OP Units definition

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

OP Units has the meaning set forth in the Recitals.

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

Examples of OP Units in a sentence

• Any Distribution Fee expenses accrued or allocated directly or indirectly to a particular class of OP Units or Shares.

• The calculations used to determine the NAV of the Corporation, the Shares, the Operating Partnership and the OP Units, all as provided in the Valuation Procedures.

• Units of limited partnership interest in the Operating Partnership, other than the Special OP Units.

• If the Advisor does not elect on or before the first day of a calendar year to have all or a portion of the Performance Component paid as a fee in cash to the holder of the Special OP Units, then the Performance Component shall be paid as a distribution on the performance participation interest to the holder of the Special OP Units.

• The total outstanding Shares and outstanding OP Units that are held by parties other than the Corporation.

More Definitions of OP Units

OP Units means Partnership Units (as such term may be defined in the OP Partnership Agreement from time to time) representing partner interests in the Operating Partnership.

OP Units shall have the meaning set forth in the Recitals hereof.

OP Units means units of limited partnership interest of the Partnership owned by the Protected Partners, as described in the Partnership Agreement, and any other partnership interest into which such OP Units may be converted.

OP Units shall have the meaning set forth in the Preamble.

OP Units has the meaning set forth in the Partnership Agreement.

OP Units means the units of limited partnership interest in Xxxxxxxxx Xxxxxx Properties Operating Partnership, L.P., a California limited partnership.

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