OP Unit Value definition

OP Unit Value means, as of any given time, the number of OP Units into which a Preference Unit is convertible (whether or not the conversion can then be effected), or the value of the Preference Unit expressed in OP Units if the Preference Unit is not convertible into OP Units, as provided for in the applicable Preference Unit Term Sheet.
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OP Unit Value means with respect to an OP Unit the market price of a share of Company Common Stock at the close of market on such date.
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OP Unit Value means $65,000,000.
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Examples of OP Unit Value in a sentence

  • If multiple Termination Events are triggered in connection with a series of related events, the Special OP Unitholder, in its sole discretion, may determine which Valuation Mechanism should be used to value the Partnership Units and determine the Special OP Unit Value.

  • If the Special OP Unitholder elects to immediately redeem its Partnership Units, then the Special OP Unitholder shall receive, at its option, upon redemption of such Partnership Units, cash (or in the case of a Termination Event described in Section 8.5(a)(iii) hereof, a promissory note) or Trust Units with an aggregate value equal to the Special OP Unit Value as determined under subsection (i) of this Section 8.5(b).

  • If the Special OP Unitholder elects to immediately redeem its Class A Units, then the Special OP Unitholder shall receive, at its option, upon redemption of such Partnership Units, cash (or in the case of a Termination Event described in Section 8.5(a)(iv) hereof, a non-interest bearing promissory note) or Class A REIT Shares with an aggregate value equal to the Special OP Unit Value as determined under subsection (i) of this Section 8.5(b).

  • If multiple Termination Events are triggered in connection with a series of related events, the Special OP Unitholder, in its sole discretion, may determine which Valuation Mechanism should be used to value the Class A Units and determine the Special OP Unit Value.

  • For purposes of computing the OP Unit Value of Series G Units (and therefore the Percentage Interest of holders of Series G Units), the entire issue of Series G Units shall be deemed to be convertible into a single OP Unit, and each Series G Unit shall be deemed to be convertible into a pro rata portion of such single OP Unit.

  • For the avoidance of doubt, the Special OP Unit Value shall be based on the incremental value of the assets of the Partnership in excess of the highest value of the assets of the Partnership utilized in any preceding Crystallization Events or Terminal Event.

  • If multiple Terminal Events are triggered in connection with a series of related events, the General Partner, in its sole discretion, may determine which Valuation Mechanism should be used to value the OP Units and determine the Special OP Unit Value.

  • This type of use should not fall under a quotation exception.Free TV notes that it opposes an approach such as was taken in the UK, of reframing the existing exception for criticism and review to incorporate quotation.


More Definitions of OP Unit Value

OP Unit Value equals $85.00.
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OP Unit Value means, as of any given time, the number of OP Units into which a Preference Unit or Restricted Unit is convertible (whether or not the conversion can then be effected), or the value of the Preference Unit expressed in OP Units if the Preference Unit is not convertible into OP Units, as provided for in the applicable Preference Unit Term Sheet or Other Securities Term Sheet. Nevertheless, the Restricted Unit Designation establishing any particular class or series of Restricted Units may prescribe an OP Unit Value that differs from the number of OP Units into which the subject Restricted Units may be converted for one or more specific purposes of this Agreement, including, without limitation, the OP Unit Value to be used in determining the amount of distributions of Operating Cash Flow and/or Capital Cash Flow payable in respect of such Restricted Units pursuant to Sections 8.1 and 8.2 of this Agreement.
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OP Unit Value means the value per OP Unit equal to the average closing price as reported on the American Stock Exchange (or in the event AREIC is not listed on the American Stock Exchange, on such other national securities exchange which AREIC's common stock is listed) for a share of AREIC common stock during the thirty (30) day period immediately preceding the date which is three (3) business days prior to the Closing Date.
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OP Unit Value shall have the meaning set forth in Section 4(d).
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OP Unit Value means the NYSE closing stock price of the Common Shares on the Trading Day immediately preceding the Determination Date.
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Related to OP Unit Value

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • REIT Share means a share of common stock, par value $0.01 per share, of the General Partner.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Adjusted Value as used in subdivision (d) means:

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Shares Amount means a number of Shares equal to the product of the number of Partnership Units offered for redemption by a Redeeming Partner times the Conversion Factor; provided, however, that, if the Parent issues to holders of Shares securities, rights, options, warrants or convertible or exchangeable securities entitling such holders to subscribe for or purchase Shares or any other securities or property (collectively, the “rights”), then the Shares Amount shall also include such rights that a holder of that number of Shares would be entitled to receive unless the Partnership issues corresponding rights to holders of Partnership Units.

  • Common Stock Price means, as of a particular date, the average of the Fair Market Value of one share of Common Stock over the fifteen (15) consecutive trading days ending on, and including, such date (or, if such date is not a trading day, the most recent trading day immediately preceding such date); provided, however, that if such date is the date upon which a Transactional Change of Control occurs, the Common Stock Price as of such date shall be equal to the fair value, as determined by the Committee, of the total consideration paid or payable in the transaction resulting in the Transactional Change of Control for one share of Common Stock.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Share Valuefinal means the Preference Share Value on the Valuation Date; and "Share Valueinitial" means the Preference Share Value on the Initial Valuation Date.

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • Per Share Value means the average value of the consideration to be received in respect of each outstanding Common Share pursuant to the Qualifying Transaction as determined by mutual agreement of the Independent Directors (as defined in Section 2(b)(i) below) and the holders of a majority in interest of all outstanding warrants to purchase Common Shares containing this provision, or, if they shall fail to agree, by an Investment Bank.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Ending Value means the average of the values of the Basket at the close of the market on five business days shortly before the maturity date of the Notes. We may calculate the Ending Value by reference to fewer than five or even a single day's closing value if, during the period shortly before the maturity date of the Notes, there is a disruption in the trading of a sufficient number of stocks included in any Basket Index or certain futures or options contracts relating to a Basket Index.