Examples of Class P Unit in a sentence
At any time, at the Manager’s election and sole discretion, the Manager or its designee shall be issued one (1) Class P Unit of the Series, and the distributions for the Promoted Interest shall paid as distributions to and on behalf of such Class P Unit.
Please sign this Award Agreement in the space provided below to confirm your Class P Unit Grants and return a copy at your earliest convenience.
The Class P Common Units constituting each of your Class P Unit Grants are subject to the terms and conditions of the LPAs, including, but not limited to, the vesting and forfeiture terms set forth therein.
The holder of the Class P Unit shall have no other rights as a member and shall not be entitled to any other distributions.
The Selling Stockholder Shares, other than any Warrant Shares, Paired Interest Shares and the Class P Unit Shares included in the Selling Stockholder Shares, are validly issued, fully paid and nonassessable.