Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, the Book-Up Target of which is zero, into an equal number of fully paid and non-assessable Common Units, giving effect to all adjustments (if any) made pursuant to Section 1.7.
Appears in 6 contracts
Samples: Original Agreement (Easterly Government Properties, Inc.), Original Agreement (Easterly Government Properties, Inc.), American Farmland Co
Number of Units Convertible. A holder Holder of Vested LTIP Units may convert such Vested LTIP Units, the Book-Book Up Target of which is zero, may convert all or any portion of such Units into an equal number of fully paid and non-assessable Partnership Common Units, giving effect to all adjustments (if any) made pursuant to Section 1.74.5(b).
Appears in 4 contracts
Samples: NorthStar Realty Europe Corp., NorthStar Realty Europe Corp., NorthStar Asset Management Group Inc.
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, Units the Book-Up Target of which is zero, zero into an equal number of fully paid and non-assessable Common Units, giving effect to all adjustments (if any) made pursuant to Section 1.7.
Appears in 3 contracts
Samples: Essex Portfolio Lp, Third Amended and Restated Agreement (Behringer Harvard Reit I Inc), Essex Portfolio Lp
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, the Book-Up Target of which is zero, Units into an equal number of fully paid and non-assessable Common Units, giving effect to all adjustments (if any) made pursuant to Section 1.74.
Appears in 2 contracts
Samples: Essex Property Trust Inc, Essex Portfolio Lp
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, Units the Book-Up Target of which is zero, zero into an equal number of fully paid and non-assessable Common Units, Units (after giving effect to all any adjustments (if any) made pursuant to Section 1.74.02(c)(viii) unless otherwise provided by the terms of a specific series of LTIP Units as approved by the General Partner.
Appears in 1 contract
Samples: CatchMark Timber Trust, Inc.
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, the Book-Up Target of which is zero, Units into an equal number of fully paid and non-assessable Common Partnership Units, giving effect to all adjustments (if any) made pursuant to Section 1.7.4. Notwithstanding the foregoing, in no event may an LTIP Unitholder convert a Vested LTIP Unit the Book−Up Target of which has not been reduced to zero. C.
Appears in 1 contract
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, Units the Book-Up Target of which is zero, zero into an equal number of fully paid and non-assessable Common Units, giving effect to all adjustments (if any) made pursuant to Section 1.75.
Appears in 1 contract
Samples: Partnership Agreement (Macerich Co)
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, the Book-Up Target of which is zero, into an equal number of fully paid and non-assessable Common Class A Units, giving effect to all adjustments (if any) made pursuant to Section 1.74 of this Exhibit E. “Capital Account Limitation” shall refer to the requirement that the Book-Up Target for a Vested LTIP Unit equal zero in order for such Vested LTIP Unit to be converted to a Class A Unit.”
Appears in 1 contract
Samples: Gramercy Property Trust
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, Units the Book-Up Target of which is zero, zero into an equal number of fully paid and non-assessable Common Units, Units (after giving effect to all any adjustments (if any) made pursuant to Section 1.71.8) unless otherwise provided by the terms of a specific series of LTIP Units as approved by the General Partner.
Appears in 1 contract
Number of Units Convertible. A holder of Vested LTIP Units may convert such Vested LTIP Units, Units the Book-Up Target of which is zero, zero into an equal number of fully paid and non-assessable Common Units, Units (after giving effect to all any adjustments (if any) made pursuant to Section 1.71.9).
Appears in 1 contract
Samples: Prologis, L.P.