Operating Partnership Units definition

Operating Partnership Units means limited partnership units of the Operating Partnership.
Operating Partnership Units shall have the meaning assigned thereto in Section 2.2 of this Agreement.
Operating Partnership Units is defined in the recitals to this Agreement.

Examples of Operating Partnership Units in a sentence

  • The Series F may be purchased by holders of our Operating Partnership Units, or OP Units, described below under “Operating Partnership Units,” at a purchase price of $0.0001 per share.

  • Book value per diluted common share is calculated as total equity less the liquidation preference of our Series A Preferred Stock ($140.0 million) and Series B Preferred Stock ($155.0 million); divided by total common shares outstanding plus Operating Partnership Units convertible into shares of common stock (1,425,000 shares).

  • Operating Partnership Units Holders of operating partnership units have certain redemption rights, which would enable them to cause our operating partnership to redeem their units in exchange for cash per unit equal to the market price of our common stock, at the time of redemption, or, at our option for shares of our common stock on a one-for-one basis.

  • SPOP Units will be entitled to distributions ranging from 7.5% to 8.0% per annum for up to 15 years and are not convertible into Common Operating Partnership Units.

  • The remaining 2.1% of the Operating Partnership Units are owned by the other limited partners comprised of certain of our current executive officers and members of our Board of Directors and includes vested and unvested long-term incentive plan ("LTIP") partnership units.


More Definitions of Operating Partnership Units

Operating Partnership Units means, collectively, the LP Class A Units, LP Class A-1 Units, LP Class B Units, LP Class C Units, LP Class D Units, LP Class E Units, LP Class P Units, LP Class P-4 Units and LP Profit Sharing Interests.
Operating Partnership Units means any class of limited partnership units representing partnership or other equity interests in the Operating Partnership.
Operating Partnership Units means the Operating Partnership Common Units and the Operating Partnership Preferred Units.
Operating Partnership Units means securities issued by a Down REIT (including without limitation any limited partnership interests or limited liability company interests) which are convertible into capital stock of the Company or which are redeemable in consideration of the delivery of capital stock of the Company and which are issued in connection with the creation of a Down REIT by the Company.
Operating Partnership Units means the OP Common Units and the OP Preferred Units.
Operating Partnership Units means units of limited partnership interest of the Operating Partnership.