Designation. A class of Partnership Units in the Partnership designated as the “LTIP Units” is hereby established. The number of LTIP Units that may be issued is not limited by this Agreement.
Appears in 39 contracts
Samples: Agreement (Hudson Pacific Properties, L.P.), Assignment Agreement (American Assets Trust, Inc.), Agreement (Hudson Pacific Properties, L.P.)
Designation. A class of Partnership Units in the Partnership designated as the “LTIP Units” is hereby established. LTIP Units are intended to qualify as “profits interests” in the Partnership. The number of LTIP Units that may be issued is shall not limited by this Agreementbe limited.
Appears in 18 contracts
Samples: Third Amended and Restated Agreement (Behringer Harvard Reit I Inc), Agreement (Lamar Media Corp/De), Original Agreement (Easterly Government Properties, Inc.)
Designation. A class of Partnership Units in the Partnership designated as the “LTIP Units” is hereby established. The number of LTIP Units that may be issued is not limited by this the Agreement. Two classes of LTIP Units in the Partnership are hereby designated as the Class 1 LTIP Units (the “Class 1 LTIP Units”) and the Class 2 LTIP Units (the “Class 2 LTIP Units”). The numbers of Class 1 LTIP Units and Class 2 LTIP Units shall be determined from time to time by the General Partner in accordance with the terms of the Plan.
Appears in 2 contracts
Samples: UDR, Inc., United Dominion Realty L P
Designation. A class of Partnership Units in the Partnership designated as the “LTIP LITP Units” is hereby established. The number of LTIP Units that may be issued is not limited by this Agreement.
Appears in 1 contract
Samples: Younan Properties Inc
