Examples of LP Class B Units in a sentence
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However, no Unitholder approval is required to approve any change to the Limited Partnership Agreement for the purposes of providing a distribution reinvestment entitlement to holders of LP Class B Units that is substantially equivalent to that provided by the Distribution Reinvestment Plan to holders of REIT Units.
Furthermore, Boardwalk REIT may not agree to or approve any change to the provisions of the Declaration of Trust governing distributions on the REIT Units or Special Voting Units, or the rights and attributes of the LP Class A Units, LP Class B Units or LP Class C Units without the approval of at least 66 2/3% of the votes cast at any meeting of holders of REIT Units or Special Voting Units, as the case may be, called for that purpose.
Changes to the Statement of Cash Flows As a result of the Trust Units and LP Class B Units being classified as a financial liability in 2010, the distributions related to these Units are treated as a financing expense and are recorded in the consolidated statement of income.
Ancillary Agreements in Connection with the Acquisition and the Arrangement Exchange and Support Agreement On the Effective Date, Boardwalk REIT, the Operating Trust, the Partnership, the Corporation and BEI Subco will enter into the Exchange and Support Agreement to create certain support obligations with respect to the LP Class B Units.
The ONR LP Class B Units are considered to be a financial liability under IFRS.
The number of L.P. Class B Units issued to each such Principal shall equal the quotient of (i) such Principal’s pro rata portion of the Growth Equity Payment as set forth on Schedule 2.6.1(a), and (ii) the L.P. Class B Unit Price.
The LP Class B Units will have equivalent voting and distribution entitlements to the REIT Units into which they are exchangeable.
The number of L.P. Class B Units issued to each such Principal shall equal the quotient of (i) such Principal’s pro rata portion of the First Retention Equity Payment as set forth on Schedule 2.6.1(a), and (ii) the L.P. Class B Unit Price.
See “Arrangements with Retained Interest Holders – The Management Agreement.” Starlight Group will receive the Carried Interest through its indirect ownership of NV Holdings LP Class B Units.