SPECIAL OP UNITHOLDERS definition

SPECIAL OP UNITHOLDERS means the holders of Special Partnership Units.
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SPECIAL OP UNITHOLDERS means the holders of Special Partnership Units. “Special Partnership Unit” means a unit of a series of Partnership Interests designated as Special Partnership Units issued pursuant to Section 4.1. The number of Special Partnership Units outstanding and the Special Percentage Interests in the Partnership represented by such Special Partnership Units are set forth on Exhibit A, as such Exhibit may be amended from time to time. A holder of a Special Partnership Unit shall have the same rights and preferences as a holder of a Partnership Unit under this Agreement that is a Limited Partner except as set forth in Sections 5.2 (b), 7.1(c), 8.5 and 8.6. “Special Percentage Interest” shall mean the percentage ownership interest in the Partnership of each Special OP Unitholder, as determined by dividing the Special Partnership Units owned by each Special OP Unitholder by the total number of Special Partnership Units then outstanding. The Special Percentage Interest of each Partner shall be as set forth on Exhibit A, as such Exhibit may be amended from time to time. “Specified Redemption Date” means the first business day of the month that is at least sixty (60) business days after the receipt by the General Partner of the Notice of Redemption. “Subsidiary” means, with respect to any Person, any corporation or other entity of which a majority of (i) the voting power of the voting equity securities or (ii) the outstanding equity interests is owned, directly or indirectly, by such Person. “Subsidiary Partnership” means any partnership of which the partnership interests therein are owned by the General Partner or a direct or indirect subsidiary of the General Partner. “Substitute Limited Partner” means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3 hereof. 9 Source: TNP STRATEGIC RETAIL TRUST, INC., EX-10.3, 5/11/2009 | Powered by Intelligize
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Related to SPECIAL OP UNITHOLDERS

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Unitholders means the holders of Units.

  • Unit Holders means all Unit Holders.

  • Class B Members means the Members holding Class B Units.

  • 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.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • LTIP Unitholder means a Partner that holds LTIP Units.

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

  • Class A Members means those Members who have purchased Class A Interests.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Units means the Class B Units of the Company.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Preferred Holders means the record owners of outstanding Preferred Securities.

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

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

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

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

  • Preferred Member means a Member holding Preferred Units.

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

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

  • 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).

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • 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.

  • Class C Shares means shares of the Class C Common Stock.