Ltip Units. For purposes of the allocations set forth in this Section 6.4, each issued and outstanding LTIP Unit will be treated as one outstanding Common Unit; provided, however, that for purposes of determining Percentage Interests with respect to Common Units, unvested Performance LTIP Units will not be counted.
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Sources: Limited Liability Company Agreement (Kimco Realty OP, LLC)
Ltip Units. For purposes of the allocations set forth in this Section 6.46.4.A, each issued and outstanding LTIP Unit will be treated as one outstanding Common Unit; provided, however, that for purposes of determining Percentage Interests with respect to Common Units, unvested Performance LTIP Units will not be counted.
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Sources: Limited Partnership Agreement (International Market Centers, Inc.)
Ltip Units. For purposes of the allocations set forth in this Section 6.4, each issued and outstanding LTIP Unit will be treated as one outstanding Common Unit; provided, however, that for purposes of determining Percentage Interests with respect to Common Units, unvested each Performance LTIP Units Unit that has not satisfied the applicable performance vesting condition will not be countedtreated as a fraction of one outstanding Common Unit equal to one Common Unit multiplied by the Performance Unit Sharing Percentage.
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