Partnership Unit Designation definition

Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

Partnership Unit Designation shall have the meaning set forth in the Operating Partnership's LPA.

Partnership Unit Designation means this Partnership Unit Designation, as the same may be amended or modified from time to time with the consent of the Holders of the Class A Preferred Units.

Examples of Partnership Unit Designation in a sentence

• Upon a Retirement Trigger Date, the Manager Parties and each of their respective Affiliates shall, subject to the terms and conditions set forth in the applicable Partnership Unit Designation, convert all of their Series SC Class B common units of limited partnership interest in the Operating Partnership ("Class B OP Units") into Class A OP Units in accordance with the Partnership Unit Designation relating to the Class B OP Units.

• No Limited Partner may withdraw from the Partnership other than as a result of a permitted Transfer of all of such Limited Partner’s Partnership Units in accordance with this Article XI, with respect to which the transferee becomes a Substituted Limited Partner, or pursuant to a redemption (or acquisition by the General Partner) of all of its Partnership Units pursuant to a Redemption under Section 8.6 hereof and/or pursuant to any Partnership Unit Designation.

• Upon a Retirement Trigger Date, the Manager Parties and each of their respective Affiliates shall, subject to the terms and conditions set forth in the applicable Partnership Unit Designation, convert all of their Series OV Class B common units of limited partnership interest in the Operating Partnership ("Class B OP Units") into Class A OP Units in accordance with the Partnership Unit Designation relating to the Class B OP Units.

More Definitions of Partnership Unit Designation

Partnership Unit Designation has the meaning set forth in Section 4.2(a) hereof.

Partnership Unit Designation means (i) with respect to the Partnership Preferred Units issued to the Special Limited Partner pursuant to Section 4.1, the description of the terms of such Partnership Preferred Units as set forth in Exhibit D and (ii) with respect to Partnership Preferred Units issued after the date of this Agreement, a description of the terms of such Partnership Preferred Units as described in and referred to as a “Preferred Unit Designation” in Section 4.2.A. The terms set forth in a Preferred Unit Designation with respect to a particular Partnership Preferred Unit shall determine the special rights, privileges and obligations of such Partnership Preferred Unit.

Partnership Unit Designation has the meaning provided in Section 4.3(a) hereof. Partnership Year means the fiscal year of the Partnership, which shall be the calendar year unless another period is specified by the General Partner. Percentage Interest means as to a Partner, except to the extent specifically set forth in any Partnership Unit Designation (a) with respect to any Class of Partnership Units held by such Partner, such Partner’s interest in such Class of Partnership Units as determined by dividing the number of Partnership Units in such Class owned by such Partner by the total number of Partnership Units in such Class then outstanding and (b) with respect to all Classes of Partnership Units held by such Partner, such Partner’s interest in the Partnership as determined by dividing the total number of Partnership Units of all Classes owned by such Partner by the total number of Partnership Units of all Classes then outstanding. For purposes of determining the rights and relationships among the various Classes of Partnership Units, Preferred Units shall not be considered to have any share of the aggregate Percentage Interest in the Partnership unless, and only to the extent, provided otherwise in the instrument creating such Class of Preferred Units.

Partnership Unit Designation means that certain Partnership Unit Designation of Series [ ] Class B OP Units of NSA OP, LP.]

Partnership Unit Designation means a description of the terms of such Partnership Preferred Units as described in and referred to as a “Preferred Unit Designation” in Section 4.2(a). The terms set forth in a Preferred Unit Designation with respect to a particular Partnership Preferred Unit shall determine the special rights, privileges and obligations of such Partnership Preferred Unit.

Partnership Unit Designation shall have the meaning specified in Section 9.3 of this Agreement.”

Partnership Unit Designation has the meaning set forth in