OP Unit Agreement Sample Clauses

OP Unit Agreement. In the event the OP Unit Agreement has not been executed and delivered by GLB, and any of its affiliates, including the Transferors which are necessary parties thereto, and Galesi on or before the date which is 3 weeks after the Effective Date, then Transferors shall have the right to terminate this Agreement pursuant to Section 13(a) upon seven (7) days written notice to Buyer of such election to terminate. If GLB, and any of its affiliates, including the Transferors which are necessary parties thereto, and Galesi do execute and deliver the OP Unit Agreement within the 3 week period after the Effective Date, then Buyer shall have the right to terminate this Agreement pursuant to Section 13(a) at any time during the fourteen (14) days following notice to Buyer of such execution any delivery (which notice shall contain a true, correct and complete copy of the OP Unit Agreement and each other agreement between any of the parties thereto or hereto relating to the OP Unit Agreement or any of the Properties) upon seven (7) days written notice to Transferor, if the terms of the OP Unit Agreement are not acceptable to Buyer in its sole discretion.
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OP Unit Agreement. An agreement between one or more of the Transferors, Buyer and various affiliates/partners/members of the Galesi Group ("Galesi") whereby Galesi shall recontribute all of its currently outstanding OP units in Glenborough Properties, L.P. in exchange for the distribution, directly or indirectly, of a portion of the Property hereunder, or a security representing an ownership interest therein, in which event a portion of the Consideration payable hereunder shall consist of such recontributed OP units at a price of $18.50 per unit.
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Related to OP Unit Agreement

  • Restricted Stock Agreement Each Award of Restricted Stock shall be evidenced by an Award Agreement that shall specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. Unless the Committee determines otherwise, Shares of Restricted Stock shall be held by the Company as escrow agent until the restrictions on such Shares have lapsed.

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • Exchange Agreement As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Xxxxxx agrees that, at any time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and the Underwriter enter into an agreement (“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

  • Partnership Agreement Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Persons Having Rights Under Warrant Agreement Nothing in this Agreement shall give to any person other than the Company, the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

  • Shareholder Agreement The Shareholder Agreement shall have been duly executed and delivered by the Company.

  • Warrant Agreement and Registration Rights Agreement The Company shall have entered into the Warrant Agreement and the Registration Rights Agreement, each on terms satisfactory to the Purchaser.

  • The Warrant Agreement The Warrant Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

  • Ltip Units (a) The General Partner may from time to time issue LTIP Units to Persons who provide services to the Partnership, for such consideration as the General Partner may determine to be appropriate, and admit such Persons as Limited Partners. Subject to the following provisions of this Section and the special provisions of Sections 4.5, 5.1(e), and 8.6, LTIP Units shall be treated as Limited Partnership Units, with all of the rights, privileges and obligations attendant thereto. For purposes of computing the Partners’ Percentage Interests, LTIP Units shall be treated as Common Units. (b) The Partnership shall maintain at all times a one-to-one correspondence between LTIP Units and Limited Partnership Units for conversion, distribution and other purposes, including without limitation complying with the following procedures: If an Adjustment Event (as defined below) occurs, then the General Partner shall make a corresponding adjustment to the LTIP Units to maintain a one-for-one conversion and economic equivalence ratio between Limited Partnership Units and LTIP Units. The following shall be “Adjustment Events:”

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