Class C Common Unit definition

Class C Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement and in Section 2 of the Incentive Unit Agreement as being appurtenant to a “Class C Common Unit”.

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Class C Common Unit means a Membership Interest having the rights and obligations specified with respect to Class C Common Units in this Agreement.

Class C Common 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 Common Units in this Agreement.

Examples of Class C Common Unit in a sentence

• For the avoidance of doubt, no unrealized loss or Net Loss shall be allocated with respect to a Class B Common Unit or a Class C Common Unit prior to the conversion of such Class B Common Unit or Class C Common Units into a regular Common Unit.

• The Redemption Right provided to the holders of Class C Common Unit under Section 8.6 shall not apply with respect to Vested LTIP Units unless and until they are converted to Class C Common Units as provided in Section 4.7.

• Except as set forth above or as expressly set forth in the Agreement, each individual Class A Common Unit, Class B Common Unit and Class C Common Unit shall have the same rights and obligations provided under the Agreement.

• Each Incentive Unit will correspond to a Class C Common Unit of Holdings (a “Corresponding Holdings Unit”), the aggregate amount of which is specified in the Supplemental Provisions, with the same vesting, forfeiture, and other conditions applicable to the Incentive Units, and subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Holdings, dated as of November 27, 2019 (as may be amended from time to time, the “Holdings LLC Agreement”).

• Each Executive Unit shall have a Participation Threshold equal to $«Class_C_Participation_Threshold» per Class C Common Unit and shall be designated as a Series 1 Class C Common Unit (in accordance with Section 3.5(c) of the LLC Agreement).

More Definitions of Class C Common Unit

Class C Common Unit means a Class C Common Unit as such term is defined in the LLC Agreement, or any other Unit of the Issuer into which such Class C Common Unit shall be reclassified or changed.

Class C Common Unit means a Membership Interest having the rights and obligations specified with respect to Class C Common Units in this Agreement. “Closing Price” means, in respect of any class of Non-Managing Member Interests, as of the date of determination, the last sale price on such day, regular way, or in

Class C Common Unit means any Partnership Unit denominated as such under this Agreement or at its issuance, including when arising as a result of the conversion of any LTIP Unit. “Code” means the Internal Revenue Code of 1986, as amended from time to time or any successor statute thereto, as interpreted by the applicable regulations thereunder. Any reference herein to a specific section or sections of the Code shall be deemed to include a reference to any corresponding provision of future law. “Consent” means the consent to, approval of, or vote on a proposed action by a Partner given in accordance with Article 14 hereof. “Consent of the Class A Limited Partners” means the Consent of a Majority in Interest of the Class A Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement. “Contributed Property” means each property or other asset, in such form as may be permitted by the Act, but excluding cash, contributed or deemed contributed to the Partnership (or deemed contributed to the Partnership on termination and reconstitution thereof pursuant to Section 708 of the Code). “Debt” means, as to any Person, as of any date of determination, (i) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services; (ii) all amounts owed by such Person to banks or other Persons in respect of reimbursement obligations under letters of credit, surety bonds and other similar instruments guaranteeing payment or other performance of obligations by such Person; (iii) all indebtedness for borrowed money or for the

Class C Common Unit. (each such term as defined in the Company LLC Agreement) and (iii) any Threshold Amount (as such term is defined in the Company LLC Agreement) with respect to each such Company Unit. Schedule 2.5(a) also sets forth the record holders of the Company Units. The Company Units are duly authorized, validly issued and fully paid. The Company Units are the only issued or outstanding Equity Securities of the Company. There is no Indebtedness of any Barteca Entity for which the holders thereof have the right to vote (or any Indebtedness that is convertible into or exchangeable or exercisable for securities having the right to vote) on any matters on which any Unitholder or any holder of Equity Securities of a Barteca Entity may vote. None of the Barteca Entities have any class of Equity Securities that is registered, or is subject to registration, under the Securities Exchange Act of 1934 (the “Exchange Act”) or the Securities Act, and no class of Equity Securities of any Barteca Entity is listed on a national securities exchange. At no time has any class of securities issued by the Barteca Entities been held of record by 500 or more Persons.

Class C Common Unit refers to a Common Unit and each Class C Common Unit shall be treated as if it were a Common Unit for all purposes.

Class C Common Unit means a Class C Common Unit as defined in the LLC Agreement.

Class C Common Unit refers to a Common Unit and each Class C Common Unit shall be treated as if it were a Common Unit for all purposes.