Class E Common Unit definition

Class E Common Unit means a unit representing a limited partner interest in the Partnership and designated in the Register as a Class E Common Unit as subdivided, reclassified or otherwise modified from time to time in accordance with this Agreement.

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Class E 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 E Common Units in this Agreement.

Class E Common Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to the Class E Common Units in this Agreement. Unless otherwise specifically provided herein or under applicable law, the term “Class E Common Unit” refers to a unit of a series of the class of Common Units and each Class E Common Unit shall be treated as if it were a Common Unit for all purposes.

Examples of Class E Common Unit in a sentence

• For the avoidance of doubt, in no event shall the Economic Capital Account Balance attributable to any Class A Common Unit be reduced pursuant to this Section 6.1(c)(i) except to the extent a corresponding Class E Common Unit achieves its Book-Up Target.

• No Class E Limited Partner shall be permitted to exchange any Class E Common Unit pursuant to the Exchange Agreement except (i) to the extent that the Class E Common Unit has converted into a Class A Common Unit and satisfies the Book-Up Target at the time of such exchange and (ii) subject to the other terms of this Agreement.

• The terms of the Class E Common Units will be changed, automatically and without further action, on the Class E Conversion Effective Date so that each Class E Common Unit is converted into one Common Unit and, immediately thereafter, none of the Class E Common Units shall be Outstanding.

• Except as otherwise set forth herein, the Partnership Unit Holders shall vote together as a single class and group of Limited Partners of the Partnership on all matters on which they are entitled to vote under this Agreement, under the Act, or otherwise, provided, for the avoidance of doubt, that the Class E Common Unit Holders shall not have any voting rights under this Agreement, under the Act or otherwise, except as expressly set forth in Section 14.9 or as required by law.

• Notwithstanding anything contained herein to the contrary, the Class E Common Unit Holders shall not have any voting rights under this Agreement, under the Act or otherwise, except as expressly set forth in Section 14.9.

• All material transactions since the incorporation of the Company between the Company and Related Persons that require approvals pursuant to English Law or the Existing Company Articles have been duly approved.

• Each Class E Common Unit will be entitled to the number of votes equal to the number of Common Units into which a Class E Common Unit is convertible at the time of the record date for the vote or written consent on the matter.

• Except as otherwise provided in this Agreement, the Class E Common Units shall have the right to share in partnership distributions of Available Cash pursuant to Section 6.3, 6.4 or 6.5 on a pro rata basis with the Common Units (excluding distributions with respect to (A) the Quarter commencing on April 1, 2015 and (B) the Quarter commencing on January 1, 2015), so that the amount of any Partnership distribution to each Common Unit will equal the amount of such distribution to each Class E Common Unit.

• Each Class E Common Unit shall be convertible, at the option of the holder thereof, into Common Units on a one-for-one basis anytime from and after February 15, 2008.

• Such conversion shall be deemed to have been made as of the date of surrender of the Class E Common Unit certificates pursuant to this Section 5.13(c), and the Person entitled to receive the Common Units issuable upon such conversion shall be treated for all purposes as the record holder of such Common Units on said date.

More Definitions of Class E Common Unit

Class E Common Unit refers to a unit of a series of the class of Common Units and each Class E Common Unit shall be treated as if it were a Common Unit for all purposes.

Class E Common Unit has the meaning assigned to it in the Amended Partnership Agreement.

Class E Common Unit means a Class E-1 Common Unit or a Class E-2 Common Unit.