Auto Conversion definition
Auto Conversion has the meaning set forth in Section 11(d) hereof.
Auto Conversion has the meaning given to such term in the Reorganization Agreement.
Auto Conversion means either a Cash Auto-Conversion as defined in 12.12(a) or a Stock Auto-Conversion as defined in 12.12(d), as applicable.
Examples of Auto Conversion in a sentence
Notwithstanding the foregoing, only Vested LTIP Units that are free and clear of all liens shall be converted pursuant to an Auto Conversion.
More Definitions of Auto Conversion
Auto Conversion means the automatic conversion of U.S. dollars to a local Currency as part of a Wire Transfer, as provided in Section 9.b of this Wire Addendum.
Auto Conversion has the meaning set forth in the Recitals.
Auto Conversion into an equal number of Class C Common Units, giving effect to all adjustments (if any) made pursuant to Section 6 hereof; provided, however, unless otherwise determined by the General Partner, the number of Vested LTIP Units of a holder that converts pursuant to an Auto Conversion shall not exceed (i) the Economic Capital Account Balance of such Limited Partner, to the extent attributable to their ownership of Vested LTIP Units, divided by (ii) the Target Economic Capital Account Balance applicable to such Vested LTIP Units, in each case as determined as of a date on which satisfaction of the LTIP Unit Redemption Threshold is being determined (in either case, the “Capital Account Limitation”). After one or more LTIP Units have satisfied the LTIP Unit Redemption Threshold, such Units shall forever have satisfied such threshold and the Capital Account Limitation shall thereafter apply only to any LTIP Units that have not previously satisfied such threshold. Notwithstanding the foregoing, only Vested LTIP Units that are free and clear of all liens shall be converted pursuant to an Auto Conversion.
Auto Conversion has the meaning set forth in Section 11(d) hereof. “Auto Conversion Notice” has the meaning set forth in Section 11(d) hereof. “Basic LTIP Units” has the meaning set forth in Section 2 hereof. “Basic AO LTIP Units” has the meaning set forth in Section 2 hereof. “Capital Account Limitation” has the meaning set forth in Section 11(a) hereof. “Constituent Person” has the meaning set forth in Section 11(g) hereof. “Conversion Date” means, as applicable, (i) with respect to Basic LTIP Units or Performance LTIP Units, the date of an Auto Conversion or the date set forth in a Forced Conversion Notice, and (ii) with respect to AO LTIP Units, the date set forth in an AO LTIP Unit Conversion Notice or a Forced AO LTIP Unit Conversion Notice or the date of an Expiration Conversion.
Auto Conversion means either a Cash Auto-Conversion as defined in Section 15.12(a) or a Stock Auto-Conversion as defined in Section 15.12(d), as applicable.