Partnership Units definition

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

Partnership Units means the limited and general partnership units in the Partnership held by each of the Beneficiaries as of the Record Date.

Partnership Units is defined in the Recitals of this Agreement.

Examples of Partnership Units in a sentence

• The Class A Preferred Limited Partnership Units may be issued at any time or from time to time in one or more series.

• The Class A Preferred Limited Partnership Units shall have attached thereto the following rights, privileges, restrictions and conditions.

• At such adjourned meeting, the holders of Class A Preferred Limited Partnership Units represented in person or by proxy may transact the business for which the meeting was originally called and the holders of Class A Preferred Limited Partnership Units then represented in person or by proxy shall form the necessary quorum.

• The Class A Preferred Limited Partnership Units (as defined below), as a class, shall be designated as Class A Preferred Limited Partnership Units.

• The undersigned Blackstone Holdings Limited Partner desires to exchange the number of Blackstone Holdings Partnership Units set forth below in the form of exchange selected below to be issued in its name as set forth below.

More Definitions of Partnership Units

Partnership Units means limited partnership interests of the Partnership. The holder has the option of requiring the Company to redeem such interests. The Company may elect to effectuate such redemption by either paying cash or exchanging Company Shares for such interests.

Partnership Units means partnership units of the Operating Partnership.

Partnership Units means the interest in the Operating Partnership of any Partner which entitles a Partner to the allocations (and each item thereof) specified in the Partnership Agreement and all distributions from the Operating Partnership, and its rights of management, consent, approval, or participation, if any, as provided in the Partnership Agreement. Partnership Units do not include Preferred Units. Each Partner's percentage ownership interest in the Operating Partnership shall be determined by dividing the number of Partnership Units then owned by each Partner by the total number of Partnership Units then outstanding.

Partnership Units means the common units and subordinated units representing limited partnership interests of the Partnership.

Partnership Units. Shall have the meaning set forth in the OP Agreement.

Partnership Units means the common units representing limited partner interests in the Partnership having the rights and obligations specified with respect to “Common Units” as set forth in the Existing Partnership Agreement.

Partnership Units means the units of limited partnership interest in the Borrowers or any of their Subsidiaries, as the case may be, issued and outstanding from time to time.