OP definition
Examples of OP in a sentence
From and after the sale of the DST Interests hereunder, and until the Fee Limit (if any and as set forth in the Acceptance Letter attached hereto) has been reached in the event that the FMV Option is exercised, the Dealer Manager will pay to Participating Dealer during the term of the Participating Dealer Agreement all or a portion of the DST Investor Servicing Fee that will be paid monthly and the OP Unit Investor Servicing Fee that will be paid monthly.
On the date on which the Dealer Manager, in conjunction with the SREIT’s transfer agent, determines that the Fee Limit has been reached with respect to the OP Units of a particular class held by an investor, all OP Units of such class held by such investor automatically shall convert into Class I OP Units as set forth in the Limited Partnership Agreement of the Operating Partnership, and no further OP Unit Investor Servicing Fee shall be payable with respect to such OP Units.
The OP Management Fee may be paid, at the Advisor’s election, in cash or cash equivalent aggregate NAV amounts of Class E Operating Partnership Units.
The class of OP Units received by an Investor in exchange for DST Interests in connection with the exercise of the FMV Option shall be as provided in the applicable Subscription Agreement.
To the extent that a Fee Limit is provided in the table below, then in no event shall aggregate Selling Commissions, Outside Selling Commissions, Dealer Manager Fees and Investor Servicing Fees (including OP Unit Investor Servicing Fees) paid by an Investor exceed such Fee Limit.