Common use of Number of Units Convertible Clause in Contracts

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

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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

Samples: Vesting Agreement (JBG SMITH Properties)

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)

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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

Samples: Agreement (Duke Realty Limited Partnership/)

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.

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