Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall be rounded as determined by the Company or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreement.
Appears in 6 contracts
Samples: Based Ltip Unit Agreement (SmartStop Self Storage REIT, Inc.), Performance Based Ltip Unit Agreement (SmartStop Self Storage REIT, Inc.), Performance Based Ltip Unit Agreement (SmartStop Self Storage REIT, Inc.)
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall will be rounded as determined by the Company Corporation or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 2(a) of this Agreement. * * * [The remainder of this page is intentionally left blank.]
Appears in 3 contracts
Samples: Retentive Ltip Unit Agreement (Healthpeak Properties, Inc.), Retentive Ltip Unit Agreement (Healthpeak Properties, Inc.), Retentive Ltip Unit Agreement (Healthpeak Properties, Inc.)
Fractional Units. For purposes of this Agreement, any fractional Performance LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall will be rounded as determined by the Company Corporation or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of Performance LTIP Units that vest or become entitled to such distributions to exceed the total number of Performance LTIP Units set forth in Section 1 2(a) of this Agreement.
Appears in 3 contracts
Samples: Ltip Unit Agreement (Healthpeak Properties, Inc.), Ltip Unit Agreement (Healthpeak Properties, Inc.), Ltip Unit Agreement (Healthpeak Properties, Inc.)
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall will be rounded as determined by the Company or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreement.
Appears in 2 contracts
Samples: Time Based Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.), Time Based Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.)
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall will be rounded as determined by the Company Trust or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreement.
Appears in 2 contracts
Samples: Time Based Ltip Unit Agreement (Workspace Property Trust), Performance Based Ltip Unit Agreement (Workspace Property Trust)
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall be rounded as determined by the Company or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreement.. (Signature page follows)
Appears in 1 contract
Samples: Based Ltip Unit Agreement (Rexford Industrial Realty, Inc.)
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall will be rounded as determined by the Company or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 2 of this Agreement.
Appears in 1 contract
Samples: Time Based Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.)
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership LLC Agreement shall be rounded up or down to whole LTIP Units as determined by the Company or the Partnership; providedAdministrator, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreementits sole and absolute discretion.
Appears in 1 contract
Samples: Fifth Wall Acquisition Corp. III
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall be rounded up or down to whole LTIP Units as determined by the Company or the Partnership; provided, however, that Administrator in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreementits sole and absolute discretion.
Appears in 1 contract
Fractional Units. For purposes of this Agreement, any fractional LTIP Units that vest or become entitled to distributions pursuant to the Partnership Agreement shall be rounded as determined by the Company or the Partnership; provided, however, that in no event shall such rounding cause the aggregate number of LTIP Units that vest or become entitled to such distributions to exceed the total number of LTIP Units set forth in Section 1 of this Agreement.. (Signature page follows) 7 US-DOCS\104383499.4
Appears in 1 contract
