Class B Profits Units definition

Class B Profits Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class B Profits Units” in this Agreement.
Sample 1Sample 2
Class B Profits Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to "Class B Profits Units" in this Agreement.
Sample 1Sample 2

Examples of Class B Profits Units in a sentence

  • The Company is authorized to issue three types of membership interests (“Members”): Preferred Units (“Preferred”), Class A Units (“Class A”), and Class B Profits Units (“Class B”).

  • Na základě provedených analýz budou definovány významné rozdíly mezi porovnávanými způsoby přeměn a taktéž budou zmíněny případné nedostatky, které se vyskytly při realizaci přeměn vybrané společnosti v minulosti.

  • In addition to the Class A Preferred Units, Class A Common Units and Class B Profits Units, the Company is hereby authorized, subject to compliance with Section 1.01 and Section 9.01(b), to authorize and issue or sell to any Person any new type, class or series of Units not otherwise described in this Agreement, which Units may be designated as classes or series of the Preferred Units, Common Units or Profits Units but having different rights (collectively, “New Interests”).

  • Upon receipt of the Class B Offering Member Notice, if, within 60 (sixty) days from the date of the Class B Offering Member Notice, none of the other Members holding Class B Profits Units wish to continue the business of the Company, the Board will either seek to sell the Company or the Company will be dissolved.

  • Xxxxxxx Title: Trustee EXHIBIT A FORM OF JOINDER AGREEMENT SCHEDULE A MEMBERS SCHEDULE (Effective as of March 29, 2012) Member Name and Address Class A Preferred or Common Units (Units designated as Voting Units) Capital Account Balance Attributable to Class A Preferred or Common Units Class B Profits Units(Units designated as Voting Units) Capital Account Balance Attributable to Class B Profits Units Xxxxxx X.

  • Upon receipt of the Class B Offering Member Notice, if, within 60 days from the date of the Class B Offering Member Notice, none of the other Members holding Class B Profits Units wish to continue the business of the Company, the Board will either seek to sell the Company or the Company will be dissolved.

  • Upon the grant of a Share-Settled Award related to Class B Profits Units, the remaining number of Class B Profits Units available for issuance under the Plan shall be reduced by the number of Class B Profits Units granted.

Related to Class B Profits 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 B Units has the meaning set forth in Section 3.04(a)(ii).

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

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

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

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

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • LTIP Unitholder means a Partner that holds LTIP Units.

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

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Class B Members means all such Persons.

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

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.