Class B Subordinated Units definition

Class B Subordinated Units has the meaning assigned to such term in the Partnership Agreement.
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Class B Subordinated Units is defined in the Recitals of this Agreement.
Sample 1
Class B Subordinated Units means a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having rights and obligations specified with respect to the Class B Subordinated Units.
Sample 1

Examples of Class B Subordinated Units in a sentence

  • If applicable, up to one percent (1%) or a maximum of $500,000, whichever is less, of the original board approved total project budget of each new major construction project will be allocated to the enhancement of exteri- or landscape, hardscape, and waterscape features unless an excep- tion is granted by the board.

  • The Parties desire to amend the timing of voting obligations with respect to the unitholders' vote(s) for approval of the conversion of the Class B Subordinated Units to Common Units (the "Conversion").

  • One can approximate this, either by computing the sum ofpairwise point-point distances, or symbolically, using a hierar- chical gazetteer’s relations, such as in-region-of.

  • If such conversion is effected after Section 3 has become effective with respect to the Class B Subordinated Units, the terms of the final sentence of Section 4 shall also apply with respect to the Quarter in which the conversion of any Class B Subordinated Units is effected in accordance with the preceding sentence.

  • The remaining contractual maturities at the balance sheet date of the Group’s financial liabilities are all due within one year or are repayable on demand.

  • Upon the Partnership’s issuance of Common Units, Class A Subordinated Units or Class B Subordinated Units to any Person, the Partnership shall issue, upon the request of such Person, one or more Certificates in the name of such Person evidencing the number of such Units being so issued.

  • Each of the Former GP Stockholders has purchased Common Units of Heritage MLP and/or Class B Subordinated Units of limited partner interests from Heritage MLP pursuant to the terms of a Subscription Agreement dated June 15, 2000 and amended as of August 10, 2000 (the "Subscription Agreement").

  • The first term of office of President Abdelaziz Bouteflika (1999-2004) was guided by the goal of achieving internal pacification, which included the establishment of domestic security and the fight against terrorism, and social reintegration of members of armed underground groups.

  • For all these reasons, the Task Force for Responsible Fatherhood encourages all fathers to support their children personally, financially, emotionally, and legally, and to stay involved in their children's lives.

  • Immediately after the Closing, QRC will own 35,134 Class A Subordinated Units representing a 0.25% limited partner interest in Issuer and 4,900,000 Class B Subordinated Units representing a 35.44% limited partner interest in Issuer.

Related to Class B Subordinated Units

  • Final Subordinated Units has the meaning assigned to such term in Section 6.1(d)(x).

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • 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 Units has the meaning set forth in Section 3.04(a)(ii).

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

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

  • Class B Interests As set forth in the Trust Agreement.

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

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

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Common Units is defined in the Partnership Agreement.

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

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

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

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