LTIP Unit Forced Conversion has the meaning set forth in Section 1.9 of Exhibit C hereto.

LTIP Unit Forced Conversion shall have the meaning set forth in Section 1.7 of Schedule I hereto.

LTIP Unit Forced Conversion into Class A Units at any time so long as the applicable holder thereof receives in respect of each LTIP Unit so converted a number (or fraction thereof) of fully paid and non-assessable Class A Units equal to the greater of (x) the LTIP Conversion Factor for such LTIP Unit (giving effect to all adjustments (if any) made pursuant to Section 1.5 of this Schedule I) and (y) one (1).

Examples of LTIP Unit Forced Conversion in a sentence

LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its LTIP Unit Forced Conversion right.
For the avoidance of doubt, with respect to any Class A Units received by a LTIP Unit Limited Partner upon conversion of LTIP Units, including a LTIP Unit Forced Conversion, such LTIP Unit Limited Partner shall have the right to exchange such Class A Units in accordance with the Exchange Agreement.
For the avoidance of doubt, with respect to any Partnership Common Units received by a LTIP Unit Limited Partner upon conversion of LTIP Units, including a LTIP Unit Forced Conversion, the Partnership shall have the right to redeem such Partnership Common Units in accordance with Section 8.6 of the Partnership Agreement.
A Class AO LTIP Unit Forced Conversion Notice shall be provided in the manner provided in Section 15.1 of the Agreement.
In order to exercise its right to cause a Class AO LTIP Unit Forced Conversion, the Partnership shall deliver a notice (a “Class AO LTIP Unit Forced Conversion Notice”) in the form attached as Attachment B to this Exhibit J to the applicable holder not less than 10 nor more than 60 days prior to the Conversion Date specified in such Class AO LTIP Unit Forced Conversion Notice.

More Definitions of LTIP Unit Forced Conversion

LTIP Unit Forced Conversion has the meaning set forth in Section 7.D of Annex A.

LTIP Unit Forced Conversion has the meaning set forth in Section 7.D of Annex A to the Fourth Amendment to this Agreement.

LTIP Unit Forced Conversion has the meaning set forth in Section 7.D of Exhibit B to the Tenth Amendment to this Agreement.

LTIP Unit Forced Conversion and “LTIP Unit Forced Conversion Notice”.

LTIP Unit Forced Conversion has the meaning set forth in Section 1.10 of Exhibit D hereto.

LTIP Unit Forced Conversion into an equal number of Common Units, giving effect to all adjustments (if any) made pursuant to Section 1.7; provided, that the Partnership may not cause an LTIP Unit Forced Conversion of any LTIP Units that would not at the time be eligible for conversion at the option of the holder of such LTIP Units pursuant to Section 1.9. above (including taking into account the LTIP Unit Capital Account Limitation). In order to exercise its right to cause an LTIP Unit Forced Conversion, the Partnership shall deliver a notice (a “LTIP Unit Forced Conversion Notice”) in the form attached as Exhibit F to the Agreement to the applicable holder not less than 10 nor more than 60 days prior to the LTIP Unit Conversion Date specified in such LTIP Unit Forced Conversion Notice. A Forced LTIP Unit Conversion Notice shall be provided in the manner provided in Section 12.01 of the Agreement.

LTIP Unit Forced Conversion has the meaning set forth in Section 4.02(c)(x)(B).