Class A Common Unit definition

Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

Class A Common Unit means, except as otherwise provided in Section 16.6(c), a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to a “Class A Common Unit” in this Agreement. Neither a Series 1 Preferred Unit, a Class D Unit nor a Class E Unit will constitute a Class A Common Unit prior to the conversion of such Series 1 Preferred Unit, Class D Unit or Class E Unit, as applicable, into a Class A Common Unit pursuant to the terms of this Agreement.

Class A Common Unit means any Partnership Unit other than a Class B Common Unit, a Preferred Unit, or any other Partnership Unit that is specifically designated by the General Partner pursuant to Section 4.2 as being another class of Partnership Units.

Examples of Class A Common Unit in a sentence

• If, as a result of an exchange pursuant to the Exchange Agreement, Och-Ziff or any of its Subsidiaries (excluding any Operating Group Entity and any Subsidiary of an Operating Group Entity) acquires (in any manner) any Class A Common Units, each such Class A Common Unit will automatically convert into one Class B Common Unit, unless otherwise determined or cancelled.

• For situations for which the approval of the Members is required by this Agreement or by applicable law, the holders of Class A Common Units and Class B Units shall be entitled to vote on matters requiring a vote of the Members, and each Class A Common Unit and Class B Unit shall be entitled to one (1) vote on matters requiring a vote of the Members.

• For avoidance of doubt, this Section 8.27 shall not prevent the Authority from prepaying Loans in immediately available funds pursuant to and in accordance with the terms hereof.

• Subject to Sections 3.1(d) and (f) and Section 3.4, each Class A Common Unit issued and outstanding as of immediately prior to the Effective Time shall be converted into the right to receive $8.00 per Class A Common Unit in cash without any interest thereon (the “Merger Consideration”).

• No Class A Common Unit Certificate shall be valid for any purpose until it has been countersigned by the Transfer Agent; provided, however, that the Units may be certificated or uncertificated as provided in the Delaware Act.

More Definitions of Class A Common Unit

Class A Common Unit has the meaning set forth in the Limited Partnership Agreement.

Class A Common Unit means a unit representing a limited partner interest in the Partnership and designated in the Register as a Class A Common Unit as subdivided, reclassified or otherwise modified from time to time in accordance with this Agreement.

Class A Common Unit means a Unit having the rights and obligations specified with respect to the Class A Common Units in this Agreement.

Class A Common Unit has the meaning set forth in the LLC Agreement.

Class A Common Unit has the meaning set forth in Section 2.1(b)(i).

Class A Common Unit has the meaning assigned to such term in the Partnership Agreement.

Class A Common Unit has the meaning set forth in the Limited Liability Company Agreement.