Preferred OP Units definition

Preferred OP Units means limited partnership interests in the Company or any successor operating partnership that require the issuer thereof to pay regularly scheduled fixed distributions thereon, which are not related to dividends on the Parent's common stock, and which by their terms may be converted into, or exercised or redeemed for, cash or the Parent's common stock.

Preferred OP Units means the class of convertible preferred OP Units as defined in the Borrower's Partnership Agreement.

Preferred OP Units means those limited partnership interests

Examples of Preferred OP Units in a sentence

• Represents 188 Series A and 126,593 Series C Preferred OP Units convertible into 25,067 and 439,556 Common OP Units, respectively, multiplied by the Common Share price at quarter end.

• The Preferred OP Units are convertible for common units of Columbia OP, which are exchangeable into shares of Columbia Property Trust's common stock, subject to certain terms and conditions.

• The Preferred OP Units are convertible into common units of Columbia OP, which are exchangeable for shares of Columbia Property Trust's common stock on a one-for-one basis, subject to certain terms and conditions.

• Finally, persistence and width of the w estimates from the LLM and TAR are due to their inherent static variance estimates.11 US Dollar-Sterling CrossResults show that w estimates for the GBP-USD cross obtained from the LLM and TAR are notably wide.

• The fair value of the Preferred OP Units was determined using a lattice valuation model, utilizing significant unobservable inputs (Level 3 under the fair value hierarchy described in Note 2, Summary of Significant Accounting Policies).

More Definitions of Preferred OP Units

Preferred OP Units means limited partnership interests in CapStar Management Company, L.P., CapStar Management Company II, L.P. or any successor operating partnership that require the issuer thereof to pay regularly scheduled fixed distributions thereon, which are not related to dividends on the Company's common stock, and which by their terms may be converted into, or exercised or redeemed for, cash or the Company's common stock.

Preferred OP Units are a class of OP Units and consist of any OP Units issued on or after the date hereof which are so designated upon issuance. The terms, rights and preferences of the Preferred OP Units are set forth in Article 16.

Preferred OP Units means those limited partnership interests ------------------ (if any) in the Borrower having a priority or preferred status (relative to all other limited partnership interests in the Borrower) with respect to distributions or returns of the holders of such units.

Preferred OP Units means Series A-1 Preferred OP Units in SCOLP, with the rights, preferences and other terms set forth in the Partnership Agreement (it being understood among the parties that the applicable rate of preferred return on the Preferred OP Units increases from 5% to 6% in the third year in order to address the Principals’ concern with rising interest rates in the future).

Preferred OP Units means limited partnership interests in MeriStar Hospitality Operating Partnership, L.P. or any successor operating partnership that require the issuer thereof to pay regularly scheduled fixed distributions thereon, which are not related to dividends on the Company's common stock, and which by their terms may be converted into, or exercised or redeemed for, cash or the Company=s common stock.

Preferred OP Units shall have the meaning set forth in Section 2.2(c).

Preferred OP Units has the meaning ascribed thereto in Section 2(b) hereof.