Class A OP Units definition

Class A OP Units shall have the meaning set forth in Section 6.1(c).

Class A OP Units means Class A units of limited partnership of our operating partnership, as described under "Description of the Partnership Agreement of Our Operating Partnership;"

Class A OP Units. As defined in the preamble.

Examples of Class A OP Units in a sentence

• The number of Class A OP Units to which the Key Persons (or their respective designees) would be entitled pursuant to this Section 6.1(c) will be equal to (i) the Retirement Fee divided by (ii) the Value of a REIT Common Share as of the Retirement Trigger Date (rounded up to the next whole number of Class A OP Units in the event that the calculation of Class A OP Units equivalent to the Retirement Fee yields any fractional amount of Class A OP Units).

• The transferability of Class A OP Units is also limited by the Partnership Agreement.

• Unless otherwise expressly provided in this Agreement or in a separate agreement entered into between the Partnership and the holders of such OP Units, all OP Units, including Class A OP Units and Class T OP Units, shall be entitled to a right of Redemption hereunder.

• Unless otherwise expressly provided in this Agreement or in a separate agreement entered into between the Partnership and the holders of such OP Units, all OP Units, including Class A OP Units and Class C OP Units, shall be entitled to a right of Redemption hereunder.

• Class A OP Units are any OP Units other than Class B OP Units, while Class B OP Units are those issued to or held by MAALP’s general partner or any of its subsidiaries.

More Definitions of Class A OP Units

Class A OP Units. Class A units of limited partnership interests in the Operating Partnership.

Class A OP Units shall have the meaning set forth in the Recitals hereof.

Class A OP Units means the Class A common units of limited partner interest in the Partnership.

Class A OP Units means Class A common units of limited partner interest in the Operating Partnership (including the number of Class A OP Units issuable upon the exchange of all DownREIT Class X Units (as defined in the Partnership Agreement)).

Class A OP Units means the Class A common units of limited partner interest in the Partnership. "Class B OP Units" has the meaning set forth in the Prior Limited Partnership Agreement.

Class A OP Units cash or a combination thereof, the PMB Member will transfer, contribute and convey its entire membership interest in the Partnership to the OP (or at the direction of the OP, to a wholly-owned subsidiary thereof), and (ii) in exchange for “Class B Partnership Units” (as defined in the OP Agreement) (“Class B OP Units”), the NHP Member will transfer, contribute and convey its entire membership interest in the Partnership to the OP (or at the direction of the OP, to a wholly-owned subsidiary thereof).

Class A OP Units and together with the Class A-1 OP Units, the “OP Units”);