Class B Units means the Class B Units of the Company.
Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.
OP Units means units of limited partnership interest in the Operating Partnership.
Partnership Units or “Units” has the meaning provided in the Partnership Agreement.
Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.
LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.
Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.
LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.
Initial Common Units means the Common Units sold in the Initial Offering.
Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.
Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.
Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”
Common Units means common units representing limited partner interests in the Partnership.
Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.
Class A LP Units means the Class A limited partnership units of the Partnership.
Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.
General Partner Units has the meaning assigned to such term in the Partnership Agreement.
Covered Units means, with respect to each Unitholder, such Unitholder’s Existing Units, together with any WMLP Common Units that such Unitholder becomes the Record Holder or beneficial owner of on or after the date hereof.
Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.
Company Units has the meaning set forth in the Recitals.
GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.
Co-op Shares Shares issued by private non-profit housing corporations.
Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.
LLC Units has the meaning set forth in the LLC Agreement.
Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.