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.