OP Management Fee definition

OP Management Fee shall have the meaning set forth in Section 10(a).

OP Management Fee shall have the meaning set forth in Section 4(a).

OP Management Fee shall have the meaning set forth in Section 8.01.

Examples of OP Management Fee in a sentence

• The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Class E units of the Operating Partnership.

• The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Class E Units or Class I Units.

• No OP Management Fee will be paid at any time with respect to Class E units of the Operating Partnership.

• The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Class I units of the Operating Partnership.

• The OP Management Fee may be paid, at the Adviser’s election, in either cash or cash equivalent aggregate NAV amounts of Class I Units or Class E Units.

• The OP Management Fee may be paid, at the Adviser's election, in cash or cash equivalent aggregate NAV amounts of Class E units of the Operating Partnership.

• No OP Management Fee will be paid at any time with respect to Class E units of the Operating Partnership (“Class E Units”).

• The OP Management Fee may be paid, at the Adviser’s election, in cash or in a number of Class I or Class E units of the Operating Partnership with an equal aggregate value, with each unit valued at its net asset value per unit as of the last day of the period for which such OP Management Fee was earned, or in any combination of cash and units valued on the same basis.

• The OP Management Fee and the OP Performance Fee may be paid, at the Adviser’s election, in cash or in a number of Class I or Class E units of the Operating Partnership with an equal aggregate value, with each unit valued at its net asset value per unit as of the last day of the period for which such OP Management Fee or OP Performance Fee was earned, or in any combination of cash and units valued on the same basis.

• The Trust Parties will pay the Adviser a management fee (the “DST Management Fee” and, together with the Trust Management Fee and the OP Management Fee, the “Management Fee”) equal to 1.25% per annum, payable monthly, of the aggregate DST Property Consideration for all DST Properties subject to a master lease.

More Definitions of OP Management Fee

OP Management Fee shall have the meaning set forth in Section 10(a). “Operating Partnership” shall have the meaning set forth in the preamble of this Agreement. “Operating Partnership Agreement” shall mean the Limited Partnership Agreement of the Operating Partnership, as amended from time to time. “Organization and Offering Expenses” shall have the meaning set forth in the Charter. “Other Blackstone Accounts” shall mean investment funds, REITs, vehicles, accounts, products and/or other similar arrangements sponsored, advised and/or managed by Blackstone, whether currently in existence or subsequently established (in each case, including any related successor funds, alternative vehicles, supplemental capital vehicles, surge funds, over-flow funds, co- investment vehicles and other entities formed in connection with Blackstone side-by-side or additional general partner investments with respect thereto). “Person” shall mean an individual, corporation, business trust, estate, trust, partnership, joint venture, limited liability company or other legal entity. “Prospectus” shall have the meaning set forth in the Charter. “Real Estate-Related Securities” shall have the meaning set forth in the Charter. “Real Estate-Related Assets” shall mean any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities. “Real Property” shall have the meaning set forth in the Charter. “REIT” shall have the meaning set forth in the Charter.