Class E Units definition

Class E Units means Class E units of the Operating Partnership.

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Class E Units means the Units of partnership interest in the Partnership designated as the “Class E Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

Class E Units has the meaning set forth in Section 3.04(a)(v).

Examples of Class E Units in a sentence

Class E Common Shares, Class I Common Shares, Class E Units, and Class I Units obtained by the Adviser will not be subject to the repurchase limits of the Company’s share repurchase plan or any reduction or penalty for an early repurchase.
If the Adviser elects to receive any portion of its Management Fee in Class E Common Shares, Class I Common Shares, Class I Units, or Class E Units, the Adviser may elect to have the Company or the Operating Partnership repurchase such Class E Common Shares, Class I Common Shares, Class E Units or Class I Units from the Adviser at a later date.
For the avoidance of doubt, no Management Fee shall be paid on Class E Common Shares or Class E Units of the Operating Partnership.
The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Class E Units or Class I Units.
If the Adviser elects to receive any portion of reimbursed expenses in Class E Common Shares, Class I Common Shares, Class I Units, or Class E Units, the Adviser may elect to have the Company or the Operating Partnership repurchase such Class E Common Shares, Class I Common Shares, Class E Units or Class I Units from the Adviser at a later date.

More Definitions of Class E Units

Class E Units means that certain class of Units granted to a Holder from time to time by the Executive Board that participate in Distributions upon the occurrence of certain events as described in Section 4.1.3, but having no voting or other rights of a Member hereunder.

Class E Units shall have the meaning set forth in Section 10(a).

Class E Units has the meaning given to such term in the LLC Agreement.

Class E Units means the Units having the rights and obligations specified with respect to Class E Units in this Agreement.

Class E Units has the meaning assigned to such term in the recitals.

Class E Units means the Class E Units of the Company to be issued to certain Representatives.

Class E Units means the Class E Units of the Company. The rights and privileges associated with such Class E Units are intended to constitute a “profits interest” in the Company within the meaning of Revenue Procedure 93-27, 1993-2 C.B. 343, or any successor Internal Revenue Service or Treasury Department regulation or other pronouncement applicable at the date of issuance of Class E Units.