Rights of Unit Holders Clause Samples

Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B, it is the intention of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders. B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and Unit Holders shall share pari passu on the basis of one Limited Partner Interest for one Depositary Unit, and shall be considered as a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement. C. Limited Partners (other than the Depositary) and Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Limited Partner Interest and each Depositary Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders.

Rights of Unit Holders. The registered owner of a Unit Certificate shall have all the rights and privileges of a registered owner of the Senior Preferred Stock of Holdings represented thereby and the number of shares of Class B Common of Holdings represented thereby and shall be treated as the registered owner thereof for all purposes.

Rights of Unit Holders. Except as otherwise provided herein, the term “Member” for purposes of this ARTICLE VII shall include a Unit Holder.

Rights of Unit Holders. 34 10.6. Allocations During Period of Liquidation .....................................................34 10.7. Character of Liquidating Distributions ..........................................................34 10.8. The Liquidator ...............................................................................................34 10.9. Forms of Liquidating Distributions ...............................................................35 SECTION 11. MISCELLANEOUS ..............................................................................35 11.1. Notices ...........................................................................................................35 11.2. Binding Effect ...............................................................................................35 11.3. Construction ..................................................................................................35 11.4. Headings ........................................................................................................35 11.5. Severability ....................................................................................................35 11.6.

Rights of Unit Holders. 37 Section 7.01. Beneficiaries of Trust......................................................................37 Section 7.02. Rights, Terms and Conditions................................................................38 ARTICLE VIII DEPOSITOR..............................................................................38

Rights of Unit Holders. The Unit Holders shall own pro rata the Beneficial Interest and shall be entitled to participate pro rata in the rights and benefits of Unit Holders under this Agreement. A Unit Holder by assignment or otherwise shall take and hold the same subject to all the terms and provisions of this Agreement, the Escrow Agreement, the Other Trust Agreements and the Conveyances, which shall be binding upon and inure to the benefit of the successors, assigns, legatees, heirs and personal representatives of the Unit Holder. By an assignment or transfer of one or more Units, the assignor thereby shall, effective as of the close of business on the date of transfer and with respect to such assigned or transferred Unit or Units, part with, except as provided in Sections 3.07 and 4.02 hereof in the case of a transfer after a Monthly Record Date and prior to the corresponding Distribution Date, (a) all of his Beneficial Interest attributable thereto, (b) all of his rights in, to and under such Unit or Units and (c) all interests, rights and benefits under this Agreement of a Unit Holder that are attributable to such Unit or Units as against all other Unit Holders and the Trustee. As to the Trustee, the rights of the Unit Holders shall be subject to the terms of this Article III with respect to Unit Holders.

Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section ▇.▇▇, it is the intention of the parties hereto that, except to the extent set forth in Section 3.6B, Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to Limited Partners under the Act and this Agreement shall extend to the Unit Holders. B. Without limiting the generality of Section 7.2A, persons who become Limited Partners pursuant to Section 7.3 below and other Unit Holders shall share pari passu on the basis of one Limited Partner interest for one Unit, and shall be considered a single class, with respect to all rights to receive distributions and allocations pursuant to this Agreement. C. Subject to Section 12.2, Unit Holders shall vote on all matters in respect of which they are entitled to vote (either in person, by proxy, or by written consent), as a single class, with each Unit entitled to one vote; provided, however, that the Depositary shall vote on behalf of and only as directed by the Unit Holders who are not Substituted Limited Partners.

Rights of Unit Holders. If any Person who is not a Member acquires ownership of one or more Units, the term “Member” shall be construed to include such Unit Holder for purposes of this Article VI.

Rights of Unit Holders. 38 10.6 Allocations During Period of Liquidation .....................................................39 10.7