OPERATING PARTNERSHIP UNIT definition
OPERATING PARTNERSHIP UNIT means a fractional, undivided share of the Operating Partnership Interests of all Partners issued hereunder. The allocation of Operating Partnership Units among the Partners shall be as set forth on Exhibit A, as such Exhibit may be amended from time to time.
OPERATING PARTNERSHIP UNIT shall have the meaning assigned to the term “Partnership Unit” or “Unit” in the Operating Partnership Agreement.
OPERATING PARTNERSHIP UNIT means a “Partnership Unit,” as defined in the Operating Partnership Agreement. For the avoidance of doubt, the term “Operating Partnership Unit” shall not include any Series C Preferred Units for purposes of this Agreement.
More Definitions of OPERATING PARTNERSHIP UNIT
OPERATING PARTNERSHIP UNIT means an award (representing a fractional, undivided ownership interest in Curbline Properties LP (together with any successor entity, the “Operating Partnership”), a Delaware limited partnership, an entity through which the Company conducts its business and that has elected to be treated as a partnership for federal income tax purposes, of one or more classes established pursuant to the Operating Partnership’s agreement of limited partnership, as amended or amended and restated from time to time (the “Partnership Agreement”), and having the rights, powers, privileges, restrictions, qualifications and limitations as provided for under the Partnership Agreement) granted pursuant to Section 9 of this Plan.