Property Partnership Units definition

Property Partnership Units means the limited partnership units of the Property Partnership;
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Property Partnership Units or "Units" means, with respect to any Property Partnership, units representing limited partnership interests in that Property Partnership.
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Examples of Property Partnership Units in a sentence

  • In such case, BPY or the Property Partnership, as applicable, shall apply such payment against the subscription price for such Units or Property Partnership Units, as applicable.

  • Payment of the Base Management Fee for any Quarter (whether in cash, Units, Property Partnership Units or any combination of the foregoing) will be due and payable no later than the 45th day following the end of such Quarter.

  • The Purchaser's obligation to purchase and pay for Property Partnership Units is subject to certain conditions, including conditions related to the legal matters discussed in this Section 12.

  • The Purchase Price for the Property is $13,415,139, less the principal balance of the Surviving Mortgage, payable by exchanging for the Property Partnership Units in the Acquiring Partnership having an aggregate value equal to the Purchase Price, adjusted by the allocations and adjustments provided herein.

  • If any state anti-takeover statute is applicable to this Exchange Offer, the Purchaser might be unable to accept for payment or purchase Property Partnership Units tendered pursuant to this Exchange Offer or be delayed in continuing or consummating this Exchange Offer.

  • Neither the Purchaser nor any other person will be under any duty to give notification of any defects or irregularities in the tender of any Property Partnership Units or will incur any liability for failure to give any such notification.

  • In all cases, exchange or payment for Property Partnership Units exchanged or purchased pursuant to this Exchange Offer will be made only after timely receipt by the Purchaser of a properly completed and duly executed Accredited Investor Questionnaire, a properly completed and duly executed Letter of Transmittal (or facsimile thereof), and any other documents required by the Letter of Transmittal.

  • Any Property Partnership Units properly withdrawn will be deemed not to be validly tendered for purposes of this Exchange Offer.

  • All questions as to the validity, form, eligibility (including time of receipt) and acceptance for payment of any tender of Property Partnership Units pursuant to the procedures described above will be determined by the Purchaser, in its sole discretion, which determination shall be final and binding.

  • Determination of Validity; Rejection of Property Partnership Units; Waiver of Defects; No Obligation to Give Notice of Defects.

Related to Property Partnership Units

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • 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.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • 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.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • 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.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • OP means open pit and “UG” means underground.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Common Units is defined in the Partnership Agreement.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).