Partnership Common Unit definition

Partnership Common Unit means a fractional, undivided share of the Partnership Interests of all Partners issued pursuant to Sections 4.1 and 4.2 hereof, but does not include any Partnership Preferred Unit, LTIP Unit or any other Partnership Unit specified in a Partnership Unit Designation as being other than a Partnership Common Unit.

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Partnership Common Unit means a fractional share of the Partnership Interests of all Partners issued pursuant to Sections 4.1 and 4.2 hereof, but does not include any Partnership Preferred Unit or any other Partnership Unit specified in a Partnership Unit Designation as being other than a Partnership Common Unit; provided, however, that the General Partner Interest and the Limited Partner Interests shall have the differences in rights and privileges as specified in this Agreement. The ownership of Partnership Common Units may (but need not, in the sole and absolute discretion of the General Partner) be evidenced by the form of certificate for Partnership Common Units attached hereto as Exhibit E.

Partnership Common Unit means a Partnership Class A Common Unit or Partnership Class B Common Unit.

Examples of Partnership Common Unit in a sentence

Except as otherwise provided in this Agreement, Exhibit C and any applicable LTIP Agreement, prior to its conversion, each LTIP Unit shall be treated as a Partnership Common Unit, with all of the rights, privileges and obligations attendant thereto.
For purposes of Article 15 of the Agreement, a Partnership Common Unit issued upon conversion of an LTIP Unit shall be deemed to have been issued when the LTIP Unit originally was issued.
Any Partnership Unit that is not specifically designated by the General Partner as being of a particular class shall be deemed to be a Partnership Common Unit.
Each LTIP Unit shall convey the same consent or other voting rights as a Partnership Common Unit.
Except to the extent specifically set forth in any Partnership Unit Designation, a Partnership Interest of any class or series other than a Partnership Common Unit shall not entitle the holder thereof to vote on, or consent to, any matter.

More Definitions of Partnership Common Unit

Partnership Common Unit means a Partnership Common Unit held by a Non-Aimco Holder.

Partnership Common Unit has the meaning set forth in the Amended and Restated Agreement of Limited Partnership of the Operating Partnership as may be amended or restated from time to time.

Partnership Common Unit means a fractional share of the Partnership Interests of all Partners issued pursuant to Sections 4.1 and 4.2 hereof, but does not include any Partnership Preferred Unit or any other Partnership Unit specified in a Partnership Unit Designation or this Agreement as being other than a Partnership Common Unit; provided, however, that the General Partner Interest and the Limited Partner Interests shall have the differences in rights and privileges as specified in this Agreement. The ownership of Partnership Common Units may (but need not, in the sole and absolute discretion of the General Partner) be evidenced by the form of certificate for Partnership Common Units attached hereto as Exhibit D.

Partnership Common Unit means a Partnership Unit of the class entitling the holders thereof to the rights of Partnership Common Units as provided in this Agreement.

Partnership Common Unit means a “Common Unit,” as defined in the TEP Partnership Agreement.

Partnership Common Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Article IV hereof that has the rights and obligations specified with respect to Partnership Common Units in this Agreement, but does not include any ▇▇▇▇▇▇▇ Preferred Unit or any other ▇▇▇▇▇▇▇ Preferred Units specified in a Partnership Unit Designation as being other than a Partnership Common Unit; provided, however, that the General Partner Interest and the Limited Partner Interests shall have the differences in rights and privileges as specified in this Agreement.

Partnership Common Unit means a Partnership Class A Common Unit or Partnership Class B Common Unit. “Partnership Counsel” has the meaning set forth in Section 15.1.