Class J Units definition

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

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Class J Units means, collectively, the Class J1-T Units, Class J2-T Units and Class J3-T Units of TPG TMM Holdings II, L.P. and the Class J1-O Units, Class J2-O Units and Class J3-O Units of Oaktree TMM Holdings II, L.P.

Class J Units means a limited partner Partnership Interest which shall confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Class J Units.

Examples of Class J Units in a sentence

Upon a Class J Redemption by the Partnership, the Class J Limited Partner shall have no further right to receive any Partnership distributions in respect of the Class J Units so redeemed.
Upon any Class J Redemption, an amount equal to the product of the Class J Redemption Price and the number of Class J Units redeemed by the Partnership shall be distributed by the Partnership to the Class J Limited Partner.
The holders of Class J Units shall be allocated gross income such that, from the inception of the partnership through the end of the fiscal year to which the allocation relates, including the year of liquidation of the Partnership in accordance with Article X, the sum of all priority allocations pursuant to this Section 5.2(M) equals (or approaches as nearly as possible) the sum of all Class J Priority Return Amounts accrued through the end of the fiscal year to which the allocation relates.
No approval from the holders of the Common Units, Class E Units, Class G Units, Class H Units, Class I Units, Class J Units, Class K Units, Series A Preferred Units or Incentive Distribution Rights is required in connection with ETP’s issuance and sale of the Purchased Units to the Purchaser.
All outstanding Common Units, Class E Units, Class G Units, Class H Units, Class I Units, Class J Units, Series A Units, and ETP Incentive Distribution Rights have been and at the Effective Time all outstanding Class K Units will be duly authorized and validly issued and are fully paid, nonassessable (except as such nonassessability may be affected by matters described in Sections 17-303, 17-607 and 17-804 of the DRULPA) and except as set forth in the ETP Partnership Agreement, free of preemptive rights.
The Class J Units shall not have any rights of redemption or conversion.
Any certificates relating to the Class J Units that may be issued later will be in such form as the General Partner may approve.
Unless and until the General Partner determines to assign the responsibility to another Person, the General Partner will act as the registrar and transfer agent for the Class J Units.
The Class J Units shall not be entitled to receive any distributions and, consistent with the facts that the Class J Units are not Units, and that the holders of the Class J Units are not Unitholders, and therefore have no Percentage Interests with respect to their Class J Units, shall not be entitled to receive distributions of Available Cash pursuant to Sections 6.4 or 6.5.
The Class J Units, subject to the satisfaction of any applicable legal, regulatory and contractual requirements, may be assigned or transferred in a manner identical to, and as if the Class J Units were, Units in the Partnership.

More Definitions of Class J Units

Class J Units hall have the meaning given to such term in the Partnership Agreement.

Class J Units hall have the meaning given to such term in the Partnership Agreement. “Class K Units” hall have the meaning given to such term in the Partnership Agreement. “Closing(s)” shall have the meaning specified in Section 2.02.

Class J Units means the Class J Units offered under this Offering Memorandum, which will be made available only to subscribers purchasing Class J Units through certain Representatives.

Class J Units has the meaning set forth in Section 12(a).

Class J Units. For the purpose of this Agreement, (i) a Common Unit shall mean a unit of limited partnership interest issued by the Partnership on subscription by the BFP Partner, which represents the rights and obligations associated therewith, including, without limitation, the right to one vote per Common Unit, and the right to receive distribution of the Partnership’s assets in accordance with this Agreement and the Act and (ii) a Class J Unit shall mean a unit of limited partnership interest issued by the Partnership on subscription by the JMB Partner, which represents the rights and obligations associated therewith, including, without limitation, the right to receive distribution of the Partnership’s assets in accordance with this Agreement and the Act, but does not represent any right to vote with respect to any matter with respect to the Partnership. The unit register of the Partnership is as set forth on Schedule A hereto.