Class X Units definition

Class X Units means the Class X limited partnership units in the capital of the Partnership, which have the attributes provided in Section 3.25;
Sample 1Sample 2Sample 3
Class X Units has the meaning set forth in the Sunlight Financial LLC Agreement.
Sample 1Sample 2Sample 3
Class X Units means the Units designated as “Class X” Units pursuant to this Agreement.
Sample 1Sample 2Sample 3

Examples of Class X Units in a sentence

  • For Class X Units, the management fee will be charged and collected by the Management Company directly from the Unitholder and will not be charged to the Sub-Funds or reflected in the Net Asset Value.

  • In respect of Class I Units or Class X Units, the Directors will not impose a Preliminary Charge.

  • From and after the date hereof and prior to the Merger Effective Time, the interests in the Partnership of the Partners will be divided into and represented by an unlimited number of units of three classes: the GP Units, the Class C Exchangeable Units and the Class X Units.

  • For Class X Units of any Master Sub-Funds, the management fee will be charged and collected by the Management Company directly from the Unitholder and will not be charged to the Master Sub-Funds or reflected in the NAV.

  • Purchases of Class X Units are subject to receipt of confirmation to the satisfaction of the Management Company or its agents that the Units purchased will not be the underlying investment for any product ultimately marketed to retail investors in Italy.

  • The holders of Class X Units as a class shall be entitled to receive distributions as provided by Section ‎5.3(b)(i) and the aggregate amount of $1,000 on the redemption thereof.

  • For Class X Units of any Master Sub-Funds, any performance fee will be charged and collected by the Management Company directly from the Unitholders and will not, therefore, be reflected in the Net Asset Value.

  • Class X Units are only available for subscription by funds and managed accounts managed by the Manager or connected persons of the Manager.

  • Class X Units and Class EX Units, which Class EX Units have economic rights only.

  • Class X Units are offered primarily to clients of the Investment Manager or its affiliates pursuant to a separate contractual arrangement.


More Definitions of Class X Units

Class X Units has the meaning set out in Section 3.1;
Sample 1Sample 2
Class X Units means the Class X common units of limited partner interest in the Partnership.
Sample 1Sample 2
Class X Units means the Class X Common Units of the Company.
Sample 1
Class X Units means Class X units of the Operating Partnership.
Sample 1

Related to Class X Units

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class B Interests As set forth in the Trust Agreement.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Class P Fraction Any Class I-P, Class II-P or Class III-P Fraction, as applicable.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Class A Percentage Interest means, as of any date, the percentage determined by dividing the number of Class A Units then held by a holder of Class A Units by the total number of Class A Units then outstanding.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Class X Distributable Amount With respect to any Distribution Date, the amount of interest that has accrued on the Class X Notional Balance, as described in the Preliminary Statement, but that has not been distributed prior to such date. In addition, such amount shall include the initial Overcollateralization Amount of $10,346,197.30 ($10,346,297.30 less $100 of such amount allocated to the Class P Certificates) to the extent such amount has not been distributed on an earlier Distribution Date as part of the Overcollateralization Reduction Amount.

  • Class X-D Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-12 hereto.

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).