Partnership Common Units definition

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

Examples of Partnership Common Units in a sentence

• Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions.

• Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes.

• The affirmative vote of the Holders of at least a majority of the Partnership Common Units and the Partnership Series B Units issued and outstanding and entitled to vote on the approval of this Agreement, voting together as a single class (the “ Partnership Unitholder Approval ”), is the only vote or approval of holders of Equity Interests in the Partnership necessary to approve this Agreement.

• 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.

• Initially, LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions.

More Definitions of Partnership Common 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 (a) Common Units issued to the Partnership Unitholders pursuant to the Merger Agreement and (b) any such Common Units transferred by the Partnership Unitholders to a Permitted Assignee or by a Permitted Assignee to the Partnership Unitholders.

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

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 shall have the meaning given that term in the Recitals.

Partnership Common Units shall have the meaning set forth in the Partnership Agreement.