Class C Limited Partners definition

Class C Limited Partners means, at any time (a) prior to the unitization of the Class C Limited Partners’ Interests, those Persons who are Class C Limited Partners of the Borrower pursuant to the Partnership Agreement at such time, and (b) from and after the unitization of the Class C Limited Partners’ Interests, those Persons whose investment in the Borrower will be designated as preferred units, pursuant to the Partnership Agreement at such time.
Sample 1
Class C Limited Partners means any lawful holder of a Class C Unit, which shall be limited to those limited partners of the Partnership who are (i) management level employees of the General Partner (but not more than ten such employees), and (ii) Columbia and/or any Columbia Affiliate; together with any person or entity to which said Unit may be lawfully and properly assigned under the provisions of this Agreement. Any individual who may lawfully hold Class C Units pursuant to the foregoing definition is hereinafter referred to as a "Qualified Class C Limited Partner." "Class C Limited Partner" means any one of the Class C Limited Partners.
Sample 1
Class C Limited Partners. 3 1.19. “Code” 3 1.20. “Columbia” 3 1.21. “Columbia Affiliate” 3 1.22. “Columbia Sub” 3 1.23. “Contribution Agreement” 4 1.24. [RESERVED] 4 1.25. “General Partner” 4 1.26. “Hospital” 4 1.27. “Limited Partner” 4 1.28. “Liquidator” 4 1.29. “New Hospital” 4 1.30. “Partners” 4 1.31. “Partnership” 4 1.32. “Person” 4 1.33. “Qualified Purchaser” 4 1.34. “Sharing Percentage” 4 1.35. “Substituted Limited Partner” 5 1.36. “Syndication Expenses” 5 1.37. “Terminating Event” 5
Sample 1

Examples of Class C Limited Partners in a sentence

  • The Partners acknowledge that certain Active Partners (including former Active Partners) and the Class C Limited Partners will receive compensation for services, and such compensation may, for U.S. federal income tax purposes, be treated as a guaranteed payment for services under Code section 707(c).

  • Subject to approval of the Class A Limited Partners, the General Partner may issue limited partnership interests in the Partnership to individuals who are eligible as Class C Limited Partners and admit them to the Partnership as additional Limited Partners, which in all instances shall comply with applicable securities laws.

  • The parties desire to amend the Support Agreement to include as Class C Limited Partners, Red Hat, Norwest, Thxxxx Xexxxx xnd the New Investors.

  • Upon the receipt of such written notice, the Partnership shall have the right, but not the obligation, for the ensuing sixty (60) days to purchase such Class C Limited Partner's or Class B Limited Partner's interest in the Partnership.

  • If additional Class C Limited Partner Units (“Class C Units”) are issued by the Partnership, PPI shall be deemed to have sold to the newly admitted Class C Limited Partners the Units purchased by such Partners pursuant to Section 5.12, below.

  • Except as set forth in Section 6.2(e) below, if Class A and Class C Units are issued by the Partnership pursuant to Section 13.5 below, the cash paid to the Partnership for such Units shall be distributed by the Partnership to either the Class B Limited Partners (as a class) or the current Class A and Class C Limited Partners (as a class), all as more fully set forth in this Section 6.2. Except as set forth in Section 6.2(e).

  • Except as required by this Agreement and the Act, neither Class B Limited Partners nor Class C Limited Partners shall have any voting rights.

  • To the extent that Net Liquidity Event Proceeds are not sufficient to fully satisfy the cash preference amounts of the Class B and Class C Limited Partners and the Class C Limited Partners of STP, then the available Net Liquidity Event Proceeds shall be allocated among them on a pro rata basis based on their respective Agreed Values (as defined in this Agreement, and in Exhibit A to the STP limited partnership agreement with respect to the Class C Limited Partners of STP).

  • Of this payment, $4,756,000 will be the Class C Limited Partner's initial Capital Account balance, and the remaining $100,000 will be allocated to the right to purchase the Warrant referred to in Section 1.3 of the Class C Subscription Agreement.

  • The combined Class C Percentage Interests of all Class C Limited Partners shall at all times equal one hundred percent (100%).


More Definitions of Class C Limited Partners

Class C Limited Partners means those limited partners of the Partnership who are management level employees of the Partnership or the General Partner. Further, Columbia Sub and/or any Columbia Affiliate, and Bartow and/or any Bartow Affiliate may become a Class C Limited Partner as a subsequent transferee from a Class C Limited Partner. “Class C Limited Partner” means any one of the Class C Limited Partners.
Sample 1
Class C Limited Partners means those Limited Partners who are management level employees of the Partnership or the General Partner, or any Affiliate thereof. "Class C Limited Partner" means any one of the Class C Limited Partners.
Sample 1
Class C Limited Partners means those Limited Partners who are management level employees of the Partnership or the General Partner, or any Affiliate thereof. “Class C Limited Partner” means any one of the Class C Limited Partners. by dividing the number of Units owned by such Partner by the number of Units owned by all of the Partners in the same class as such Partner (with the Class B Limited Partners being treated as one class and the General Partner and the other Limited Partners being treated as one class), multiplied by eighty one percent (81%) with respect to the General Partner and the Class A Limited Partners and multiplied by nineteen percent (19%) with respect to the Class B Limited Partners. The Partners hereby agree that their Percentage Interests shall constitute their interests in the Partnership profits for purposes of determining their respective shares of the Partnership’s “excess nonrecourse liabilities” (within the meaning of section 1.752-3(a)(3) of the Regulations).
Sample 1
Class C Limited Partners set forth in Section 1.17 of the Partnership Agreement is hereby amended and restated in its entirety to read as follows:
Sample 1
Class C Limited Partners means any lawful holder of a Class C Unit, which shall be limited to those limited partners of the Partnership who are (i) management level employees of the General Partner (but not more than ten such employees) and (ii) Columbia and/or any Columbia Affiliate before the effective date of the Spin-off and LifePoint and/or any LifePoint Affiliate on or after the effective date of the Spin-off; together with any person or entity to which said Unit may be lawfully and properly assigned under the provisions of this Agreement. Any individual who may lawfully hole Class C Units pursuant to the foregoing definition is hereinafter referred to as a
Sample 1

Related to Class C Limited Partners

  • 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.

  • 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.

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

  • 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.

  • 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).

  • 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.

  • 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.

  • 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.

  • 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.

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

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

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Class A Members means those Members who have purchased Class A Interests.

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

  • Original Limited Partner means the Limited Partners designated as “Original Limited Partners” on Exhibit A hereto.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Class B Units means the Class B 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”.

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

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

  • Limited Partners means all such Persons.

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