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.
Class C 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 C Units in this Agreement.
Class C Unit means any Partnership Unit that is specifically designated by the General Partner as being a Class C Unit.
Examples of Class C Unit in a sentence
Each Class C Unit shall be issued pursuant to a Profits Interest Award Agreement, which shall set forth such additional terms and conditions concerning the Class C Unit, including the vesting and forfeiture terms for such Class C Unit, as shall be determined by the Board as of the time of the award.
If any unvested Class C Unit is forfeited, the LLC shall make forfeiture allocations with respect to such Unit in accordance with Proposed Regulation §1.704-1(b)(4)(xii) or such other official guidance as shall be applicable.
More Definitions of Class C Unit
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.
Class C Unit. The Partnership Interest held by the Class C Limited Partner, each full Class C Unit representing a $2,500 Capital Contribution.
Class C Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class C Unit as provided in this Agreement.
Class C Unit means a Unit having the rights and obligations specified with respect to a “Class C Unit” in this Agreement.
Class C Unit means any Unit classified as such pursuant to the provisions of this Agreement.
Class C Unit shall have the meaning set forth in Section 3.01(a).