Class D LP Units definition

Class D LP Units means, the Class D limited partnership units of the Partnership, and “Class D LP Unit” means any one of them.

Class D LP Units means the Class D limited partnership units in the Partnership issued from time to time in accordance with the Partnership Agreement and having the rights, privileges, restrictions and conditions set out in the Partnership Agreement;

Class D LP Units means Class D limited partnership units of Skyline LP.

Examples of Class D LP Units in a sentence

• Holders of Class B LP Units and Class D LP Units are entitled to receive distributions equivalent to the distributions on Trust Units.

• An unlimited number of any series of Class A LP Units, Class B LP Units, Class C LP Units, Class D LP Units, Class E LP Units and Class F LP Units may be issued by the LP.

• The Class B LP Units and the Class D LP Units are considered to be economically equivalent to Trust Units.

• The Class B LP Units and the Class D LP Units are non-transferable, except under certain limited circumstances, but are exchangeable into an equal number of Trust Units at the holder's option.

• The Trust is authorized to issue an unlimited number of special voting units that will be used to provide voting rights to holders of securities exchangeable, including all series of Class B LP Units, Class D LP Units, Class B LP II Units and Class B LP III Units, into Trust Units.

• The Class B LP Units and the Class D LP Units are non-transferable, except under limited certain circumstances, but are exchangeable into an equal number of Trust Units at the holder’s option.

• On completion and rental of additional space on specific properties, the Earnout options vest and the holder may elect to exercise the options and receive Trust Units, Class B LP Units, Class D LP Units, Class B LP III Units, Class B LP IV Units, Class B Oshawa South LP Units, Class D Oshawa South LP Units, Class B Oshawa Taunton LP Units, Class D Oshawa Taunton LP Units and Class B Boxgrove LP Units, as applicable.

• The Class D LP Units (owned by outside parties) are considered to be a financial liability under IFRS.

• The Class B LP Units and the Class D LP Units are considered to be economically equivalent to Trust Units and, accordingly, have been presented as equity in these consolidated financial statements.

• All Class B LP Units and Class D LP Units (owned by outside parties) have been presented as non-controlling interests and liabilities, respectively.

More Definitions of Class D LP Units

Class D LP Units means Class D units of subsidiary limited partnerships of SmartREIT, each of which will be convertible to Units.

Class D LP Units means Class D limited partnership units of Skyline LP issued in one or more series. “Closing” means closings of sales of REIT Units pursuant to the Offering.

Class D LP Units means Class D Units of the LP;

Class D LP Units means a class “D” non-voting limited partnership unit issued by the Limited Partnership; “Class E LP Units” means a class “E” non-voting limited partnership unit issued by the Limited Partnership; “Class “A” Share” means a class “A” non-voting, equity common share issued by LandCo;

Class D LP Units means the Class D CT Units of Kazana Commercial Trust.

Class D LP Units means the Class D limited partnership units of Kazana RE LP designated as “Class D Limited Partnership Units” pursuant to the Kazana RE LP Limited Partnership Agreement.