GP Units definition

GP Units means general partnership units in the capital of the Partnership "GWh" means gigawatt hour(s)

Examples of GP Units in a sentence

  • In addition, there was a re- conversion of Class A GP Units into Class B GP Units for the permanent closure of two (January 1, 2022 – five) SIR Restaurants during 2022.

  • The amount paid by the Partnership to SIR for the additional Royalty stream was $1.0 million, by conversion of 321,667 Class B GP Units into Class A GP Units of the Partnership on a one-for-one basis.

  • As the Pooled Revenue from additional SIR Restaurants is included in the Royalty Pooled Restaurants, SIR will acquire additional Class A GP Units of the Partnership as a result of conversions of Class B GP Units based on the resulting increase in the Royalty, while restaurant closures generally result in the reverse.

  • SIR holds Class A GP Units of the Partnership, which are exchangeable into Units of the Fund.

  • At each Adjustment Date, SIR will be entitled to convert its Class B GP Units into Class A GP Units based on a conversion formula defined in the Partnership Agreement.SIR began offering Renegade Chicken takeout and delivery services again on a trial basis as of January 27, 2022.

More Definitions of GP Units

GP Units has the meaning set out in Section 3.1;
GP Units has the meaning set forth in the recitals.
GP Units has the meaning ascribed to such term in Section 3.3.
GP Units has the meaning given to that term in Section 3.2.