Dividend LTIP Units

Dividend LTIP Units. Means a number of additional LTIP Units equal to the quotient obtained by dividing (x) the amount of ordinary dividends paid by the Company with respect to the Performance Period in respect of a number of shares of Common Stock, par value $0.01 per share, of the Company ("Common Stock") equal to the number of Earned LTIP Units (as defined in Section 3, exclusive of the Dividend LTIP Units and disregarding any LTIP Units issued in respect of distributions and reduced by the distributions... actually paid with respect to the LTIP Units), by (y) the Share Value as of the last day of the Performance Period. View More