LTIP Unit Distribution Participation Date definition

LTIP Unit Distribution Participation Date means, for any LTIP Unit, the date of issuance or such other date as may be specified in the Vesting Agreement or other documentation pursuant to which such LTIP Unit is issued.

LTIP Unit Distribution Participation Date has the meaning set forth in Section 16.4.C hereof.

LTIP Unit Distribution Participation Date means the date as of which an LTIP Unit is earned pursuant to Sections 3(b), 3(c) and 3(d) of the OPP.

Examples of LTIP Unit Distribution Participation Date in a sentence

• Distributions on the LTIP Units, if authorized, shall be payable on such dates and in such manner as may be authorized by the General Partner (any such date, an “LTIP Unit Distribution Participation Date”); provided that the LTIP Unit Distribution Participation Date shall be the same as the corresponding date relating to the corresponding distribution on the Partnership Common Units.

• Until the LTIP Unit Distribution Participation Date for an LTIP Unit has occurred, each LTIP Unit shall be treated as a fraction of one outstanding OP Unit equal to one OP Unit multiplied by the LTIP Unit Initial Regular Sharing Percentage or the LTIP Unit Initial Special Sharing Percentage with respect to such LTIP Unit, as applicable.

• For purposes of determining allocations of Profits and Losses pursuant to Section 7.1, to the extent that the LTIP Unit Distribution Participation Date with respect to a LTIP Unit has occurred, such LTIP Unit shall be treated as an OP Unit.

• The 2011 Award LTIP Unit Distribution Participation Date (as defined in the designation of rights and preferences of such Award LTIP Units, attached hereto as Exhibit A) with respect to Award LTIP Units in an aggregate number equal to the Total OPP Unit Equivalent will be the Valuation Date.

• LTIP Units for which the LTIP Unit Distribution Participation Date has not occurred as of the Partnership Record Date for a particular distribution shall not be entitled to any of such distribution.

More Definitions of LTIP Unit Distribution Participation Date

LTIP Unit Distribution Participation Date means (i) in respect of each LTIP Unit awarded under the 2018 Advisor OPP Agreement or the 2021 Advisor OPP Agreement, the date following the date as of which an Unvested LTIP Unit is earned and vested pursuant to conditions set forth in the applicable agreement, or (ii) in respect of each other LTIP Unit awarded, the day following the last day of the performance period for which the number of LTIP Units earned pursuant to the terms of any OPP Agreement will be determined based on the achievement of goals during such performance period, or, if no such date is specified or applicable, the date on which that LTIP Unit is issued.”

LTIP Unit Distribution Participation Date has the meaning set forth in Section 3.B of Annex C to the Eighth Amendment to this Agreement.

LTIP Unit Distribution Participation Date means (i) in respect of each LTIP Unit awarded under the 2020 Advisor OPP Agreement, the date following the date as of which an Unvested LTIP Unit is earned and vested pursuant to conditions set forth thereunder, or (ii) in respect of each other LTIP Unit awarded, the day following the last day of the performance period for which the number of LTIP Units earned pursuant to the terms of any OPP Agreement will be determined based on the achievement of goals during such performance period, or, if no such date is specified or applicable, the date on which that LTIP Unit is issued.

LTIP Unit Distribution Participation Date for each LTIP Unit will be with respect to LTIP Units granted pursuant to the 2013 Stock Plan or any successor incentive plan thereto and any stock plan, award, plan or other agreement, including without limitation, the Class A 2016 LTIP Units Award annexed hereto as Exhibit A and the Class B 2016 LTIP Units Award annexed hereto as Exhibit B, pursuant to which an LTIP Unit was issued (each, “Stock Plan”), such date as may be specified in the Vesting Agreement or other documentation pursuant to which such LTIP Units are issued.

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.

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.

LTIP Unit Distribution Participation Date for each LTIP Unit will be with respect to LTIP Units granted pursuant to the Acadia Realty Trust 2006 Long-Term Incentive Plan (the “2006 LTIP Plan”), or with respect to other LTIP Units, such date as may be specified in the Vesting Agreement or other documentation pursuant to which such LTIP Units are issued.