Limited Partner Unit definition

Limited Partner Unit means each of the Common Units, Class B Units, Subordinated Units and other Units representing fractional parts of the Partnership Interests of all Limited Partners and Assignees.

Limited Partner Unit means a Limited Partner Interest that is designated by the General Partner as a “Unit” and shall include Series A Preferred Units and Common Units.

Limited Partner Unit means each of the Common Units, Class B Units, Subordinated Units and other Units representing fractional parts of the Partnership Interests of all Limited Partners and Assignees (but shall not include the Incentive Distribution Rights).

Examples of Limited Partner Unit in a sentence

• Each Limited Partner Unit shall be redeemed for one share of the General Partner's common stock, or, in the event that the issuance of shares could cause the General Partner to fail to qualify as a REIT, cash equal to the fair market value of one share of the General Partner's common stock at the time of redemption, in each case, subject to certain adjustments described in the Partnership Agreement.

• As such, additional Limited Partner Unit purchases could decline, which would reduce the overall liquidity of the Partnership.

• Pro Forma Net Income Per Limited Partner Unit Our net income is allocated to the general partner and the limited partners, including the holders of the subordinated units, in accordance with their respective ownership percentages, after giving effect to incentive distributions paid to the general partner.

• The Limited Partner’s interest shall be evidenced by a Limited Partner Unit.

• GPLLC shall establish a DER bookkeeping account for you with respect to each Phantom Unit granted, which account shall be credited with an amount equal to any cash distributions made by Global Partners LP (the “Partnership”) on a Limited Partner Unit during the period such Phantom Unit is outstanding.

More Definitions of Limited Partner Unit

Limited Partner Unit means a Common Unit, Preferred Unit or LTIP Unit.

Limited Partner Unit means any Redemption-Exchange Unit, Preferred Unit or other unit representing limited partner interests following its conversion from Managing General Partner Units or Special General Partner Units pursuant to Section 16.2.3;

Limited Partner Unit means a Limited Partner Interest that is designated by the General Partner as a “Unit” and shall include Series A Preferred Units, Series B Preferred Units and Common Units.

Limited Partner Unit means a Common Limited Unit, Series B Limited Unit, Series GO Limited Unit, Series GO II Limited Unit or Series T Limited Unit.”

Limited Partner Unit means a Limited Partner Interest that is designated by the General Partner as a “Unit” and shall include Series A Preferred Units, Common Units and Class B Units but shall not include, for the avoidance of doubt, (i) General Partner Units (or the General Partner Interest represented thereby) or (ii) Incentive Distribution Rights; provided, however, that when the term “Limited Partner Unit” is used herein in the context of any vote or other approval, including without limitation Article XIII and Article XIV, such term shall not, solely for such purpose, include any holder of Class B Units except (a) as set forth in Section 5.13(d) or for purposes of Section 13.3(c) and (b) as may otherwise be required by any non-waivable provision of law.

Limited Partner Unit is used herein in the context of any vote or other approval, including without limitation Article XIII and Article XIV, such term shall not, solely for such purpose, include any holder of Class B Units except (a) as set forth in Section 5.13(d) or for purposes of Section 13.3(c) and (b) as may otherwise be required by any non-waivable provision of law.

Limited Partner Unit means a Unit that may be held by a General Partner, a Limited Partner or a person who is not a Partner, and which entitles the holder to the rights and benefits provided in this Agreement.