Class S Units definition

Class S Units means Class S units of the Operating Partnership.

Class S Units means the Class S Ordinary Units and the Class S Preferred Units.

Class S Units means the Partnership Units entitling the holder thereof to the rights of a holder of Class S Units as provided in this Agreement.

Examples of Class S Units in a sentence

• The basic prices lie in between: they include the production taxes (less production subsidies) but not product taxes (less product subsidies).

• The Class S Units are designated in Sterling.The Manager reserves the right to vary or waive the above minimum amounts with respect to any investor at any time, provided that Unitholders in the same position in the same Unit Class shall be treated equally and fairly.

• Immediately before liquidation of the Partnership, Class T Units will automatically convert to Class I Units at the Class T Conversion Rate, Class S Units will automatically convert to Class I Units at the Class S Conversion Rate, Class D Units will automatically convert to Class I Units at the Class D Conversion Rate and Class E Units will automatically convert to Class I Units at the Class E Conversion Rate.

• Prior to the expiry of that period, Class S Units are subject to fees agreed between the Management Company and the relevant investors, which will be in any case lower or equal to the management and/or performance fees specified for Class J Units of the relevant Sub-Fund.

• Of the approximately 80,000 chemicals registered for commercial use with the EPA, over 200 have been shown to have neurotoxic effects in adults (see full list in Table A-1 of Appendix), and a handful of others (lead, methylmercury, polychlorinated biphenyls (PCBs), arsenic, and toluene) have been clinically proven to cause neurodevelopmental disorders in children (Grandjean and Landrigan 2006).

• With respect to Class S Units, the management and/or performance fees specified for Class J Units shall beapplicable 18 months following the launch date of the relevant Sub-Fund.

• The General Partner is hereby authorized to cause the Partnership to issue Partnership Units designated as Class T Units, Class S Units, Class D Units, Class I Units and Class E Units.

• The General Partner is hereby authorized to cause the Partnership to issue Partnership Units designated as Class T Units, Class S Units, Class D Units and Class I Units.

• Prior to the expiry of that period, Class S Units are subject to fees agreed between the Management Company and the relevant investors, which will not be greater than the management and/or performance fees specified for Class J Units of the relevant Sub-Fund.

• The management and/or performance fees specified for Class J Units shall be applicable to Class S Units 18 months after the launch date of the relevant Sub- Fund.

More Definitions of Class S Units

Class S Units means the Class S Ordinary Units and the Class S Preferred Units. “Code” means the Internal Revenue Code of 1986, as amended from time to time. “Common Units” means common units representing limited partner interests in the Issuer. “Consenting Party” has the meaning set forth in Section 11.10(a). “Contingencies” has the meaning set forth in Section 9.03(a). “Control” (including the terms “Controlled by” and “under common Control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities or general partnership or managing member interests, as trustee or executor, by contract or otherwise, including, without limitation, the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person. “Conversion Amount” has the meaning set forth in Section 7.08(c). “Counselors” means Beneficient Management Counselors, L.L.C., a Delaware limited liability company. “CPI-U” means the seasonally adjusted Consumer Price Index for All Urban Consumers published by the U.S. Bureau of Labor Statistics. “Credit Amount” has the meaning set forth in Section 4.02(c). “Creditable Non-U.S. Tax” means a non-U.S. tax paid or accrued for United States federal income tax purposes by the Partnership, in either case to the extent that such tax is eligible for credit under Section 901(a) of the Code. A non-U.S. tax is a Creditable Non-U.S. Tax for these purposes without regard to whether a Partner receiving an allocation of such non-U.S. tax elects to claim a credit for such amount. This definition is intended to be consistent with the term - 6 - 737868395