Examples of LTIP Unitholder in a sentence

The undersigned BPY AO LTIP Unitholder hereby irrevocably elects to convert the number of Vested BPY AO LTIP Units in Brookfield Property L.P. (the “Partnership”) set forth below into FV LTIP Units in accordance with the terms of the Fourth Amended and Restated Limited Partnership Agreement of the Partnership, as amended.
In order to exercise his or her LTIP Unit Conversion Right, a BPY AO LTIP Unitholder shall deliver a notice (a “LTIP Unit Conversion Notice”) in the form attached as Exhibit X hereto.
Subject to the terms of the relevant Vesting Agreement or other document pursuant to which BPY AO LTIP Units are granted, except in connection with the exercise of the Redemption Right, a BPY AO LTIP Unitholder may not transfer all or any portion of his or her BPY AO LTIP Units without the prior written consent of the Managing General Partner, which consent may be given or withheld in the Managing General Partner’s sole and absolute discretion.
Notwithstanding the foregoing, in no event may an LTIP Unitholder convert a Vested LTIP Unit the Book-Up Target of which has not been reduced to zero.
Subject to the terms of any Vesting Agreement, an LTIP Unitholder shall be entitled to transfer his or her LTIP Units to the same extent, and subject to the same restrictions as holders of Class A Units are entitled to transfer their Class A Units pursuant to Article XI.

More Definitions of LTIP Unitholder

LTIP Unitholder means a person that holds LTIP Units.

LTIP Unitholder means a person who holds LTIP Units and his or her permitted transferee(s).

LTIP Unitholder means the person who holds the LTIP Units and his permitted transferee(s).

LTIP Unitholder means a Partner that holds LTIP Units. “Majority in Interest” means the Limited Partners holding more than fifty percent (50%) of the Percentage Interests of the Limited Partners.

LTIP Unitholder means a Person that holds LTIP Units as set forth in the Partner Registry, or any Substituted Limited Partner or Additional Limited Partner with respect to such LTIP Units, in such Person’s capacity as an LTIP Unitholder in the Partnership. For the avoidance of doubt, an LTIP Unitholder, and its corresponding LTIP Units, may be subject to one or more Vesting Agreements or other agreements with the Partnership, the Parent or other Persons.

LTIP Unitholder shall have the meaning set forth in the Partnership Agreement.

LTIP Unitholder means a Partner that holds LTIP Units. Partnership Transaction has the meaning provided in the LTIP Unit Designation set forth in Schedule A hereto. Plan has the meaning provided in the WHEREAS clauses, above.