Special Voting Unit definition

Special Voting Unit means a special voting unit of the REIT;

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Special Voting Unit means a Partnership Interest having the rights and obligations specified with respect to Special Voting Units in this Agreement. For the avoidance of doubt, holders of Special Voting Units, in their capacity as such, shall not have any rights to ownership or profits or losses or any rights to receive distributions from operations or upon the liquidation or winding-up of the Partnership.

Special Voting Unit means a special voting unit of the Fund to be issued to the holders of securities exchangeable into Units, and which shall entitle the holder to vote at any meeting of Voting Unitholders.

Examples of Special Voting Unit in a sentence

• Subject to Section 13.13, each holder of Common Units, and each holder of Special Voting Units, shall be entitled to cast, in person or by proxy, one vote for each Common Unit or Special Voting Unit, as applicable, on all matters upon which Limited Partners have the right to vote as set forth in this Agreement and provided under the Delaware Act.

• The certificate representing the Special Voting Unit shall at all times be held in safe keeping by the Trustee or its agent.

• The number of votes to which each holder of a Special Voting Unit shall be entitled shall be adjusted accordingly if (i) a Limited Partner holding Common Units, as such, shall become entitled to a number of votes other than one for each Common Unit held and/or (ii) under the terms of the Exchange Agreement the holders of Group Partnership Units party thereto shall become entitled to exchange each such Group Partnership Unit for a number of Common Units other than one.

• In the event that a holder of a Special Voting Unit shall cease to be the record holder of a Group Partnership Unit, the Special Voting Unit held by such holder shall be automatically cancelled without any further action of any Person and such holder shall cease to be a Limited Partner with respect to the Special Voting Unit so cancelled.

• Each holder of a Special Voting Unit (other than the Partnership and its Subsidiaries) shall be entitled, as such, to a number of Limited Partner votes that are equal to the aggregate number of Group Partnership Units held of record by such holder as of the relevant Record Date.

More Definitions of Special Voting Unit

Special Voting Unit means a unit of Centurion Apartment REIT issued only in connection with the Rollover Agreement. “Standard Apartment Building” means an apartment building not primarily targeted towards students.

Special Voting Unit means a special voting unit of the Trust;

Special Voting Unit means a special voting unit of the REIT attached to a Class B LP Unit;

Special Voting Unit means a unit of interest in Boardwalk REIT to be issued to the holders of LP Class B Units providing rights to vote as a Unitholder;

Special Voting Unit means a unit representing an interest in the REIT (other than Units) authorized and issued under the Declaration of Trust to a holder of Exchangeable Securities which have no economic interest but which provide the Exchangeable Securities holder with the same voting rights in the REIT as a Unit;

Special Voting Unit means a special voting unit of the Trust. “Subscriber” means a subscriber for Trust Units pursuant to the Offering.

Special Voting Unit means a special voting unit of the Trust referred to in Section3.1(a) and includes a fraction thereof.