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 Operating Partnership will pay the Adviser a management fee (the “OP Management Fee” and, together with the Company Management Fee, the “Management Fee”) equal to (i) 1.00% of the net asset value of the Operating Partnership attributable to Class T Units, Class S Units, Class D Units and Class I Units and (ii) 0.75% of the net asset value of the Operating Partnership attributable to Class Y Units and Class X Units held by unitholders other than the Company.
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
Class S Units. “Class Z OP Units” means limited partnership interests in the Operating Partnership that are classified and defined, in the OP Agreement, as “Class Z Units.” “Class D OP Units” means limited partnership interests in the Operating Partnership that are classified and defined, in the OP Agreement, as “Class D Units.” “Class I OP Units” means limited partnership interests in the Operating Partnership that are classified and defined, in the OP Agreement, as “Class I Units.”
Class S Units shall have the meaning set forth in the Operating Partnership Agreement.
Class S Units means the Class S Units offered under this Offering Memorandum, which will be made available only to certain Manager approved subscribers.