Parent Partnership Units definition

Parent Partnership Units means the term “Partnership Units”, as defined in the Parent LP Agreement.
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Parent Partnership Units. Section 4.2(d) “Parent Permits” Section 4.17(c) “Parent Permitted Acquisition” Section 5.2(b)(v) “Parent Permitted Dividend” Section 5.2(b)(iii) “Parent Permitted Liens” Section 4.18(b) “Parent Qualified Plan” Section 4.11(d)
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Examples of Parent Partnership Units in a sentence

  • Other than the aggregate number of Parent Partnership Units owned by the limited partners of Parent OP set forth in Section 4.05(a) of the Parent Letter, Parent directly owns all of the issued and outstanding Parent Partnership Units of Parent OP, free and clear of any Liens, and all Parent Partnership Units have been duly authorized and validly issued and are fully paid, non-assessable and free of preemptive rights.

  • The names and addresses of the Partners are set forth on the signature pages hereto, and the names of the Partners together with the number of Common Units and General Partner Units held by the Partners and the number of underlying Parent Partnership Units held by the Partnership, in each case effective immediately following the execution of this Agreement, are set forth on Schedule I hereto.

  • As of the date hereof, there is no capital stock or other Parent Securities of Parent OP issued and outstanding other than such Parent Partnership Units.

  • As of the date hereof, the Shareholder does not own, beneficially or of record, any capital stock or other securities of Parent or Parent LP other than the Parent Common Shares and the Parent Partnership Units set forth on Schedule A opposite the Shareholder’s name.

  • This is why gentrification represents a complete different trend of the way to see housing.

  • In the wake of September 11, 2001, several good publications have been developed.

  • All Parent Partnership Units issued in the Partnership Combination shall be duly authorized and validly issued and free of preemptive rights.

  • Of the total number of additional Partnership Units issued to the General Partner and the Parent, a number of additional Partnership Units equal to 1% (or such other amount designated by the General Partner) of the aggregate number of Partnership Units issued and outstanding shall be deemed the General Partner Partnership Units, and the remainder shall be deemed the Parent Partnership Units.

Related to Parent Partnership Units

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partnership Unit means, with respect to any class of Partnership Interest, a fractional, undivided share of such class of Partnership Interest issued pursuant to Sections 4.1 and 4.3 (including Performance Units). The ownership of Partnership Units may be evidenced by a certificate for units substantially in the form of Exhibit D-1 or D-2 hereto or as the General Partner may determine with respect to any class of Partnership Units issued from time to time under Sections 4.1 and 4.3.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Membership Units has the meaning set forth in the Recitals.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • OP means open pit and “UG” means underground.

  • 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.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Common Units is defined in the Partnership Agreement.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Company Units has the meaning set forth in the Recitals.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).