OP Units definition

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

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

OP Units shall have the meaning set forth in the Recitals hereof.

Examples of OP Units in a sentence

• As of the close of business on the date hereof, (i) 18,285,480.5952 OP Units were outstanding, (ii) 209,439.7162 RSOP LTIP Units were outstanding, which RSOP LTIP Units will have been cancelled and ceased to be outstanding as of the Closing, (iii) the RSOP Special Limited Partner Interest was outstanding and (iv) 211,495.6283 RSOP General Partner Units were outstanding, all of which were held by RS.

• The Contributors may distribute the OP Units to their respective partners, members, stockholders or employees, provided that any such distribution complies in all material respects with the CROP limited partnership agreement and Applicable Law, including, without limitation, the Securities Act of 1933, as amended (the “Securities Act”), and applicable rules and regulations thereunder.

More Definitions of OP Units

OP Units means Partnership Units (as such term may be defined in the OP Partnership Agreement from time to time) representing partner interests in the Operating Partnership.

OP Units means limited partnership interests in the Operating Partnership.

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

OP Units has the meaning ascribed to it in the Recitals.

OP Units means units of limited partnership interest of the Partnership owned by the Protected Partners, as described in the Partnership Agreement, and any other partnership interest into which such OP Units may be converted.

OP Units shall have the meaning set forth in the Preamble.

OP Units has the meaning set forth in the Partnership Agreement.