RP Unit definition

RP Unit means a Unit to be transferred for the purpose of social housing;
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Examples of RP Unit in a sentence

  • The foregoing notwithstanding, a transferee of an RP Unit shall not be admitted as a substituted Limited Partner unless the General Partner consents, which consent may be given or withheld by the General Partner in its sole and absolute discretion.

  • The redemption price of any RP Unit redeemed pursuant to this Section 4.2 shall be equal to the product of (a) 115% of the average of the Starwood Unit Closing Price for the ten (10) trading day period ending five (5) days prior to the date of such redemption, multiplied by (b) the then Issuance Percentage of SLT.

  • In lieu of issuing a fractional RP Unit to a holder of RP Units, the number of RP Units to be held by such holder shall be rounded to the nearest whole RP Unit, or, at the option of the General Partner, the holder shall be paid cash equal to the fair market value of such fractional RP Unit.