Common Partnership Unit definition

Common Partnership Unit means a fractional, undivided share of the Common Partnership Interests of all Partners issued hereunder. At all times there shall be maintained an equivalency of Common Partnership Units and REIT Common Shares, except as otherwise provided herein.

Common Partnership Unit means a Partnership Unit that is not a Preferred Partnership Unit.

Common Partnership Unit means any Partnership Unit other than any series of units of limited partnership interest issued in the future and designated as preferred or that is otherwise different from the Common Partnership Units, including, but not limited to, with respect to the payment of distributions, including distributions upon liquidation.

Examples of Common Partnership Unit in a sentence

• Net Income Per Common Partnership Unit Net income per Class A common partnership unit and Class B Common partnership unit is determined by allocating net income after preferred distributions and minority partners' interest in consolidated partnerships income to the general and limited partners based on their weighted average distribution per common partnership units outstanding during the respective periods presented.

• In addition to the Partnership Units held by the Company, as of the Capitalization Date, 7,305,355 Common Partnership Units were issued and outstanding and held by Persons other than the Company, and each such Common Partnership Unit is redeemable in accordance with the Partnership Agreement in exchange for one Company Share or cash, at the Company’s election.

More Definitions of Common Partnership Unit

Common Partnership Unit means a Partnership Unit that receives no preferential treatment.

Common Partnership Unit means any Common Series A Unit and any Common Series B Unit.

Common Partnership Unit means any Class A, Class B, Class C, Class D and Class E Unit and any other Partnership Unit that is not a Preference Unit.

Common Partnership Unit means a fractional, undivided share of the ownership interests in the Partnership issued hereunder to the General Partner and the Class A Limited Partners. The allocation of Common Partnership Units among the General Partner and the Class A Limited Partners shall be as set forth on Exhibit A, as may be amended from time to time. Upon any redemption, issuance or transfer of Common Partnership Units, the General Partner shall prepare a schedule in the form of Exhibit A reflecting the names of the then-current Partners, their Common Percentage Interests or Preferred Percentage Interests, and the number of Common Partnership Units or Preferred Partnership Units owned by each Partner.

Common Partnership Unit means any Partnership Unit other than any series of units of limited partnership interest issued in the future and designated as preferred or otherwise different from the Common Partnership Units, including, but not limited to, with respect to the payment of distributions, including distributions upon liquidation.

Common Partnership Unit. Common Partnership Unit" shall mean a fractional, undivided share of the Common Partnership Interests of all Partners issued hereunder. As of September 30, 2002, there shall be considered to be _________________________ Common Partnership Units outstanding, with each Common Partnership Unit representing a ____ percent (____%) Common Percentage Interest in the Partnership. At all times there shall be maintained an equivalency of Common Partnership Units and REIT Common Shares, except as otherwise provided herein, and except that the conversion of the Subordinated Convertible Debt shall be effected without the issuance of additional REIT Common Shares.

Common Partnership Unit means a fractional, undivided share of common ownership interest in IPLP, with economic rights and preferences substantially the same as an IPT Common Share.