Common use of Market Value of OP Units Clause in Contracts

Market Value of OP Units. The term “Market Value” as used herein shall mean the average of the daily market price of the common stock of the Company (or any successor thereto) (the “Common Stock”) for the ten (10) consecutive trading days immediately preceding the closing of the transactions pursuant to Optionee’s Election Notice. For purposes of determining Market Value, one (1) OP Unit shall be deemed in value to be equal to one (1) share of Common Stock, subject to any adjustments required under the partnership agreement in effect for the Optionee or to reflect stock splits, reclassifications, dividends in-kind, and the like.

Market Value of OP Units. The term “"Market Value” " as used herein shall mean the average of the daily market price of the common stock of the Company (or any successor thereto) (the “"Common Stock”") for the ten (10) consecutive trading days immediately preceding the closing of the transactions pursuant to Optionee’s 's Election Notice. For purposes of determining Market Value, one (1) OP Unit shall be deemed in value to be equal to one (1) share of Common Stock, subject to any adjustments required under the partnership agreement in effect for the Optionee or to reflect stock splits, reclassifications, dividends in-kind, and the like.

Market Value of OP Units. The term “"Market Value” " as used herein shall mean the average of the daily market price of the common stock of the Company (or any successor thereto) (the “"Common Stock”") for the ten (10) consecutive trading days immediately preceding the closing of the transactions pursuant to Optionee’s 's Election Notice. For purposes of determining Market Value, one (1) OP Unit shall be deemed in value to be equal to one (1) share of Common Stock, subject to any adjustments required under the partnership agreement in effect for the Optionee or to reflect stock splits, reclassifications, dividends in-kind, and the like.the