ERP UNITS definition

ERP UNITS mean units of partnership interest in ERP.
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ERP UNITS means common or preferred partnership or membership interests in ERP or any Subsidiary of ERP that is taxed as a partnership for federal income tax purposes. For the avoidance of doubt, each of the ERP DownREITs and their respective Subsidiaries is a Subsidiary of ERP (and not of the Company).
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Related to ERP UNITS

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Membership Units means membership interests in the Company.

  • Class B Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class B Units” in this Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.