Class C Limited Partners definition

Class C Limited Partners means, at any time (a) prior to the unitization of the Class C Limited Partners’ Interests, those Persons who are Class C Limited Partners of the Borrower pursuant to the Partnership Agreement at such time, and (b) from and after the unitization of the Class C Limited Partners’ Interests, those Persons whose investment in the Borrower will be designated as preferred units, pursuant to the Partnership Agreement at such time.
Sample 1
Class C Limited Partners means those Limited Partners who are management level employees of the Partnership or the General Partner, or any Affiliate thereof. "Class C Limited Partner" means any one of the Class C Limited Partners.
Sample 1
Class C Limited Partners. 3 1.19. “Code” 3 1.20. “Columbia” 3 1.21. “Columbia Affiliate” 3 1.22. “Columbia Sub” 3 1.23. “Contribution Agreement” 4 1.24. [RESERVED] 4 1.25. “General Partner” 4 1.26. “Hospital” 4 1.27. “Limited Partner” 4 1.28. “Liquidator” 4 1.29. “New Hospital” 4 1.30. “Partners” 4 1.31. “Partnership” 4 1.32. “Person” 4 1.33. “Qualified Purchaser” 4 1.34. “Sharing Percentage” 4 1.35. “Substituted Limited Partner” 5 1.36. “Syndication Expenses” 5 1.37. “Terminating Event” 5
Sample 1

Examples of Class C Limited Partners in a sentence

  • The Partners acknowledge that certain Active Partners (including former Active Partners) and the Class C Limited Partners will receive compensation for services, and such compensation may, for U.S. federal income tax purposes, be treated as a guaranteed payment for services under Code section 707(c).

  • Subject to approval of the Class A Limited Partners, the General Partner may issue limited partnership interests in the Partnership to individuals who are eligible as Class C Limited Partners and admit them to the Partnership as additional Limited Partners, which in all instances shall comply with applicable securities laws.

  • The parties desire to amend the Support Agreement to include as Class C Limited Partners, Red Hat, Norwest, Thxxxx Xexxxx xnd the New Investors.

  • The Debtor has four classes of partners: the general partner (Petroglyph), the Class A Limited Partner, the Class B Limited Partners, and the Class C Limited Partners.

  • The General Partner is authorized to issue limited partnership interests in the Partnership to Persons who are Qualified Purchasers (as to Class A Units) or are eligible as Class B Limited Partners or Class C Limited Partners and to admit them to the Partnership as Additional Limited Partners; provided, however, that the issuance of such limited partnership interests must comply with applicable securities laws.

  • The Class C Limited Partners and Trout shall be granted demand and piggy-back registration rights for the Units acquired pursuant to this Second Amendment, as more particularly set forth in that certain Registration Rights Agreement by and among the Partnership, the Class C Limited Partners and Trout entered into contemporaneously with this Second Amendment.

  • With respect to any distribution pursuant to Sections 7.2(a)(ii), 7.2(b)(ii), 7.2(b)(iii) or 7.2(d)(ii), the Class C Recapture Amount shall be an amount equal to (a) the aggregate amount then distributable pursuant to such Section 7.2(a)(ii), 7.2(b)(ii), 7.2(b)(iii) or 7.2(d)(ii) as the case may be, multiplied by (b) the aggregate Priority Unit Percentage Interest of all Class C Limited Partners.

  • The financing commitment consists of a $375 million, seven years senior term loan facility and a $50 million revolving credit facility which will replace our current revolver.

  • Upon the execution of this Fourth Amendment by all the parties hereto, effective the date set forth above, Norwest, Red Hat and Xxxxxx Xxxxxx shall become Additional Limited Partners of the Partnership as "Class C Limited Partners", having the rights and interests of Class C Limited Partners as set forth in the Second Amendment except as otherwise provided herein.

  • Xxxxxx ("Xxxxxx"), the new General Partner will be selected by and with the Approval of the Class A Limited Partners and the Class C Limited Partners.


More Definitions of Class C Limited Partners

Class C Limited Partners means those limited partners of the Partnership who are management level employees of the Partnership or the General Partner. Further, Columbia Sub and/or any Columbia Affiliate, and Bartow and/or any Bartow Affiliate may become a Class C Limited Partner as a subsequent transferee from a Class C Limited Partner. “Class C Limited Partner” means any one of the Class C Limited Partners.
Sample 1
Class C Limited Partners means any lawful holder of a Class C Unit, which shall be limited to those limited partners of the Partnership who are (i) management level employees of the General Partner (but not more than ten such employees), and (ii) Columbia and/or any Columbia Affiliate; together with any person or entity to which said Unit may be lawfully and properly assigned under the provisions of this Agreement. Any individual who may lawfully hold Class C Units pursuant to the foregoing definition is hereinafter referred to as a "Qualified Class C Limited Partner." "Class C Limited Partner" means any one of the Class C Limited Partners.
Sample 1
Class C Limited Partners set forth in Section 1.17 of the Partnership Agreement is hereby amended and restated in its entirety to read as follows:
Sample 1
Class C Limited Partners means any lawful holder of a Class C Unit, which shall be limited to those limited partners of the Partnership who are (i) management level employees of the General Partner (but not more than ten such employees) and (ii) Columbia and/or any Columbia Affiliate before the effective date of the Spin-off and LifePoint and/or any LifePoint Affiliate on or after the effective date of the Spin-off; together with any person or entity to which said Unit may be lawfully and properly assigned under the provisions of this Agreement. Any individual who may lawfully hole Class C Units pursuant to the foregoing definition is hereinafter referred to as a
Sample 1
Class C Limited Partners means those Limited Partners who are management level employees of the Partnership or the General Partner, or any Affiliate thereof. “Class C Limited Partner” means any one of the Class C Limited Partners. by dividing the number of Units owned by such Partner by the number of Units owned by all of the Partners in the same class as such Partner (with the Class B Limited Partners being treated as one class and the General Partner and the other Limited Partners being treated as one class), multiplied by eighty one percent (81%) with respect to the General Partner and the Class A Limited Partners and multiplied by nineteen percent (19%) with respect to the Class B Limited Partners. The Partners hereby agree that their Percentage Interests shall constitute their interests in the Partnership profits for purposes of determining their respective shares of the Partnership’s “excess nonrecourse liabilities” (within the meaning of section 1.752-3(a)(3) of the Regulations).
Sample 1

Related to Class C Limited Partners

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership 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.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

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

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

  • Class B Members means all such Persons.

  • Class A Members means those Members who have purchased Class A Interests.

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

  • Original Limited Partner means the Limited Partners designated as “Original Limited Partners” on Exhibit A hereto.

  • Limited Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 1, 2017, as amended, supplemented or restated from time to time.

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

  • 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”.

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

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

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

  • Limited Partners means all such Persons.

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