CTPL Class B Units definition

CTPL Class B Units means the Class B Units to be issued by the Partnership to the CEI Holder pursuant to the CEI Subscription Agreement, as if such Class B Units were issued and Outstanding on the Purchaser Class B Initial Funding Date and as such Class B Units are adjusted over time pursuant to Sections 5.12(b)(ii) and 5.12(b)(ix). The purchase price for each CTPL Class B Unit shall be the Class B Issue Price regardless of the number of Class B Units actually issued.
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CTPL Class B Units means the 12 million Class B Units issued by the Partnership to Cheniere LNG Terminals, Inc. or an Affiliate thereof pursuant to the CEI Subscription Agreement.
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CTPL Class B Units means the Class B Units to be issued by the Partnership to the CEI Holder pursuant to the CEI Subscription Agreement, as if such Class B Units were issued and Outstanding on the Purchaser Class B Initial Funding Date and as such Class B Units are adjusted over time pursuant to Sections 5.12(b)(ii) and 5.12(b) (ix). The purchase price for each CTPL Class B Unit shall be the Class B Issue Price regardless of the number of Class B Units actually issued.
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Examples of CTPL Class B Units in a sentence

  • The General Partner hereby designates and creates a class of senior subordinated Units to be designated as “Class B Units”, consisting of (i) the CEI Class B Units, (ii) the Purchaser Class B Units, (iii) the CTPL Class B Units and (iv) any other Class B Units contemplated to be issued by the Basic Documents, and fixes the designations, preferences, participation, optional or other special rights, powers and duties of holders of the Class B Units as set forth in this Section 5.12.

  • The CTPL Class B Units shall be issued to the CEI Holder in accordance with the CEI Subscription Agreement.

  • On the Purchaser Class B Initial Funding Date, the CTPL Class B Units shall be issued to the CEI Holder pursuant to the terms and conditions of the CEI Subscription Agreement.


More Definitions of CTPL Class B Units

CTPL Class B Units means the 12 million Class B Units to be issued by the Partnership to Cheniere LNG Terminals, Inc. or an Affiliate thereof pursuant to the CEI Subscription Agreement.
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Related to CTPL Class B 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 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 B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • 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.