Office I LP Class B LP Units definition

Office I LP Class B LP Units means the Class B limited partnership units of Office I LP, which are economically equivalent to Units (subject to certain adjustments) and redeemable for cash or Units, as determined by Office GP in its sole discretion.
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Office I LP Class B LP Units means the Class B limited partnership units of Office I LP;
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Examples of Office I LP Class B LP Units in a sentence

  • As a result, the 25% threshold, above which the minority approval and valuation requirements would apply, is increased to include the approximately 10% indirect interest in the REIT in the form of Office I LP Class B LP Units held by the Manager.INTERESTS OF EXPERTS‌ The REIT’s auditor is KPMG LLP, Chartered Professional Accountants, in Toronto, Ontario.

  • The REIT has been granted exemptive relief from the requirements of MI 61-101 that, subject to certain conditions, permits it to be exempt from the minority approval and valuation requirements for transactions that would have a value of less than 25% of the REIT’s market capitalization, if the Office I LP Class B LP Units held by the Manager are included in the calculation of the REIT’s market capitalization.

Related to Office I LP Class B LP Units

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.