Class M Units definition

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

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Class M Units 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 Class M Units in this Agreement.

Class M Units means a Unit in the Company that is designated as a “Class M Unit.”

Examples of Class M Units in a sentence

Once an Investor is issued Class M Units, such Investor shall continue to be issued Class M Units for so long as it continues to be eligible to have, and in fact does have, a Managed Account.
The Units may be issued in the seven Classes described herein — Class A Units, Class C Units, Class D Units, Class I Units, Class DS Units, Class DT Units and Class M Units.
Class M Units are open to Investors that subscribe to this FuturesAccess Fund through an eligible managed account program (a “Managed Account”) at BAC and who satisfy other requirements as determined by the Sponsor from time to time.
Class M Units are open to Investors that subscribe to this FuturesAccess Fund through an eligible managed account program (a "Managed Account") at BAC and who satisfy other requirements as determined by the Sponsor from time to time.
Any undertaking by any Partner necessary or desirable to (A) enable or preserve a Safe Harbor Election or (B) otherwise to prevent the issuance of Class M Units from being a taxable event with respect to the holders of Class M Units may be reflected in such amendments and, to the extent so reflected, shall be binding on each Partner.
Each holder of Class M Units covenants and agrees with the Partnership that all Unrestricted Class M Units to be converted pursuant to this Section 15.4 shall be free and clear of all liens.
In connection with any forfeiture of Class M Units, the balance of the Capital Account of a holder of Class M Units, if any, shall be reduced by the amount of the Capital Account attributable to the forfeited Class M Units, and such reduction shall be reallocated to all holders of OP Units, pro rata in accordance with their respective Percentage Interests with respect to OP Units.
No consideration or other payment shall be due with respect to any Class M Units that have been forfeited.
Upon such forfeiture, such Restricted Class M Units shall immediately, and without any further action, be treated as cancelled and no longer outstanding for any purpose.
The Safe Harbor Election (if and when the Safe Harbor Election becomes available) shall be effective as of the date of issuance of such Class M Units.

More Definitions of Class M Units

Class M Units are those Units of ownership interest in the LLC ------------- designated as Class M Units pursuant to Section 5.1, which Units entail the ----------- specific rights, privileges and obligations of Class M Units set forth herein.

Class M Units means the Class M Units as described in the Registration Statement and owned by the Manager.

Class M Units means those membership interests in the Company that are listed as Class M Units on Exhibit B.

Class M Units means the Class M Units of Pla-Fit as defined in the Existing LLC Agreement.

Class M Units means the Units having the privileges, preference, duties, liabilities,

Class M Units means (i) any Class M Units (as defined in the LLC Agreement) purchased or otherwise acquired by any Securityholder, and (ii) any Equity Securities issued or issuable directly or indirectly with respect to any of the Class M Units referred to in clause (i) above, by way of a dividend or split or exchange or in connection with any combination of units, recapitalization, merger, consolidation or other reorganization.”