LTIP Unitholder definition
LTIP Unitholder means a Partner that holds LTIP Units.
LTIP Unitholder means a person that holds LTIP Units.
LTIP Unitholder means a person who holds LTIP Units and his or her permitted transferee(s).
Examples of LTIP Unitholder in a sentence
Each LTIP Unitholder seeking to convert AO LTIP Units covenants and agrees with the Partnership that all Units to be converted pursuant to this Section 12 shall be free and clear of all liens.
More Definitions of LTIP Unitholder
LTIP Unitholder means a Limited Partner that holds LTIP Units, including any Substitute Limited Partner or Additional Limited Partner with respect to such LTIP Units, in such Person’s capacity as an LTIP Unitholder in the Partnership. “LTIP Units” means the Partnership Units designated as such having the rights, powers, privileges, restrictions, qualifications and limitations set forth herein, in any applicable Equity Plan and in an applicable LTIP Agreement. LTIP Units may be issued in one or more classes, or one or more series of any such classes bearing such relationship to one another as to allocations, distributions, and other rights as the General Partner shall determine in its sole and absolute discretion subject to Delaware law and the Agreement. For the avoidance of doubt, the AO LTIP Units are LTIP Units. “Performance AO LTIP Units” has the meaning set forth in Section 2 hereof. “Performance LTIP Units” has the meaning set forth in Section 2 hereof. “Post-Conversion Period AO LTIP Unit” means an AO LTIP Unit that was not converted on or prior to its Expiration Date pursuant to Section 12 hereof. “Proposed Section 83 Safe Harbor Regulation” has the meaning set forth in Section 14 hereof.
LTIP Unitholder means a Partner that holds LTIP Units. “Nonrecourse Deductions” has the meaning set forth in Regulations Section 1.704- 2(b)(1), and the amount of Nonrecourse Deductions for a taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(c). “Notice of Exchange” means the Notice of Exercise of Exchange Right substantially in the form attached as Exhibit C hereto. “NYSE” means the New York Stock Exchange. “Offer” has the meaning set forth in Section 7.1(b) hereof. “Original Limited Partnership Agreement” has the meaning provided in the recitals hereof. “Partner” means any General Partner or Limited Partner. “Partner Minimum Gain” means “partner nonrecourse debt minimum gain” as set forth in Regulations Section 1.704-2(i). A Partner’s share of Partner Minimum Gain shall be determined in accordance with Regulations Section 1.704-2(i)(5). “Partner Nonrecourse Debt” has the meaning set forth in Regulations Section 1.704- 2(b)(4).
LTIP Unitholder means a Partner that holds LTIP Units. “ Loss ” has the meaning set forth in Section 5.01(h) hereof.
LTIP Unitholder means a Partner that holds LTIP Units. Partnership Transaction has the meaning provided in the LTIP Unit Designation set forth in Schedule A hereto. Plan has the meaning provided in the WHEREAS clauses, above.
LTIP Unitholder shall have the meaning set forth in the Partnership Agreement.
LTIP Unitholder means a holder of LTIP Units. “Majority in Interest” means Partners who hold more than fifty percent (50%) of the outstanding Common Partnership Units; provided, however, with respect to any matter to be voted on by the Partners, there shall be included in both the numerator and the denominator of the computation all (x) preferred Partnership Units of any class or series and (y) any other class or series of Partnership Units which, in each case, are expressly entitled to vote thereon pursuant to the terms of such Partnership Unit or this Agreement. “Master Transaction Agreement” means the Master Transaction Agreement, dated as of October 31, 2016, by and among Vornado Realty Trust, Vornado Realty L.P., JBG Properties Inc., JBG/Operating Partners, L.P., certain affiliates of JBG Properties Inc. and JBG/Operating Partners, L.P., the General Partner and the Partnership. “Net Income” means, for any taxable period, the excess, if any, of the Partnership’s items of income and gain for such taxable period over the Partnership’s items of loss and deduction for such taxable period. The items included in the calculation of Net Income shall be determined in accordance with federal income tax accounting principles, subject to the specific adjustments provided for in Exhibit B hereof. If an item of income, gain, loss or deduction that has been included in the initial computation of Net Income is subjected to the
LTIP Unitholder means a Unitholder that holds LTIP Units.