Class A OP Units definition

Class A OP Units shall have the meaning set forth in Section 6.1(c).

Class A OP Units means Class A units of limited partnership of our operating partnership, as described under "Description of the Partnership Agreement of Our Operating Partnership;"

Class A OP Units. Class A units of limited partnership interests in the Operating Partnership.

Examples of Class A OP Units in a sentence

• Class A OP Units to be issued to the Converting Partner in the Voluntary Conversion shall be equal to the FCCR Conversion Amount.

• Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.

• Notwithstanding any delay in such delivery (but subject to Sections 4.1(d) and 4.1(e)), each Converting Partner and Non-Voluntary Converting Partner, respectively, shall be deemed owners of such Class A OP Units for all purposes, including without limitation, rights to vote or consent, and receive distributions declared, as of the Conversion Effective Date or the date of the Non-Voluntary Conversion Notice, respectively.

• The transferability of Class A OP Units is also limited by the Partnership Agreement.

• Issuance or redemption of additional Class A OP Units or Class B OP Units changes the relative ownership percentage of the partners.

More Definitions of Class A OP Units

Class A OP Units. As defined in the preamble.

Class A OP Units shall have the meaning set forth in the Recitals hereof.

Class A OP Units means Class A common units of limited partner interest in the Operating Partnership (including the number of Class A OP Units issuable upon the exchange of all DownREIT Class X Units (as defined in the Partnership Agreement)).

Class A OP Units means the Class A common units of limited partner interest in the Partnership.

Class A OP Units cash or a combination thereof, the PMB Member will transfer, contribute and convey its entire membership interest in the Partnership to the OP (or at the direction of the OP, to a wholly-owned subsidiary thereof), and (ii) in exchange for “Class B Partnership Units” (as defined in the OP Agreement) (“Class B OP Units”), the NHP Member will transfer, contribute and convey its entire membership interest in the Partnership to the OP (or at the direction of the OP, to a wholly-owned subsidiary thereof).

Class A OP Units and together with the Class A-1 OP Units, the “OP Units”);

Class A OP Units means limited partnership interests in the Operating Partnership that are classified and defined, in the limited partnership agreement of the Operating Partnership (“OP Agreement”), as “Class A Units.” “Class M-I OP Units” means limited partnership interests in the Operating Partnership that are classified and defined, in the OP Agreement, as “Class M-I Units.”