LTIP Units definition

LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

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LTIP Units means the Partnership Units designated as such having the rights, powers, privileges, restrictions, qualifications and limitations set forth herein, in the Plan and under the applicable LTIP Unit Agreement. LTIP Units can 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 Maryland law and this Agreement.

LTIP Units means the Series 2015 LTIP Units issued pursuant to the Designation.

Examples of LTIP Units in a sentence

Upon a Change in Corporate Control all Class A Common Units into which any LTIP Units subject to this Agreement are converted shall become Redemption Right Units but shall continue to be subject to Section 3(b)(ii) of this Agreement.
Among the remedies that the Company may pursue in the event that such breach occurs, the LTIP Units granted under the Award Agreement and the Class A Common Units issued under the LLC Agreement to the Participant shall be subject to forfeiture in accordance with the Award Agreement and Section 1.C of Exhibit F of the LLC Agreement in the event that the Participant breaches any provision of this Agreement.
The Performance LTIP Units are interests in the Partnership; they are not Shares.
If such termination of Continuous Service occurs during the Performance Period, the Performance LTIP Units and the Class A Common Units into which such Performance LTIP Units were converted in accordance with the LLC Agreement shall, until they become Earned Performance LTIP Units or are forfeited in accordance with Section 3(c)(ii), remain subject to adjustment and forfeiture as provided in Annex I to this Agreement.
Effective as of the Grant Date, the Participant has been granted a number of LTIP Units equal to the sum of the Time LTIP Units and the Maximum Performance LTIP Units (the “LTIP Unit Award”), and, by signing and delivering to the Company a copy of this Agreement, will be deemed to have signed and delivered to the Company, as a LTIP Unitholder, a counterpart signature page to the LLC Agreement (attached hereto as Exhibit A) and is thereby admitted as a Member of the Company.

More Definitions of LTIP Units

LTIP Units means the special units of partnership interest of the Operating Partnership having the rights, preferences and other privileges designated in Section 4.04 and elsewhere in the OP Agreement.

LTIP Units means units of limited partnership interest of the Partnership designated as “Class B 2016 LTIP Units” in the Partnership Agreement awarded under the 2013 Plan, having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption set forth in the Partnership Agreement.

LTIP Units means the Series 2015 LTIP Units created by this Designation. “LTIP Unitholder” means a person that holds LTIP Units.

LTIP Units means common units in Holdings issued under the LLC Agreement.

LTIP Units has the definition as set forth in the Equity Plan of the REIT.

LTIP Units means Awards issued with respect to AOG Units, as more fully described in Section 10 below.

LTIP Units means the Partnership Units designated as such having the rights, powers, privileges, restrictions, qualifications and limitations set forth in Exhibit E hereto.