Class D Unit Conversion Date definition

Class D Unit Conversion Date has the meaning assigned to such term in Section 4.15(c)(i).

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Class D Unit Conversion Date means one or more dates set forth in an agreement between the Partnership and a holder of a Class D Unit on which all or a percentage of such holder’s Class D Units are convertible into Common Units subject to the terms herein.

Class D Unit Conversion Date means one or more dates set forth in an agreement between the Partnership and a holder of a Class D Unit on

Examples of Class D Unit Conversion Date in a sentence

Subject to a requirement of Good Standing as may be set forth in an agreement between the Partnership and a holder of Class D Units, the Class D Units shall convert into Common Units upon a Class D Unit Conversion Date (or, if applicable, an Accelerated Class D Unit Conversion Date) as defined in an agreement between the Partnership and the holder of Class D Units.
The Person or Persons entitled to receive the Class A Common Units issuable upon such conversion shall be treated for all purposes as the Record Holder or Holders of such Class A Common Units commencing as of the close of business on the Class D Unit Conversion Date.
The conversion pursuant to this Section 4.15(c) shall be deemed to have occurred on the Class D Unit Conversion Date.