Class Z Units definition

Class Z Units means “Class Z Units” as defined in that certain Second Amended and Restated Operating Agreement, dated as of November 20, 2006, as amended, of SPP LLC.
Class Z Units means the Class Z-A Units, the Class Z-B-1 Units and the Class Z-B-2 Units).
Class Z Units is defined in Section 7.1.

Examples of Class Z Units in a sentence

  • Subscriptions for all types of Class Z Units will only be accepted from other Sub-Funds of the Fund, from investors who have entered into a separate arrangement (legal agreement) with the Manager or its delegate or on behalf of feeder funds whose investment objective is to invest in the relevant Sub-Fund.

  • Class Z Units are offered primarily to clients of the Investment Manager or its affiliates pursuant to an investment management agreement.

  • The Sub-Funds of the Fund and any other fund for which the Manager or any of its affiliates may serve as manager or investment manager may also invest in Class Z Units.

  • Emerging CTA Portfolio L.P. 1.00% per year of the adjusted net assets of Class A Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • Ceres Tactical Commodity L.P. (formerly Managed Futures Premier Aventis II L.P.) 1.00% per year of the adjusted net assets of Class A Units and 0.75% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and the adjusted net assets of the Class D Units by 0.75% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • Ceres Tactical Systematic L.P. (formerly Tactical Diversified Futures Fund L.P.) 1.00% per year of the adjusted net assets of Class A Units and 0.75% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and the adjusted net assets of the Class D Units by 0.75% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • The eligibility requirements of the Class Z Units shall be determined by the Sponsor from time to time.

  • Ceres Abingdon L.P. (formerly Managed Futures Premier Abingdon L.P.) 1.00% per year of the adjusted net assets of Class A Units and 0.75% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and the adjusted net assets of the Class D Units by 0.75% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • For the purposes of the switch, we may waive in whole or in part the subscription fee for the new units and/or the Realisation Fee (if any).Other salient terms:• Switches will be at our discretion.• You may switch into Class B Units, Class T Units and Class Z Units of a Sub-Fund only with our prior written approval.

  • For the avoidance of any doubt, Class Z Units are subject to withdrawal restrictions set forth in this Agreement and the Memorandum.


More Definitions of Class Z Units

Class Z Units means the Class Z Common Units of the Company.
Class Z Units shall have the meaning set forth in the Operating Agreement.

Related to Class Z Units

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

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

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

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

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

  • Common Units is defined in the Partnership Agreement.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

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

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

  • Class C Units shall have the meaning set forth in the preface.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • 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 C Member means a Member holding the Class C Ordinary Share.

  • 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”.

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

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).