GP Unit definition

GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.
GP Unit means a unit representing a general partner interest in the Partnership and designated in the Register as a GP Unit, as subdivided, reclassified or otherwise modified from time to time in accordance with this Agreement.
GP Unit means a Partnership Interest issued pursuant to Section 4.1 and representing a general partner's interest in the Partnership.

Examples of GP Unit in a sentence

  • SIR holds the remaining Ordinary GP Unit and is the General Partner.

  • Class C GP Units The holders of Class C GP Units are entitled to receive a cumulative preferential monthly cash distribution equal to $0.063 per Class C GP Unit held, payable on the dates that distributions are paid on the units of the Fund.

  • General PartnerThe GP Units are a general partnership interest in the Partnership and one GP Unit has been issued to and is held by the General Partner.

  • Exchanges after Establishment of Initial Exchange Limits The Class 2 GP Units entitle the holder to exchange a Class 2 GP Unit for that number of Units equal to the Class 2 Exchange Multiplier.

  • A Partnership Interest of any class or series other than a Common Unit or a GP Unit shall not entitle the holder thereof to vote on, or consent to, any matter.


More Definitions of GP Unit

GP Unit has the meaning assigned to it in the Partnership Agreement.
GP Unit has the meaning given to such term in Section 3.1(b);
GP Unit means a “General Partner Unit” as such term is defined in the Partnership Agreement.
GP Unit means a unit representing the general partner interest in the Partnership.
GP Unit means the general partnership units of Energy owned by the GP.
GP Unit means a unit representing the ownership interest of a general partner in and to a limited partnership.
GP Unit has the meaning set forth in the recitals hereof.