BPY Units definition

BPY Units means the limited partnership units (other than the general partner units and the preferred partnership units) in the capital of BPY, including the Restricted BPY Units;
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BPY Units means limited partnership units of BPY.
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BPY Units means the non-voting limited partnership units of Brookfield Property Partners;
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Examples of BPY Units in a sentence

  • Exchange of Equity Investment Tracking Stock for BPY Units At any time after the issuance of the Equity Investment Tracking Stock holders of the Equity Investment Tracking Stock will have the right to exchange all or a portion of their Equity Investment Tracking Stock for cash at a price equal to the value of an equivalent number of BPY Units.

  • The record and payment dates for dividends or other distributions on shares of the Equity Investment Tracking Stock will be the same as the record and payment dates for the dividends or other distributions on the BPY Units.

  • The amended BPY Plan allows for the settlement of the in-the-money amount of an option upon exercise in BPY Units for certain qualifying employees whose location of employment is outside of Australia and Canada.

  • Notwithstanding the foregoing, upon any market capitalization liquidation event, BPI may elect to exchange all the outstanding shares of the Equity Investment Tracking Stock for BPY Units on a one-for-one basis.

  • The following are some of the risks associated with an investment in the Equity Investment Tracking Stock: • Although the Equity Investment Tracking Stock is intended to provide an economic return that is equivalent to BPY units there can be no insurance that the market price of Equity Investment Tracking Stock will be equal to the market price of the BPY Units at any time.

  • Notwithstanding the foregoing, if it appears to the Offerors that it would be contrary to applicable law to issue BPY Units pursuant to the Arrangement to a Shareholder that is not a resident of Canada, the BPY Units that otherwise would be issued to that person will be issued to the Depositary for sale by the Depositary on behalf of that person.

  • Shareholders who tender in the Offer but do not make an election between BPY Units and cash will be deemed to have elected to receive BPY Units.Canadian Shareholders can elect to receive, in lieu of BPY Units, Exchange LP Units.

  • For greater certainty, where a Shareholder who has elected (or is deemed to have elected) to receive Unit Consideration as consideration for their BPO Common Shares receives BPY Units or Exchange LP Units, as applicable, and cash because of pro-ration, the Shareholder will be deemed to have received a proportionate amount of cash and BPY Units or Exchange LP Units, as applicable, as consideration for each whole BPO Common Share acquired.

  • The Cash Amount, for purposes of this subsection C(3)(h) only, shall (A) in the event the consideration received in the BPY Specified Event is only cash, be calculated using the cash consideration per BPY Unit in the BPY Specified Event or (B) in all other cases, be calculated using the average of the BPY Unit Value of the BPY Units Amount for the five consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the effective date of the BPY Specified Event.

  • The proposed purchase price of $18.17 per BPY Unit represents a 25.6% premium to the unaffected closing price per BPY Unit on Nasdaq on December 31, 2020, a 10.1% premium to the price per BPY Unit offered in Brookfield’s initial proposal and a 6% premium to the volume-weighted average trading price for the BPY Units on Nasdaq since the announcement made on January 4, 2021.


More Definitions of BPY Units

BPY Units means non-voting limited partnership units of Brookfield Property Partners L.P.
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BPY Units means the non-voting limited partnership units of BPY, and any other securities into which such units may be changed or for which such units may be exchanged (whether or not BPY will be the issuer of such securities) or any other consideration which may be received by the holders of such units pursuant to a recapitalization, reconstruction, reorganization or reclassification of, or merger, liquidation or similar transaction affecting, such units.
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BPY Units has the meaning given to such term in the recitals to this Agreement.
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Related to BPY Units

  • Company Units has the meaning set forth in the Recitals.

  • Common Units is defined in the Partnership Agreement.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Units means the Class B Units of the Company.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Trust Units means units of the Trust;

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Membership Units means membership interests in the Company.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Unvested Units means any Executive Units which are not Vested Units.