Common use of Grant of LTIP Units Clause in Contracts

Grant of LTIP Units. Subject to the provisions of the Operative Documents, the Partnership hereby grants and awards to the Participant Interest Holder the LTIP Units set forth on Annex B hereto.

Appears in 2 contracts

Sources: Ltip Unit Award Agreement (InfraREIT, Inc.), Ltip Unit Award Agreement (InfraREIT, Inc.)