Class P Unit definition

Class P Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class P Unit as provided in this Agreement.
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Class P Unit means the class of units of the Partnership designated as the “Class P Units”.
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Class P Unit means each unit of limited liability interest in OpCo designated as a “Class P Unit” pursuant to the OpCo LLC Agreement.
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Examples of Class P Unit in a sentence

  • Please sign this Award Agreement in the space provided below to confirm your Class P Unit Grants and return a copy at your earliest convenience.

  • The Class P Common Units constituting each of your Class P Unit Grants are subject to the terms and conditions of the LPAs, including, but not limited to, the vesting and forfeiture terms set forth therein.

  • The Preferred Return on a Class P Unit for any Preferred Return Period shall accrue and be payable in kind by adding to the then-existing Class P Unit Liquidation Preference of such Class P Unit an amount equal to the amount of such Preferred Return (but only to the extent such Preferred Return in respect of such Class P Unit has not previously been paid, including pursuant to an RP Election or Section 4.03(b), Section 4.03(c), Section 4.03(d) or Section 10.02 of the LLC Agreement).

  • But, for the avoidance of doubt, no tax benefit or deemed tax benefit shall give rise in connection with more than one such event to a payment or right to payment in respect of a Class P Unit (or other securities into which such Class P Unit is converted or exchanged).

  • In furtherance thereof (and notwithstanding anything to the contrary contained herein), prior to the time any Class P Unit becomes an Equitized Class P Series Unit or a Common Units is issued upon the forfeiture and cancellation of such Class P Unit, such Class P Unit shall not be entitled to receive any distribution hereunder that would result in an Adjusted Capital Account Deficit with respect to such Class P Unit.


More Definitions of Class P Unit

Class P Unit means a Class P Unit in the Company representing a profits interest in the Company as more fully described in Section 3.10 of the LLC Agreement.
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Class P Unit means, collectively, one Blue Owl Holdings Class P Unit and one Blue Owl Carry Class P Unit.
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Class P Unit means a Class P Unit of the Company.
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Class P Unit means any Unit designated as a Class P Unit and having the rights and obligations set forth herein with respect thereto.
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Class P Unit as defined in, and issued under, the Blue Owl Holdings LP Agreement.
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Class P Unit means a Class P Unit issued under this Plan, which is subject to restrictions set forth in that certain Amended and Restated Company Agreement of Atlas Sand Management Company, LLC, dated as of August 4, 2017 (the “Company Agreement”) and the Participant Agreement.
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Class P Unit has the meaning set forth in the Company LLCA.
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