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

Subject to the terms of any Vesting Agreement, an LTIP Unitholder shall be entitled to transfer his or her LTIP Units to the same extent, and subject to the same restrictions as holders of Common Units are entitled to transfer their Common Units pursuant to Article IX.
The General Partner and LTIP Unitholder shall reasonably cooperate with each other to coordinate the timing of the events described in the foregoing sentence.
After the conversion of LTIP Units as aforesaid, the Partnership shall deliver to such LTIP Unitholder, upon his or her written request, a certificate of the General Partner certifying the number of Class A Units and remaining LTIP Units, if any, held by such person immediately after such conversion.
If an LTIP Unitholder fails to make such an election, such holder (and any of its transferees) shall receive upon conversion of each LTIP Unit held him or her (or by any of his or her transferees) the same kind and amount of consideration that a holder of a Class A Unit would receive if such Class A Unit holder failed to make such an election.
A Conversion Notice shall be provided in the manner provided in Section 15.1. Each LTIP Unitholder covenants and agrees with the Partnership that all Vested LTIP Units to be converted pursuant to this Section 4.7.B shall be free and clear of all liens and encumbrances.

More Definitions of LTIP Unitholder

LTIP Unitholder means a Partner that holds LTIP Units. “Loss” has the meaning set forth in Section 5.01(h) hereof.

LTIP Unitholder means the person who holds the LTIP Units and his permitted transferee(s).

LTIP Unitholder means a Unitholder that holds LTIP Units.

LTIP Unitholder means a Person that holds LTIP Units as set forth in the Partner Registry, or any Substituted Limited Partner or Additional Limited Partner with respect to such LTIP Units, in such Person’s capacity as an LTIP Unitholder in the Partnership. For the avoidance of doubt, an LTIP Unitholder, and its corresponding LTIP Units, may be subject to one or more Vesting Agreements or other agreements with the Partnership, the Parent or other Persons.

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 shall have the meaning set forth in the Partnership Agreement.

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.