Common use of Vesting of LTIP Units Clause in Contracts

Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. Number of LTIP Units Vested Vesting Dates 94,464 July 2, 2016 94,463 July 2, 2017 94,463 July 2, 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.

Vesting of LTIP Units. The restrictions and conditions in Section 2 Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the number of LTIP Units specified below granted herein in the amounts and on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. : Number of LTIP Units Vested Vesting Dates 94,464 July 21,667 November 7, 2016 94,463 July 22012 1,667 November 7, 2017 94,463 July 22013 1,666 November 7, 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.2014

Vesting of LTIP Units. The restrictions and conditions in Section 2 Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the number of LTIP Units specified below granted herein in the amounts and on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. : Number of LTIP Units Vested Vesting Dates 94,464 July 2, 2016 94,463 July 220 , 2017 94,463 July 220 , 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.20

Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. Number of LTIP Units Vested Vesting Dates 94,464 July 2, 2016 94,463 July 258,870 August 3, 2017 94,463 July 258,870 August 3, 2018 58,870 August 3, 2019 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.

Vesting of LTIP Units. The restrictions and conditions in Section 2 Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the number of LTIP Units specified below granted herein in the amounts and on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. : Number of LTIP Units Vested Vesting Dates 94,464 July 24,166.67 November 7, 2016 94,463 July 22013 4,166.67 November 7, 2017 94,463 July 22014 4,166.66 November 7, 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.2015

Vesting of LTIP Units. The restrictions and conditions in Section 2 Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the number of LTIP Units specified below granted herein in the amounts and on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. : Number of LTIP Units Vested Vesting Dates 94,464 July 2834 May 14, 2016 94,463 July 22013 833 May 14, 2017 94,463 July 22014 833 May 14, 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.2015

Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement 2(b) and Section 2(c) hereof shall lapse with respect to the number of LTIP Units granted herein in the amounts and on the dates specified below on the (each such date, a “Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. Date”): Number of LTIP Units Vested Vesting Dates 94,464 July 2Date December 31, 2014 June 1, 2015 December 31, 2015 June 1, 2016 94,463 July 2December 31, 2017 94,463 July 22016 June 1, 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.2017

Vesting of LTIP Units. The restrictions and conditions in Section 2 Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the number of LTIP Units specified below granted herein in the amounts and on the Vesting Dates specified below, so long as the Management Agreement remains effective from the Grant Date until such Vesting Dates. : Number of LTIP Units Vested Vesting Dates 94,464 July 23,833.34 November 7, 2016 94,463 July 22013 3,833.34 November 7, 2017 94,463 July 22014 3,833.32 November 7, 2018 Subsequent to such Vesting Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.2015