New Unit Designation definition

New Unit Designation means a written designation of the rights and obligations specified for a class of Units or a series of any class of Units (or for more than one class or series of any class of such Units) other than the classes of Units authorized as of the Restatement Date that is approved by the Board and executed (including by means of a joinder) by the initial holder or holders of Units of such class or series, which written designation (as in effect from time to time) will be a part of this Agreement as if it were fully set forth in this document.
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New Unit Designation means a written designation of the rights and obligations specified for a Class of Units or a Series of any Class of Units (or for more than one Class or Series of any Class of such Units), other than Class A Common Units, Class B Common Units, Class C Common Units, Class D Common Units or Class E Common Units, that is approved by the Board and executed (including by means of a joinder) by the initial holder or holders of Units of such Class or Series, which written designation (as in effect from time to time) will be a part of this Agreement as if it were fully set forth in this document.
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Examples of New Unit Designation in a sentence

  • With respect to such Units, the General Partners are authorized to provide for the issuance of such Units in any class or series by adopting a Class B Common Unit Designation or a New Unit Designation or by amending this Agreement to reflect such issuance and to establish the number of Units to be included in each such series (which may be unlimited), and to fix the relative rights, obligations, preferences and limitations of the Units of each such series.

  • With respect to such Units, the Board is authorized to provide for the issuance of such Units in any class or series by adopting a Class C Common Unit Designation or a New Unit Designation or by amending this Agreement to reflect such issuance and to establish the number of Units to be included in each such series (which may be unlimited), and to fix the relative rights, obligations, preferences and limitations of the Units of each such Class or Series.

  • With respect to such Units, the Board is authorized to provide for the issuance of such Units in any class or series by adopting a Class D Common Unit Designation or a New Unit Designation or by amending this Agreement to reflect such issuance and to establish the number of Units to be included in each such series (which may be unlimited), and to fix the relative rights, obligations, preferences and limitations of the Units of each such series.

Related to New Unit Designation

  • Unit Designation has the meaning set forth in Section 3.2(b).

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Share Designation has the meaning assigned to such term in ‎Section 3.2(b).

  • Preferred Member means a Member holding Preferred Units.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.