Partnership Common Units definition

Partnership Common Units means the common units representing limited partner interests in the Partnership.

Partnership Common Units means a fractional, undivided share of the Partnership Interests of all Partners issued pursuant to Section 3.01 and 3.02 of the Agreement.

Partnership Common Units means the common units of the Partnership.

Examples of Partnership Common Units in a sentence

• To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

• Except as otherwise required by applicable law or in the Agreement, the holders of the Preferred Units will have the same voting rights as holders of the Partnership Common Units.

• For purposes of determining a Holder’s proportional share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), each Holder’s respective interest in Partnership profits shall be equal to such Holder’s Percentage Interest with respect to Partnership Common Units, except as otherwise determined by the General Partner.

• Upon such contribution, the Partnership will issue to the General Partner a number of Partnership Common Units equal to the quotient of (i) the new REIT Shares so issued, divided by (ii) the Adjustment Factor then in effect.

• In all cases, the conversion of any LTIP Units into Partnership Common Units shall be subject to the conditions and procedures set forth in this Section 16.9.

More Definitions of Partnership Common Units

Partnership Common Units means a Common Unit of the Partnership, as defined in the Partnership LPA;

Partnership Common Units means the "OP Units" as defined in the Partnership Agreement, other than the Series A Preferred Units and any other Units designated as Partnership Preferred Units.

Partnership Common Units means the "OP Units" as defined in the Partnership Agreement.

Partnership Common Units has the meaning specified in Section 5.13.

Partnership Common Units means any and all Partnership Units other than those classes of Partnership Units which may be designated from time to time pursuant to a Partnership Unit Designation under Section 9.3 of this Agreement.

Partnership Common Units means Common Units issued or assigned to the Partnership Unitholders pursuant to the Exchange Agreement.

Partnership Common Units means Common Units issued to the Partnership Unitholders pursuant to the Merger Agreement.