Class M Unit definition

Class M Unit means a Partnership Unit, as that term is defined in the limited partnership agreement of the Operating Partnership, entitling the holder thereof to the rights of a holder of a Class M Unit as provided in the limited partnership agreement of the Operating Partnership, and the Class M Units correspond with the Class A Shares.

Class M Unit means a Unit in the Limited Partnership designated as a Class M Unit, having the rights, privileges, restrictions and conditions set out in the LP Agreement which are summarized in Section 4.1.2 of the JKDA.

Class M Unit means a Class M Unit of the Trust and includes a fraction of a Class M Unit of the Trust.

Examples of Class M Unit in a sentence

• Each Class A Common Unit and each Class M Unit is currently entitled to one vote on all matters put to a vote of our limited partners.

• Each Class A Common Unit, each Class B Unit, and each Class M Unit is entitled to one vote on all matters put to a vote of our limited partners.

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

• For the calculation of credit limits and standard ratios to be applied on a consolidated basis, consolidated own funds shall be calculated pursuant to the third paragraph of this article.

• Apart from certain voting restrictions, Class M Unitholders are entitled to vote to that percentage of all Unitholder votes equal to the Class M Unit Percentage Interest as defined in the DOT.

More Definitions of Class M Unit

Class M Unit means a Class M-1 Unit or a Class M-2 Unit, or the Class M-1 Units and Class M-2 Units collectively, as the context requires.

Class M Unit means a Class M Common Unit, as defined in the LLC Agreement.

Class M Unit means a Unit representing a fractional part of the Company Interests of the Unitholders and having the rights and obligations specified with respect to the Class M Units in this Agreement.

Class M Unit means each unit in the Company that is designated as a Class M Common Unit pursuant to the LLC Agreement.

Class M Unit means a Partnership Unit representing a Limited Partnership Interest issued to Daisho OP Holdings, LLC pursuant to the Contribution Agreement and having the rights, privileges, limitations, and restrictions described on Exhibit C.

Class M Unit means a unit of beneficial interest in the Trust designated as Class M units.

Class M Unit means a Partnership Interest representing a fractional part of the Partnership Interests of all Limited Partners having the rights and obligations specified with respect to Class M Units in this Agreement.