Class of Units definition

Class of Units or “Class” means all Units of the REIT created by the Trustee as a separate Class of Units
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Class of Units means a particular investment which
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Class of Units means, in relation to any Compartment, a category of Units issued in representation of Loan Receivables allocated to such Compartment and giving identical rights to its holder(s); being understood that such Compartment may issue different Classes of Units and/or Notes, which confer different rights to principal and interest and, more generally, over the assets in representation of which such classes of Units are issued.
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Examples of Class of Units in a sentence

  • Each Class of Units is subject to different eligibility requirements as set forth in the Disclosure Document.

  • The terms applicable to any such Class of Units shall be as set forth in any amendment to this Agreement, the Disclosure Document or any supplement thereto, resolutions of this FuturesAccess Fund or such other form, as determined by the Sponsor.

  • In any purchase by the Members or the Manager described above, the Manager will automatically adjust the Membership Interests of the Purchasing Members or the Manager to reflect the respective number and Class of Units or Interests transferred, and the Manager shall revise Appendix B (attached hereto), as appropriate to reflect such adjustment.

  • Except as expressly provided for herein, the General Partner may modify or waive in whole or in part the General Partner’s Fee for any Class of Units.

  • Each Class of Units shall initially be issued at $1.00 per Unit, and thereafter at Net Asset Value.

  • The exchange of Units shall occur automatically after the close of business on the applicable date of the exchange of REIT Shares, as of which time the holder of a Class of Units having the same designation as the Exchanged REIT Shares shall be credited on the books and records of the Partnership with the issuance, as of the opening of business on the next day, of the applicable number of Units having the same designation as the Received REIT Shares.

  • This Section shall not be amended without the approval or consent of at least two-thirds (2/3) of the voting power of Members holding each Class of Units.

  • Certain ▇▇▇▇▇▇▇ ▇▇▇▇▇ clients may invest in Class I or a customized Class of Units on different terms than those described herein, depending on the type of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Account held by such clients.

  • The number of Units shall be determined by dividing the amount of the additional contribution by the Net Asset Value Per Unit of the Class of Units for which the Member is subscribing as of the effective date of the contribution.

  • Upon receipt of a written request, signed by Limited Partners owning at least 10% of each Class of Units of Limited Partnership Interest then outstanding, that a meeting of the Partnership be called to vote upon any matter which the Limited Partners may vote upon pursuant to this Agreement, the General Partner shall, by written notice to each Limited Partner of record mailed within fifteen (15) days after receipt of such request, call a meeting of the Partnership.


More Definitions of Class of Units

Class of Units or “Class” means all Units of the Fund created by the Trustee as a separate Class of Units and available for issuance;
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Class of Units means a class of Units of the Partnership being either Class B Units or Class F Units.
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Class of Units with respect to Units of the Fund means a class or category of Units, as distinct from another class or category of Units of the Fund, and is distinct from the rights and interest of Units of the other class or category of Units vis-à-vis the respective schemes of the Trust.
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Related to Class of Units

  • Class B Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class B Units” in this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.