BPY definition

BPY has the meaning assigned thereto in the preamble;

BPY means Brookfield Property Partners L.P., a Bermuda limited partnership.

BPY means Brookfield Property Partners L.P.;

Examples of BPY in a sentence

• Under the Restricted BPY LP Unit Plan, units awarded generally vest over a period of five years, except as otherwise determined or for Restricted Units awarded in lieu of a cash bonus as elected by the participant, which may vest immediately.

• BPY may redeem the preferred equity units after specified periods if the BPY equity unit price exceeds predetermined amounts.

• In terms of measuring expected life of the BPY Awards with various term lengths and vesting periods, BPY will segregate each set of similar BPY Awards and, if different, exercise price, into subgroups and apply a weighted average within each group.

• Upon exercise of a vested BPY Award, the participant is entitled to receive LP Units or a cash payment equal to the amount by which the fair market value of an LP Unit at the date of exercise exceeds the exercise price of the BPY Award.

• The preferred equity units are exchangeable into equity units of BPY at $25.70 per unit, at the option of the holder, at any time up to and including the maturity date.

More Definitions of BPY

BPY means Brookfield Property Partners L.P., a Bermuda exempted limited partnership;

BPY means Brookfield Property Partners L.P., a Bermuda limited partnership, and shall be deemed to refer to all successors, including, without limitation, by operation of law.

BPY means Brookfield Property Partners L.P. or its successors or assigns under the Class A Senior Preferred Share Guarantee;

BPY shall have the meaning set forth in the recitals.

BPY means Brookfield Property Partners L.P., together with its subsidiaries;

BPY means Brookfield Property Partners L.P. and any successor. “Conversion Privilege” has the meaning attributed to it in Section 4.1(a).

BPY has the meaning ascribed thereto in the Recitals;