Common Unit definition
Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.
Common Unit means a Unit designated as a “Common Unit” and having the rights and obligations specified with respect to the Common Units in this Agreement.
Common Unit has the meaning set forth in the Partnership Agreement.
Examples of Common Unit in a sentence
For the avoidance of doubt, in no event shall Common Unitholders be entitled to receive in such PubCo Offer aggregate consideration for each Common Unit that is greater than the consideration payable in respect of each share of Class A Common Stock in connection with a PubCo Offer (it being understood that payments under or in respect of the Tax Receivable Agreement shall not be considered part of any such consideration).
Each holder of issued and outstanding Class B-1 Common Units shall be entitled to one vote per issued and outstanding Class B-1 Common Unit.
More Definitions of Common Unit
Common Unit means a security of the Trust representing a proportionate share of the Beneficial Interest having the rights and obligations specified with respect to a Common Unit in this Agreement. The term “Common Unit” does not refer to or include any Subordinated Unit prior to its conversion into a Common Unit pursuant to the terms hereof.
Common Unit means a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to Common Units in this Agreement.
Common Unit has the meaning assigned to such term in the MLP Agreement.
Common Unit means a Partnership Security having the rights and obligations specified with respect to Common Units in this Agreement.
Common Unit means a Class A Unit, a Class B Unit, and any other Unit designated as a Common Unit by the Company.
Common Unit means each Partnership Unit that is not entitled to any preference with respect to any other Partnership Unit as to distribution or voluntary or involuntary liquidation, dissolution or winding up of the Partnership.
Common Unit does not refer to a Subordinated Unit prior to its conversion into a Common Unit pursuant to the terms hereof.