Class C GP Units definition

Class C GP Units means the Class C general partner units of the Partnership held by SIR or any Related Party.
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Class C GP Units means the Class C general partner units of Royalties LP formerly held by BPI.
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Class C GP Units means class C general partnership units of NWI LP; “Class D GP Units” means class D general partnership units of NWI LP; “Class E GP Units” means class E general partnership units of NWI LP;
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Examples of Class C GP Units in a sentence

  • SIR has the right to require the Fund to, indirectly, purchase the Class C GP Units and assume a portion of the SIR Loan as consideration for the acquisition of the Class C GP Units.

  • Class C GP Units The holders of Class C GP Units are entitled to receive a cumulative preferential monthly cash distribution equal to $0.063 per Class C GP Unit held, payable on the dates that distributions are paid on the units of the Fund.

  • Class C LP Units The Class C LP Units have similar attributes to the Class C GP Units.

  • The Company has the right to require the Fund to, indirectly, purchase its Class C GP Units of the Partnership and assume a portion of the SIR Loan as consideration for the acquisition of the Class C GP Units.

  • Generally, the Partnership units have no voting rights, except in certain specified conditions.The Partnership makes cash distributions to its partners in the following order of priority: i) First, to the holders of the Class C GP Units and the Class C LP Units, ii) second, to the holders of the Class B GP Units, iii) third, to the holders of the Ordinary GP Units, and iv) thereafter, to the holders of the Class A GP Units, the Class A LP Units, and the Ordinary LP Units.

  • The Company has the right to require the Fund to indirectly purchase its Class C GP Units of the Partnership and assume a portion of the SIR Loan as consideration for the acquisition of the Class C GP Units.

  • The Intercreditor Agreement also contains various other typical covenants of the Fund and the Partnership.SIR has the right to require the Fund to, indirectly, purchase the Class C GP Units and assume a portion of the SIR Loan as consideration for the acquisition of the Class C GP Units.

  • The Partnership’s issued capital consists of Class A LP Units, Ordinary LP Units, Ordinary GP Units, Class A GP Units, Class B GP Units and Class C GP Units.

  • The $150,000 per month of interest that Royalties LP previously paid to BPI on the Class C GP Units is now indirectly received by the Fund as distributions paid to Holdings LP on the Class C LP Units.

  • As part of the Class C Exchange, Holdings LP received 2,400,000 Class C LP Units, which entitle Holdings LP to receive the monthly distributions from Royalties LP that BPI previously received on the Class C GP Units.


More Definitions of Class C GP Units

Class C GP Units means Class C general partner units of the Partnership;
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Class C GP Units means the Class C general partner units of the Partnership, having the rights, privileges, restrictions and conditions set out in the Partnership Agreement;
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Related to Class C GP Units

  • 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.

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

  • 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.

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

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

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class B Interests As set forth in the Trust Agreement.

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

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

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

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Common Units is defined in the Partnership Agreement.

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

  • 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 B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

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

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

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • 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 Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class B Common Shares means shares of Class B Common Stock.

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.