LP Unit definition
LP Unit means a Partnership Interest issued pursuant to Sections 4.2 or 4.3 and representing a limited partner’s interest in the Partnership.
LP Unit means a fractional, undivided share of the Partnership Interests of all Partners issued pursuant to Sections 4.1, 4.2 and 4.3. The number of L.P. Units outstanding and the Percentage Interests in the Partnership represented by such L.P. Units are set forth in Appendix I, as such Appendix may be amended from time to time. The ownership of L.P. Units shall be evidenced by such form of certificate for units as the General Partner adopts from time to time unless the General Partner determines that the L.P. Units shall be uncertificated securities.
LP Unit means a Partnership Interest of a Limited Partner or Assignee in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and includes Units and Class B Units.
Examples of LP Unit in a sentence
Each LP Unit Recipient recognizes that it may be required to bear the economic risk of an investment in the LP Units for an indefinite period of time.
The Total LP Unit Amount and the allocation thereof shall be set forth in the LP Unit Schedule (as defined below).
For purposes of determining the number of LP Units to be delivered by the Acquiror at the Closing, each LP Unit shall be deemed to have a value equal to Six Dollars ($6.00).
Each LP Unit Recipient represents that its LP Units are being acquired by it with the present intention of holding such LP Units for purposes of investment, and not with a view towards sale or any other distribution.
Contributor and each LP Unit Recipient is an Accredited Investor.
More Definitions of LP Unit
LP Unit means a Common Unit or a Preferred Unit and “LP Units” means the Common Units and the Preferred Units.
LP Unit means the Person in whose name such Unit is registered in the Units Register or (b) any GP Unit means the General Partner.
LP Unit means a limited partnership unit representing a beneficial interest in the Partnership issued from time to time in accordance with the Partnership Agreement and having the rights, privileges, restrictions and conditions as set out in the Partnership Agreement;
LP Unit means a limited partnership interest in the Partnership.
LP Unit means each Limited Partner’s respective Partnership Interest, including its capital contributions, expressed as an number of units calculated in accordance with Schedule 1 of the Limited Partnership Agreement and specified from time to time in the Partnership Unit Register during the term of this Agreement.
LP Unit means an outstanding limited partnership unit of the Partnership including a Class A LP Unit and a Redeemable LP Unit.
LP Unit means a nonvoting limited partnership interest unit of GDH LP.