Common Unit

Common Unit. Means a unit of the Company representing a fractional part of the interest of a Unitholder in Profits, Losses and Distributions (each as defined in the Company LLC Agreement) and having the rights and obligations specified with respect to the Common Units in the Company LLC Agreement.

Common Unit. Means a Unit representing a fractional part of the Company Interests of the Unitholders and having the rights and obligations specified with respect to Class L Units, Class M Units, Class A Units, Class B Units or Class C Units in this Agreement; provided that a "Common Unit" will not include (i) a Class M Unit unless and until such Class M Unit is a Vested Class M Unit, (ii) a Class B Unit unless and until such Class B Unit is a Vested Class B Unit and the Target B Multiple has been achieved,... or (iii) a Class C Unit unless and until such Class C Unit is a Vested Class C Unit and the Target C Multiple has been achieved. Without limiting the generality of the immediately preceding sentence and in furtherance thereof, any Units that are not included as "Common Units" pursuant to the proviso contained in the immediately preceding sentence at the time of any determination thereof shall not be deemed outstanding for purposes of Section 4.1(a) at the time of such determination. View More

Common Unit. Means a Share specified as a Common Unit by the Manager at the time it is issued.

Common Unit. Has the meaning set forth in the LLC Agreement. For purposes of this Agreement, a Person will be deemed to be an owner of Common Units whenever such Person has the right (other than pursuant to this Agreement) to acquire directly or indirectly such Common Units (directly or upon conversion, exchange or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations with respect to the exercise of such right, including whether or not such right... to acquire has vested or is unvested), whether or not such acquisition has actually been effected. Following any Conversion, all references herein to Common Units shall be deemed to be references to common stock (or other primary voting securities) of the Successor Entity or other appropriate references representing such equity interests. View More

Common Unit. Has the meaning defined in the Operating Agreement.

Common Unit. Has the meaning ascribed to such term in the Restated LLC Agreement or any common equity security of the Company (or its successor) issued in exchange thereof.

Common Unit. Means a limited partner Common Unit of the Partnership.

Common Unit. Means a Partnership Unit other than a Series B Preferred Partnership Unit, Series C Preferred Partnership Unit, LTIP Unit or any other Partnership Unit that may be established after the date hereof pursuant to a Partnership Unit Designation in accordance with the terms of Section 4.02(a)(i) hereof.

Common Unit. The meaning ascribed to such term in the OpCo LLC Agreement

Common Unit. A common unit representing a limited partner interest in the Partnership