Vested LTIP Units definition

Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

Vested LTIP Units has the meaning set forth in Section 16.2.A hereof.

Vested LTIP Units means those Earned LTIP Units that have fully vested in accordance with the time-based vesting conditions of Section 3(d) or have vested on an accelerated basis under Section 4.

Examples of Vested LTIP Units in a sentence

• The General Partner shall have the right at any time to cause a conversion of Vested LTIP Units into Common Units.

• Notwithstanding the foregoing, in no event may a holder of Vested LTIP Units convert a number of Vested LTIP Units that exceeds (x) the Economic Capital Account Balance of such Limited Partner, to the extent attributable to its ownership of LTIP Units, divided by (y) the Common Unit Economic Balance, in each case as determined as of the effective date of conversion (the “Capital Account Limitation”).

• The General Partner shall have the right at any time to cause a conversion of Vested LTIP Units into OP Units.

• A Conversion Notice shall be provided in the manner provided in Section 15.2. Each Qualifying Party seeking to convert Vested LTIP Units covenants and agrees with the Partnership that all Vested LTIP Units to be converted pursuant to this Section 16.9 shall be free and clear of all liens.

• Vested LTIP Units are eligible to be converted into Common Units in accordance with Section 4.05 hereof.

More Definitions of Vested LTIP Units

Vested LTIP Units means Earned LTIP Units that have satisfied the time-based or accelerated vesting requirements of an Award Agreement.

Vested LTIP Units has the meaning set forth in Section 4.04(c) hereof.

Vested LTIP Units means any portion of the Award LTIP Units subject to this Agreement that is and has become vested pursuant to Section 2.

Vested LTIP Units shall have the meaning set forth in Section 1.2 of Schedule H hereto.

Vested LTIP Units has the meaning set forth in Section 13.01(c)(i) hereof.

Vested LTIP Units has the meaning set forth in Section 1.2 of Exhibit C hereto.

Vested LTIP Units has the meaning set forth in Section 3(a) hereof.