OP Units. The Elected OP Unit Percentage of the Allocated Share of Entity Value for each SPE LLC Interest or portion thereof held by a Pre-Formation Participant who is an Accredited Investor shall be distributed in the form of a number of OP Units equal to the applicable portion of such Allocated Share divided by the IPO Price.
Appears in 12 contracts
Samples: Merger Agreement (Younan Properties Inc), Merger Agreement (Younan Properties Inc), Merger Agreement (Younan Properties Inc)
OP Units. The Elected OP Unit Percentage of the Allocated Share of Entity Value for each SPE LLC Equity Interest or portion thereof held by a Pre-Formation Participant who is an Accredited Investor shall be distributed in the form of a number of OP Units equal to the applicable portion of such Allocated Share divided by the IPO Price.
Appears in 4 contracts
Samples: Merger Agreement (American Assets Trust, Inc.), Merger Agreement (American Assets Trust, Inc.), Merger Agreement (American Assets Trust, Inc.)
OP Units. The Elected OP Unit Percentage of the Allocated Share of Entity Value for each SPE LLC Forward OP Merger Entity Interest or portion thereof held by a Pre-Formation Participant who is an Accredited Investor shall be distributed in the form of a number of OP Units equal to the applicable portion of such Allocated Share divided by the IPO Price.
Appears in 2 contracts
Samples: Merger Agreement (American Assets Trust, Inc.), Merger Agreement (American Assets Trust, Inc.)
OP Units. The Elected OP Unit Percentage of the Allocated Share of Entity Value for each SPE LLC YIP Interest or SAE Entity Member Interest, as applicable, or portion thereof held by a Pre-Formation Participant who is an Accredited Investor shall be distributed in the form of a number of OP Units equal to the applicable portion of such Allocated Share divided by the IPO Price.
Appears in 1 contract
