Operating Partnership Units shall have the meaning assigned thereto in Section 2.2 of this Agreement.

Operating Partnership Units is defined in the recitals to this Agreement.

Examples of Operating Partnership Units in a sentence

An exchange rights agreement on customary terms shall have been entered into by the parties hereto, which shall permit exchange of the Operating Partnership Units for American Spectrum Common Shares subject to customary limitations on and after the first anniversary of the Closing, shall have been executed and delivered.
The Share Consideration and the Operating Partnership Units will, when issued, be duly authorized, validly issued, fully paid and nonassessable, and no stockholder or partner of American Spectrum will have any preemptive right or similar rights of subscription or purchase in respect thereof.
No certificates representing fractional American Spectrum Common Shares or fractional Operating Partnership Units shall be issued.
American Spectrum shall designate an exchange agent (the "Exchange Agent") to act as such in connection with the issuance of certificates representing the American Spectrum Common Shares and Operating Partnership Units pursuant to this Agreement.
Within 30 days after receipt of a request for registration, whatever the amount of the Redemption Shares requested to be registered, the General Partner shall give written notice of such request to all other Limited Partners holding Operating Partnership Units; provided however, that the General Partner shall be obligated to give such notice no more than one time in any six-month period.

More Definitions of Operating Partnership Units

Operating Partnership Units means the interest held by the Saul Organization in the Saul Holdings Limited Partnership.

Operating Partnership Units means limited partnership interests in Uniti Group LP, a Delaware limited partnership controlled by Uniti as its general partner, which are exchangeable for shares of Uniti Common Stock or, at Uniti’s election, cash of equivalent value.

Operating Partnership Units means the Operating Partnership Common Units and the Operating Partnership Preferred Units.

Operating Partnership Units. Buyer shall have received Schedule 3.3(b), as updated to the Closing Date. The adjustments to Schedule 3.3(b) shall pertain only to clauses (i) to (v) of the first sentence of Section 3.3(b), and to the extent that any adjustments are made as to matters contemplated by the penultimate sentence of Section 3.3(b), Schedule 3.3(b) as to be delivered at the Closing Date, if to satisfy this Section 7.1(u), shall be determined by Buyer in its sole and absolute discretion to be satisfactory in scope and content to Buyer in all respects.