OP Units definition
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.