Common Units definition

Common Units is defined in the Partnership Agreement.

Common Units means the common units representing limited partner interests in the Partnership.

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

Examples of Common Units in a sentence

• The rights, preferences and limitations of the Common Units are set forth in, and this Certificate and the Common Units represented hereby are issued and shall in all respects be subject to the terms and provisions of, the Partnership Agreement.

• The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units.

• The Transfer Agent is hereby appointed registrar and transfer agent for the purpose of registering Common Units and transfers of such Common Units as herein provided.

• If there is a Liquidity Event before the expiration or termination of this instrument, the Investor will, at its option, either (i) receive a cash payment equal to the Purchase Amount (subject to the following paragraph) or (ii) automatically receive from the Company a number of Common Units equal to the Purchase Amount divided by the Liquidity Price, if the Investor fails to select the cash option.

• The Purchase Amount will be paid prior and in preference to any Distribution of any of the assets of the Company to holders of outstanding Common Units by reason of their ownership thereof.

More Definitions of Common Units

Common Units has the meaning set forth in the recitals.

Common Units means Units having the rights and obligations of Common Units set forth in the LLC Agreement.

Common Units means common units representing limited partner interests in the Partnership.

Common Units means the Class A Units.

Common Units has the meaning set forth in the recitals of this Agreement.

Common Units has the meaning set forth in Section 3.1(a).

Common Units shall have the meaning assigned to it in the Operating Agreement and includes any equity securities issued or issuable directly or indirectly with respect to such Common Units by way of any dividend or split or exchange or in connection with a combination of units, recapitalization, merger, consolidation or other reorganization.