Conversion to Class A Units Sample Clauses

Conversion to Class A Units. Vested LTIP Units are eligible to be converted into Class A Units in accordance with Section 4.7.
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Conversion to Class A Units. (A) In the event that a holder of Series E Preferred Stock exercises its right to convert such Series E Preferred Stock into REIT Shares, then, concurrently therewith, an equivalent number of Series E Preferred Units shall be automatically converted into a number of Class A Units equal to (x) the number of REIT Shares issued upon conversion of such Series E Preferred Shares divided by (y) the Conversion Factor. Any such conversion will be effective at the same time as the conversion of Series E Preferred Stock into REIT Shares is effective.
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Conversion to Class A Units. Unrestricted Class M Units are eligible to be converted into Class A Units in accordance with Section 15.4 hereof.
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Conversion to Class A Units. (a) Beginning on the third anniversary of the date of issuance of a Class C Unit and on each anniversary thereafter, up to and including the seventh anniversary of such issuance, each holder of a Class C Unit shall receive a number of Class A Units, with respect to each Class C Unit owned as of such date, equal to (A) the greater of (y) one (1) or (z) $24.125 divided by the average of the daily market price for the ten (10) consecutive trading days immediately preceding such anniversary date of a REIT Share (determining the "market price" consistent with the method set forth in the definition of "Value" in the Agreement), multiplied by (B) .20. On each date of issuance of Class A Units pursuant to this subparagraph (a), one-fifth of the Class C Units held by each holder thereof immediately prior to such date shall be canceled and retired.
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Conversion to Class A Units. If the Partnership consummates the sale of the Contributed Property (other than in a transaction that would not trigger gain under Section 704(c) of the Internal Revenue Code of 1986, as amended), then, on the date that is sixty (60) days following the date of closing of any such sale, each Class D Unit shall automatically convert to a Class A Unit, and each Class D Unit shall be canceled and retired.
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Conversion to Class A Units. Class RS LTIP Units are eligible to be converted into Class A Units in accordance with Section 4.7 hereof.
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Conversion to Class A Units. (A) Conversion by Persons other than the General Partner. Holders of Series H Preferred Units (other than the General Partner) shall have the right to convert all or a portion of such Series H Preferred Units into Class A Units as follows:
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Related to Conversion to Class A Units

  • Conversion Shares Issuable Upon Conversion of Principal Amount The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Conversion Price.

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Conversion of Preferred Stock If the Class is a class and series of the Company’s convertible preferred stock, in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common stock pursuant to the provisions of the Company’s Certificate of Incorporation, including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Conversion of Multiple Notes by a Single Holder If a Holder converts more than one (1) Note on a single Conversion Date, then the Conversion Consideration due in respect of such conversion will (in the case of any Global Note, to the extent permitted by, and practicable under, the Depositary Procedures) be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder.

  • Conversion of Subordinated Units (a) All of the Subordinated Units shall convert into Common Units on a one-for-one basis on the first Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of the final Quarter of the Subordination Period.

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