Examples of Limited Partner Units in a sentence
The Limited Partner Units are not required, per the terms of the Partnership Agreement, to be redeemed in registered shares of the General Partner.
The remaining 1.3% of the common partnership interests ("Limited Partner Units" and, together with the General Partner Units, the "Common Units") are owned by limited partners.
The approval of the Conditional Use will allow for two licenses to be issued on the site.
Pursuant to the Fourth Amended and Restated Agreement of Limited Partnership, as amended (the "Partnership Agreement"), the General Partner is obligated to redeem the Limited Partner Units in shares of its common stock, unless it determines in its reasonable discretion that the issuance of shares of its common stock could cause it to fail to qualify as a REIT.
These circumstances militate in favor of a settlement that ends uncertainty, avoids further delay, eliminates risk, promptly ameliorates hardship, and provides significant benefit to each side and to the class as a whole.
The remaining 1.0% of the common partnership interests ("Limited Partner Units" and, together with the General Partner Units, the "Common Units") are owned by limited partners.
Except for net proceeds from equity issuances by the Parent Company, which are contributed to the Operating Partnership in exchange for General Partner Units, the Operating Partnership generates the capital required by the business through its operations, its incurrence of indebtedness and the issuance of Limited Partner Units to third parties.
First and foremost, I would like to thank my thesis advisor Professor Paul Cichello.
The Limited Partner may pledge as security all or any of its Limited Partner Units without the consent of the General Partner or any other limited partner.
Therefore, the assets and liabilities of the General Partner and the Partnership are substantially the same.Limited Partners have the right to redeem their Limited Partner Units, subject to certain restrictions.