Class K Units definition

Class K 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 K Units.
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Class K Units means a limited partner interest in ETP having the rights and preferences set forth on Section 8.13 of the ETP Disclosure Schedule.
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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.
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Examples of Class K Units in a sentence

  • Any certificates relating to the Class K Units that may be issued will be in such form as the General Partner may approve.

  • Unless the General Partner shall determine otherwise, the Class K Units shall not be evidenced by certificates.

  • With respect to any matter on which the Class K Units are entitled to vote, each Class K Unit will be entitled to one vote on such matter.

  • The Class K Units, subject to the satisfaction of any applicable legal, regulatory and contractual requirements, may be assigned or transferred in a manner identical to the assignment and transfer of other Units.

  • The Class K Units will be perpetual and shall not have any rights of redemption or conversion.

  • The holders of Class K 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 K Priority Return Amounts accrued through the end of the fiscal year to which the allocation relates.

  • Upon a Class K Redemption by the Partnership, the Class K Limited Partner shall have no further right to receive any Partnership distributions in respect of the Class K Units so redeemed.

  • 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 K Units.

  • By using the information contained within the table in task 6, construct all of the journal entries that were made by SAP for these transactions.

  • In accordance with Section 5.6, the General Partner shall have the power and authority to issue additional Class K Units in the future.


More Definitions of Class K Units

Class K Units hall have the meaning given to such term in the Partnership Agreement.
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Class K Units means a limited partner interest in ETP having the rights and preferences set forth on Section 8.13 of the ETP Disclosure Schedule. “Clayton Act” means the Clayton Antitrust Act of 1914, as amended, and the rules and regulations promulgated thereunder.
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Class K Units means the Units in the Partnership designated as the “Class K Units” herein and having the rights pertaining thereto as are set forth in this Agreement. Class K Units shall be Vested Units for all purposes under this Agreement upon delivery.
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Related to Class K Units

  • Class A LP Units means the Class A limited partnership units of the Partnership.

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

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

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

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Class A Common Units means the Company's Class A Common Units.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class B Interests As set forth in the Trust Agreement.

  • Class C Units shall have the meaning set forth in the preface.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Common Units is defined in the Partnership Agreement.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.