company or any of its Affiliates who holds Class B Units.

Class B Partner means any limited partner of Holdings that owns, or the direct or indirect owner of which owns, Class B Common Shares at the time of an Exchange by such limited partner.

Class B Partner. American Land.

Class B Partner shall have the meaning set forth in the first paragraph of this Agreement.

Class B Partner at any time means any holder of Class B Units, and "Class B Partners" mean all such holders.