LP III definition

LP III means Smart Limited Partnership III, a limited partnership formed under the laws of the Province of Alberta;
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LP III means Affordable Residential Communities, L.P., III, a Delaware limited partnership.
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LP III means Calloway Limited Partnership III. “LP IV” means Calloway Limited Partnership IV.
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Examples of LP III in a sentence

  • Each option is represented by a corresponding Class C LP III Unit.

  • Holders of Class B LP III Units are entitled to receive distributions equivalent to the distributions on Trust Units.

  • The Class B LP III Units are considered to be economically equivalent to Trust Units.

  • On exercise of the Earnout options relating to LP III, the corresponding Class C LP III Units are cancelled.

  • The Class A LP III Units are entitled to all distributable cash of LP III after the required distributions on the Class B LP III Units have been paid.

  • An unlimited number of Class A LP III Units, Class B LP III Units and Class C LP III Units may be issued by LP III.

  • The Class B LP III Units are non-transferable, except under certain limited circumstances, but are exchangeable into an equal number of Trust Units at the holder's option.

  • Each Class B LP III Unit is entitled to one special voting unit, which will entitle the holder to receive notice of, attend and vote at all meetings of the Trust.

  • Class A LP III partners have 20 votes for each Class A LP III Unit held, Class B LP III partners have one vote for each Class B LP III Unit held and Class C LP III Units have no votes at meetings of the LP III.

  • Each option is represented by a corresponding Class C Smart LP III Unit.


More Definitions of LP III

LP III means Smart Limited Partnership III, a limited partnership formed under the laws of the Province of Alberta; “LP III Class A Units” means the Class A limited partnership units of LP III;
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Related to LP III

  • Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of , 2011, as the same may be amended, modified or restated from time to time.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended;