LTIP Units and Performance Units. For purposes of the allocations set forth in this Section 6.4.A, each issued and outstanding LTIP Unit or Vested Performance Unit will be treated as one outstanding Partnership Common Unit, and each Unvested Performance Unit will be treated as the product of one outstanding Partnership Common Unit times the Performance Unit Sharing Percentage.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Rexford Industrial Realty, Inc.), Agreement of Limited Partnership (Rexford Industrial Realty, Inc.), Limited Partnership Agreement (Rexford Industrial Realty, Inc.)
LTIP Units and Performance Units. For purposes of the allocations set forth in this Section 6.4.A6.3.A, each issued and outstanding LTIP Unit or Vested Performance Unit will be treated as one outstanding Partnership Common Unit, Unit and each Unvested Performance Unit will be treated as the product of one outstanding Partnership Common Unit times multiplied by the Performance Unit Sharing Percentage.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mobile Infrastructure Corp), Agreement and Plan of Merger (Mobile Infrastructure Corp), Limited Partnership Agreement (Parking REIT, Inc.)
LTIP Units and Performance Units. For purposes of the allocations set forth in this Section 6.4.A6.3.A, each issued and outstanding LTIP Unit or Vested Performance Unit will be treated as one outstanding Partnership Common Unit; provided, and however, that for purposes of determining Percentage Interests with respect to Common Units, each Unvested Performance Unit will be treated as the product a fraction of one outstanding Partnership Common Unit times equal to one Common Unit multiplied by the Performance Unit Sharing Percentage.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Hudson Pacific Properties, L.P.), Limited Partnership Agreement (Hudson Pacific Properties, L.P.)
LTIP Units and Performance Units. For purposes of the allocations set forth in this Section 6.4.A6.4, including, without limitation, Section 6.4.A(iii), each issued and outstanding LTIP Unit or Vested Performance Unit will be treated as one outstanding Partnership Common Unit, and each Unvested Performance Unit will be treated as the product of one outstanding Partnership Common Unit times the Performance Unit Sharing Percentage.
Appears in 1 contract
Samples: Limited Partnership Agreement (Workspace Property Trust)
