LTIP Conversion Date definition

LTIP Conversion Date shall have the meaning set forth in Section 14.02(a).

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LTIP Conversion Date has the meaning set forth in Section 16.02(b).

LTIP Conversion Date has the meaning set forth in Section 13.02(b). “LTIP Conversion Notice” has the meaning set forth in Section 13.02(b) hereof. “LTIP Conversion Right” has the meaning set forth in Section 13.02(a) hereof. “LTIP Economic Capital Account Balances” mean the Capital Account balances of the LTIP Units holders to the extent attributable to their ownership of LTIP Units reduced by any forfeiture allocations in accordance with Sections 13.01(c)(ii) and 13.01(e)(iv) due to the forfeiture of any LTIP Units. “LTIP Unit” means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 5.01(c)(iv) and Article XVI hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as the same may be amended from time to time. “LTIP Unit Distribution Participation Date” means the date as of which an LTIP Unit is earned pursuant to the terms of an OPP Agreement. “LTIP Unitholder” means a Partner that holds LTIP Units. “Majority in Interest” means the Limited Partners holding more than fifty percent (50%) of the Percentage Interests of the Limited Partners.

Examples of LTIP Conversion Date in a sentence

The conversion of Vested LTIP Units shall occur automatically after the close of business on the applicable LTIP Conversion Date without any action on the part of such holder of Vested LTIP Units, as of which time such holder of Vested LTIP Units shall be credited on the books and records of the Company with the issuance as of the opening of business on the next day of the number of Class C Units issuable upon such conversion.
Notwithstanding anything herein to the contrary, a holder of LTIP Units may deliver a Notice of Redemption pursuant to Section 8.04(a) hereof relating to those OP Units that will be issued to such holder upon conversion of such LTIP Units into OP Units in advance of the LTIP Conversion Date; provided, however, that the redemption of such OP Units by the Partnership shall in no event take place until after the LTIP Conversion Date.
In order to exercise its right of Forced Conversion, the Partnership shall deliver a notice (a “Forced Conversion Notice”) in the form attached as Exhibit D to the applicable LTIP Unitholder not less than ten nor more than 60 days prior to the LTIP Conversion Date specified in such Forced Conversion Notice.
In order to exercise its right of Forced Conversion, the Partnership shall deliver a notice (a “Forced Conversion Notice”) in the form attached as Exhibit E to the applicable LTIP Unitholder not less than ten nor more than 60 days prior to the LTIP Conversion Date specified in such Forced Conversion Notice.
Notwithstanding anything herein to the contrary, a holder of LTIP Units may deliver a Notice of Redemption pursuant to Section 8.04(a) hereof relating to those Class A Units that will be issued to such holder upon conversion of such LTIP Units into Class A Units in advance of the LTIP Conversion Date; provided, however, that the redemption of such Class A Units by the Partnership shall in no event take place until after the LTIP Conversion Date.