LP Class B Units definition

LP Class B Units means the Class B Common Units of the Operating Partnerships.
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LP Class B Units means the class of non- transferable, redeemable units of the Partnership designated as the “Class B Units”.
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LP Class B Units means the Class B common units of the Operating Partnerships;
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Examples of LP Class B Units in a sentence

  • All LP Class B Units issued and outstanding immediately prior to the LP Mergers Effective Time shall not be converted, cancelled nor extinguished and shall continue to remain outstanding as LP Class B Units of the applicable Surviving Limited Partnership following the LP Mergers Effective Time, and the holder of such LP Class B Units that is the general partner of the Operating Partnerships immediately prior to the LP Mergers Effective Time shall continue as general partner of the Operating Partnerships.

  • No L.P. Class B Units have been issued in violation of Applicable Law.

  • The number of L.P. Class B Units issued to each such Principal shall equal the quotient of (i) such Principal’s pro rata portion of the Growth Equity Payment as set forth on Schedule 2.6.1(a), and (ii) the L.P. Class B Unit Price.

  • The number of L.P. Class B Units issued to each such Principal shall equal the quotient of (i) such Principal’s pro rata portion of the First Retention Equity Payment as set forth on Schedule 2.6.1(a), and (ii) the L.P. Class B Unit Price.


More Definitions of LP Class B Units

LP Class B Units means the class B partnership units of High Arctic LP, all of which will be held by HAES as a general partner of High Arctic LP following completion of this offering;
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Related to LP 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 Common Units has the meaning set forth in Section 1(a) hereof.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.