Preferred Limited Partner Interest definition

Preferred Limited Partner Interest means a Partnership Interest issued from time to time pursuant to Section 4.5.F of this Agreement that is designated by the General Partner at the time of its issuance as a Preferred Limited Partner Interest. In accordance with Section 4.5.F hereof, Preferred Limited Partner Interests may be issued in series with each such series having such designations, powers, preferences and relative, participating, optional or other special rights, powers and privileges, including voting and conversion rights and rights, powers and privileges senior to the General Partner Interest and the Common Limited Partner Interests as shall be determined by the General Partner at the time of issuance subject to the requirements of Section 4.5 hereof and set forth in a Designation Instrument. A Preferred Limited Partner Interest of a series may be expressed as a number of Partnership Units (each a "Preferred Limited Partner Unit").
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Preferred Limited Partner Interest means a Limited Partner Interest designated pursuant to Sections 2.4(a), (b), (c), (d), (e) or (g).
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Preferred Limited Partner Interest means the classes of Preferred Partnership Interests defined pursuant to Section 2.4 hereto.
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Examples of Preferred Limited Partner Interest in a sentence

  • Notwithstanding any other provision of this Agreement, for each Partnership Year, Partnership gross income shall be specially allocated to the Preferred Limited Partners in an amount equal to the distributions received by the Preferred Limited Partners pursuant to Section 5.1(i) hereof for such Partnership Year (other than any distributions that are treated as being in satisfaction of the Liquidation Preference Amount for any Preferred Limited Partner Interest).

  • Each of the Preferred Limited Partners shall be entitled to receive an allocation of Net Profits equal to a preferred return (the "Preferred Return") with respect to each series of Preferred Limited Partner Interest held by such Preferred Limited Partner as provided in the terms and provisions applicable to such series of Preferred Limited Partner Interest.

  • Each issuance of Units of a series of Preferred Interest shall be evidenced by a Certificate of Preferred Limited Partner Interest in the form attached as Exhibit A.

  • Units of Series F Preferred Interest shall be evidenced by a Certificate of Series F Preferred Limited Partner Interest in the form attached as Exhibit A.

  • Units shall be evidenced by a Certificate of Series I-1 Preferred Limited Partner Interest in the form attached as Exhibit A.

  • Xxxxxxx Title: Executive Vice President Exhibit A CERTIFICATE OF UNITS OF SERIES G PREFERRED LIMITED PARTNER INTEREST IN GLIMCHER PROPERTIES LIMITED PARTNERSHIP Certificate No.: ___ No. of Units: ___ Glimcher Properties Corporation, as General Partner of Glimcher Properties Limited Partnership, a Delaware limited partnership (the "Company"), hereby certifies that Glimcher Realty Trust is the registered owner of ___________ (_____________) Units of Series G Preferred Limited Partner Interest in the Company.

  • Xxxxxxx Title: Senior Vice President Exhibit A CERTICIATE OF UNITS OF SERIES C PREFERRED LIMITED PARTNER INTEREST IN GLIMCHER PROPERTIES LIMITED PARTNERSHIP Certificate No: 1 No. of Units: 56,000 Glimcher Properties Corporation, as General Partner of Glimcher Properties Limited Partnership, a Delaware limited partnership (the "Company"), hereby certifies that Glimcher Realty Trust is the registered owner of Fifty-Six Thousand (56,000) Units of Series C Preferred Limited Partner Interest in the Company.

  • Xxxxxxx Title: General Counsel and Secretary Exhibit A CERTIFICATE OF UNITS OF SERIES I-1 PREFERRED LIMITED PARTNER INTEREST IN WASHINGTON PRIME GROUP, L.P. Certificate No.: No. of Units: Washington Prime Group Inc., as General Partner of Washington Prime Group, L.P., an Indiana limited partnership (the “Company”), hereby certifies that [ ] is the registered owner of [ ] ([ ]) Units of Series I-1 Preferred Limited Partner Interest in the Company.

  • No Original Limited Partner shall have any participation right under this Section 4.5.G in connection with the Partnership raising Additional Funds through the issuance of Preferred Limited Partner Interest to IAC Capital Trust unless such Preferred Limited Partner Interests are convertible into, or exercisable or exchangeable for, Common Limited Partner Interests and as a result no Funding Notice need be given to the Original Limited Partners in connection therewith.

  • Units of Series H Preferred Interest shall be evidenced by a Certificate of Series H Preferred Limited Partner Interest in the form attached as Exhibit A.

Related to Preferred Limited Partner Interest

  • 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.

  • 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).

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • 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.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • 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 such Act.

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

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

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

  • Preferred Member means a Member holding Preferred Units.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

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

  • 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.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • 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.

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

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

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Class B Units means the Class B Units of the Company.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.