Initial Common Unit definition

Initial Common Unit means a Common Unit sold in the Initial Offering.

Initial Common Unit means the Common Units sold in the Initial Offering.

Initial Common Unit means a Common Unit issued in the Initial Public Offering.

Examples of Initial Common Unit in a sentence

• A Unitholder holding a Class D Unit that has converted into a Common Unit pursuant to Section 5.13 shall not be issued a Unit Certificate pursuant to Section 4.1 or 5.13(c), and shall not be permitted to transfer such Common Units until such time as the General Partner determines, based on advice of counsel, that the converted Class D Unit should have, as a substantive matter, like intrinsic economic and federal income tax characteristics of an Initial Common Unit.

• In exchange for such Capital Contributions by the Underwriter, the Partnership issued Common Units to each Underwriter on whose behalf such Capital Contribution was made in an amount equal to the quotient obtained by dividing (i) the cash contribution to the Partnership by or on behalf of such Underwriter by (ii) the Issue Price per Initial Common Unit.

• A Unitholder holding a Class C Unit that has converted into a Common Unit pursuant to Section 5.12 shall not be issued a Common Unit Certificate pursuant to Section 4.1, and shall not be permitted to transfer such Common Units until such time as the General Partner determines, based on advice of counsel, that the converted Class C Unit should have, as a substantive matter, like intrinsic economic and federal income tax characteristics of an Initial Common Unit.

• In exchange for such Capital Contributions by the Underwriters, the Partnership shall issue Common Units to each Underwriter on whose behalf such Capital Contribution is made in an amount equal to the quotient obtained by dividing (i) the cash contribution to the Partnership by or on behalf of such Underwriter by (ii) the Issue Price per Initial Common Unit.

• In exchange for such Capital Contributions by the Underwriters, the Partnership shall issue Common Units to each Underwriter in an amount equal to the quotient obtained by dividing (i) the cash contribution to the Partnership by or on behalf of such Underwriter by (ii) the Issue Price per Initial Common Unit.

More Definitions of Initial Common Unit

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

Initial Common Unit means a Common Unit issued as of the Effective Date.

Initial Common Unit means the Common Units sold in the Initial Offering. “Initial Limited Partners” means the Persons listed on Exhibit D hereto.

Initial Common Unit means a Common Unit other than a Converted Common Unit.

Initial Common Unit means a Common Unit issued on the Closing Date.