Z Units definition

Z Units has the meaning set forth in the preamble of the Agreement.
Sample 1
Z Units means the Series Z Incentive Units and Series Z-1 Incentive Units, as these terms are defined in the Partnership Agreement.
Sample 1

Examples of Z Units in a sentence

  • Subscriptions for all types of Class Z Units will only be accepted from other Sub-Funds of the Fund, from investors who have entered into a separate arrangement (legal agreement) with the Manager or its delegate or on behalf of feeder funds whose investment objective is to invest in the relevant Sub-Fund.

  • Class Z Units are offered primarily to clients of the Investment Manager or its affiliates pursuant to an investment management agreement.

  • The Sub-Funds of the Fund and any other fund for which the Manager or any of its affiliates may serve as manager or investment manager may also invest in Class Z Units.

  • Emerging CTA Portfolio L.P. 1.00% per year of the adjusted net assets of Class A Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • Ceres Tactical Commodity L.P. (formerly Managed Futures Premier Aventis II L.P.) 1.00% per year of the adjusted net assets of Class A Units and 0.75% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and the adjusted net assets of the Class D Units by 0.75% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • Ceres Tactical Systematic L.P. (formerly Tactical Diversified Futures Fund L.P.) 1.00% per year of the adjusted net assets of Class A Units and 0.75% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and the adjusted net assets of the Class D Units by 0.75% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • The eligibility requirements of the Class Z Units shall be determined by the Sponsor from time to time.

  • Ceres Abingdon L.P. (formerly Managed Futures Premier Abingdon L.P.) 1.00% per year of the adjusted net assets of Class A Units and 0.75% per year of the adjusted net assets of Class D Units (computed monthly by multiplying the adjusted net assets of the Class A Units by 1.00% and the adjusted net assets of the Class D Units by 0.75% and dividing the result thereof by 12).1 Class Z Units will not be subject to an ongoing selling agent fee.

  • For the purposes of the switch, we may waive in whole or in part the subscription fee for the new units and/or the Realisation Fee (if any).Other salient terms:• Switches will be at our discretion.• You may switch into Class B Units, Class T Units and Class Z Units of a Sub-Fund only with our prior written approval.

  • The Trustee amended and restated the Fourth Amended and Restated Declaration of Trust pursuant to Article 16 of the Fourth Amended and Restated Declaration of Trust, in the form of the fifth amended and restated Declaration of Trust (the “ Fifth Amended and Restated Declaration of Trust”), which amendments included the creation of Series Z Units.

Related to Z Units

  • Common Units is defined in the Partnership Agreement.

  • 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.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

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

  • LLC Units has the meaning set forth in the LLC Agreement.

  • 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.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

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

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

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • 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.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

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

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

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

  • Class C Units shall have the meaning set forth in the preface.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • 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.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Class A Common Units means the Company's Class A Common Units.