Common use of Ltip Units Clause in Contracts

Ltip Units. The parties to the OPP Agreement have as of the date hereof, entered into an agreement to terminate the OPP Agreement (without payment thereunder to the Company Advisor or any of its Affiliates) effective as of immediately prior to the Effective Time and contingent on the occurrence of the Effective Time (the “OPP Termination Agreement”). A true, correct and complete copy of the OPP Termination Agreement has been provided to Parent.