OP Units definition

OP Units means units of limited partnership interest in the Operating Partnership.

OP Units means common units of partnership interest in the Operating Partnership.

OP Units shall have the meaning set forth in the Recitals hereof.

Examples of OP Units in a sentence

• Except as set forth in the Registration Statement and the Prospectus, there are no outstanding options, warrants or other rights to purchase, agreements or other obligations to issue, or rights to convert any obligations into or exchange any securities or interests for shares of the Company’s or its subsidiaries’ capital stock, including OP Units or other ownership interests of the Operating Partnership.

• Except for grants pursuant to equity incentive plans disclosed in the Registration Statement and the Prospectus, the Company has not granted to any person or entity, a compensatory stock option or other compensatory equity-based award to purchase or receive common stock of the Company or OP Units of the Operating Partnership pursuant to an equity-based compensation plan or otherwise.

• The Tendering Partner shall have no right, with respect to any OP Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date.

• The conversion of all or a portion of the Special Limited Partner Interest shall occur automatically after the close of business on the applicable date of conversion, as of which time the Special Limited Partner shall be credited on the books and records of the Partnership with the issuance as of the opening of business on the next day of the number of OP Units issuable upon such conversion.

• None of the OP Units will be issued in violation of the preemptive or other similar rights of any securityholder of the Operating Partnership.

More Definitions of OP Units

OP Units has the meaning set forth in the recitals.

OP Units means Partnership Units (as such term may be defined in the OP Partnership Agreement from time to time) representing partner interests in the Operating Partnership.

OP Units means units of limited partnership interest of the Operating Partnership.

OP Units means units of limited partnership interest of the Partnership owned by the Protected Partners, as described in the Partnership Agreement, and any other partnership interest into which such OP Units may be converted.

OP Units shall have the meaning set forth in the Preamble.

OP Units has the meaning set forth in the Partnership Agreement.

OP Units means the units of limited partnership interest in Xxxxxxxxx Xxxxxx Properties Operating Partnership, L.P., a California limited partnership.