Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.
Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."
Company Units has the meaning set forth in the Recitals.
Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”
Junior accessory dwelling unit means a unit that is no more than 500 square feet in size and contained entirely within a single-family residence. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure.
Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.
Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.
Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.
Flip-over Stock means the capital stock (or similar equity interest) with the greatest voting power in respect of the election of directors (or other persons similarly responsible for direction of the business and affairs) of the Flip-Over Entity.
Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.
RSUs means restricted stock units.
LLC Units has the meaning set forth in the LLC Agreement.
Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].
Class B Units has the meaning set forth in Section 3.04(a)(ii).
Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.
Series B Preferred Units shall have the meaning provided in Section 1.
DSUs means the deferred share units granted under the DSU Plan;
PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;
Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.
Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.
Class C Units shall have the meaning set forth in the preface.
Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.
Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.
Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.
Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).