Class C LP Units definition
Examples of Class C LP Units in a sentence
The Units shall be Class C LP Units under the terms of the Partnership Agreement.
The Unvested Restricted Shares received in exchange for Class C LP Units shall become Vested Shares as set forth below.
The rate at which Class A LP Units shall be delivered upon conversion of Class C LP Units shall initially be one Class A LP Unit for each Class C LP Unit, and shall be adjusted to reflect any Recapitalization occurring after the Effective Time.
Class A LP Units issued on conversion of Class LP Units shall be deemed to have been issued, and such Class C LP Units shall be deemed to be canceled and retired, as of the close of business on the date Certificates evidencing such Class C LP Units are surrendered to the Partnership for conversion.
The Class C LP Units represents the right to participate in the distributions of the Fund as provided for herein.