DevCo OP Units means the partnership common units in DevCo OP.
Examples of DevCo OP Units in a sentence
All such DevCo OP Units to be so distributed shall be distributed by way of direct registration in book-entry form.
All such DevCo OP Units to be so distributed shall be distributed by way of direct registration in book-entry form.
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.
OP Units means units of limited partnership interest in the Operating Partnership.
Co-op Shares Shares issued by private non-profit housing corporations.
General Partner Units has the meaning assigned to such term in the Partnership Agreement.
Partnership Units or “Units” has the meaning provided in the Partnership Agreement.
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.
Common Units is defined in the Partnership Agreement.
Initial Common Units means the Common Units sold in the Initial Offering.
Class B Units means the Class B Units of the Company.
GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.
Company Units has the meaning set forth in the Recitals.
Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.
General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.
LLC Units has the meaning set forth in the LLC Agreement.
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.
General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.
Class B Common Units has the meaning set forth in Section 1(a) hereof.
Co-op A private, cooperative housing corporation, having only one class of stock outstanding, which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes the sale of stock and the issuance of a Co-op Lease.
Class A LP Units means the Class A limited partnership units of the Partnership.
Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.
REIT Shares means shares of common stock, $0.01 par value per share, of the Company.
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.
Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.
OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.
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 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 each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.