Class B Unit
means a Partnership Unit that is specifically designated by the General Partner as being a Class B Unit.
Class B Unit
means a Partnership Unit which is designated as a Class B Unit of the Partnership.
Class B Unit
means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class B Units in this Agreement.
Examples of Class B Unit in a sentence
Upon redemption of Class B Units or upon liquidation or sale of the Cooperative, holders of Class B Units shall receive no more than the par value of each Class B Unit.
The number of Class B Units issued to any such holder in respect of such reinvested distributions shall equal the amount of such reinvested distributions divided by the most recent Net Asset Value per Class B Unit at the time of such distribution.
Each Class B Unit constitutes preferred equity and shall have a par value equal to its purchase price from the Cooperative by the Nonpatron Member.
Each Class B Unit shall be entitled to noncumulative dividends if and when declared by the Board, provided that such dividends (1) shall be paid solely from Cooperative receipts from other than Patron Members and (2) shall not exceed eight percent per annum of the par value of the Class B units.
More Definitions of Class B Unit
Class B Unit
means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B Units in this Agreement.
Class B Unit
means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class B Units in this Agreement. The term “Class B Unit” does not refer to a Common Unit until such Class B Unit has converted into a Common Unit pursuant to the terms hereof.
Class B Unit
means a Unit having the rights and obligations specified with respect to Class B Units in this Agreement.
Class B Unit
means a unit representing a Class B Interest having the rights, preferences and designations provided for such class in this Agreement.
Class B Unit
means a Partnership Interest having the rights and obligations specified with respect to Class B Units in this Agreement. A Class B Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.
Class B Unit
means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B Units in this Agreement. The term “Class B Unit” as used herein does not include a Common Unit, Subordinated Unit or Parity Unit. A Class B Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs. The term “Class B Unit” includes the Privately Placed Class B Units and the Sponsor Class B Units.
