Special OP Units definition

Special OP Units means the separate series of limited partnership interests to be issued in accordance with Section 8.04. Stockholders means the registered holders of the Shares.
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Special OP Units means units of a series of Partnership Interests, designated as Special OP Units, issued pursuant to Section 4.1. The holder of the Special OP Units shall have the same rights and preferences as a holder of a Partnership Unit under this Agreement that is a Limited Partner except as otherwise set forth in this Agreement.
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Special OP Units has the meaning set forth in the Limited Partnership Agreement.
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Examples of Special OP Units in a sentence

  • The Special OP Units shall be entitled to the distributions provided for, and shall be subject to redemption by the Operating Partnership, in accordance with the terms of the Operating Partnership Agreement.

  • To the extent distributions to the Special OP Units are not paid from net sales proceeds, such amounts will count against the limit on Operating Expenses.

  • Upon the earliest to occur of the termination or nonrenewal of this Agreement for Cause, a Termination Event, or a Liquidity Event, all of the Special OP Units shall be redeemed by the Operating Partnership in accordance with the terms of the Operating Partnership Agreement.

  • In addition, an Affiliate of the Advisor has made a capital contribution of $1,000 to the Operating Partnership in exchange for Special OP Units.

  • Upon the earliest to occur of the termination of this Agreement for Cause, a Termination Event or a Listing, all of the Special OP Units shall be redeemed by the Operating Partnership in accordance with the terms of the Operating Partnership Agreement.


More Definitions of Special OP Units

Special OP Units means a separate series of partnership interests issued by the Operating Partnership pursuant to the OP Partnership Agreement.
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Special OP Units means the separate series of limited partnership interests to be issued in accordance with Section 8.04.
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Special OP Units means units of a series of Partnership Interests, designated as Special OP Units, issued pursuant to Section 4.1, which interest is intended to be a profits interest within the meaning of Revenue Procedure 93-27 and any successor pronouncements. The holder of the Special OP Units shall have the same rights and preferences as a holder of a Partnership Unit under this Agreement that is a Limited Partner except as otherwise set forth in this Agreement.
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Special OP Units shall have the meaning as provided in Section 9.8 herein.
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Special OP Units means the separate series of limited partnership interests issued in accordance with Section 8.04. Sponsor means Cantor ▇▇▇▇▇▇▇▇▇▇ Investors, LLC, a Delaware limited liability company.
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Special OP Units means OP Units designated as “Special Limited Partnership Units” under the Operating Partnership Agreement.
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Special OP Units means a series of Partnership Interests, designated as the Special OP Units, issued pursuant to Section
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