Common Partnership Unit Distribution definition

Common Partnership Unit Distribution has the meaning set forth in Section 4.04(a)(ii) hereof.
Sample 1Sample 2Sample 3
Common Partnership Unit Distribution has the meaning set forth in Section 4.04(a)(ii) hereof. “Common Percentage Interest” means the percentage determined by dividing the number of Common Units of a Partner by the aggregate number of Common Units of all Partners, treating Time-Based LTIP Units, in accordance with Section 4.04(a), and Performance LTIP Units, in accordance with and to the extent provided in Section 4.06(b), as Common Units as and to the extent determined by the General Partner. “Common Redemption Amount” means either the Cash Amount or the REIT Xxxxxx Xxxxxx, as selected by the General Partner pursuant to Section 8.04(b) hereof. “Common Unit” means a Partnership Unit which is designated as a Common Unit of the Partnership. “Common Unit Economic Balance” has the meaning set forth in Section 5.01(g)(iii) hereof. “Common Unit Redemption Right” has the meaning set forth in Section 8.04(a) hereof. “Common Unit Transaction” has the meaning set forth in Section 4.05(f) hereof. “Constituent Person” has the meaning set forth in Section 4.05(f) hereof. “Covered Limited Partner” has the meaning set forth in Section 8.05(a) hereof. “Conversion Date” has the meaning set forth in Section 4.05(b) hereof. “Conversion Factor” means a factor of 1.0, as such factor may be adjusted as provided in this definition and in Section 6.08. The Conversion Factor will be adjusted in the event that the General Partner (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares. In each of such events, the Conversion Factor shall be adjusted by multiplying the Conversion Factor by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date for such dividend, distribution, subdivision or combination (assuming for such purposes that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on such
Sample 1

Examples of Common Partnership Unit Distribution in a sentence

  • In accordance with Section 4.01(b)(i), the holders of Special Units shall be entitled to receive distributions in an amount per Special Unit equal to the Common Partnership Unit Distribution.

  • In accordance with the terms of Exhibit E, and subject to the limitations therein, the LTIP Unitholders shall be entitled to receive distributions in an amount per LTIP Unit equal to the Common Partnership Unit Distribution (as defined in Exhibit E).

Related to Common Partnership Unit Distribution

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

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

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

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

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

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