Common use of Additional Units Clause in Contracts

Additional Units. If, after the date hereof, a Unitholder acquires the right to vote any additional partnership interests of the Partnership (any such partnership interests shall be referred to herein as "ADDITIONAL UNITS"), the provisions of this Agreement applicable to the Units shall be applicable to such Additional Units as if such Additional Units had been Units held by the Unitholders as of the date hereof. The provisions of the immediately preceding sentence shall be effective with respect to Additional Units without action by any Person immediately upon the acquisition by a Unitholder of the right to vote such Additional Units.

Appears in 2 contracts

Samples: Voting Agreement (Krupp Family Limited Partnership 94), Voting Agreement (Krupp Family Limited Partnership 94)

AutoNDA by SimpleDocs

Additional Units. If, after the date hereof, a Unitholder acquires the right to vote any additional partnership interests of the Partnership (any such partnership interests shall be referred to herein as "ADDITIONAL UNITSAdditional Units"), the provisions of this Agreement applicable to the Units shall be applicable to such Additional Units as if such Additional Units had been Units held by the Unitholders as of the date hereof. The provisions of the immediately preceding sentence shall be effective with respect to Additional Units without action by any Person immediately upon the acquisition by a Unitholder of the right to vote such Additional Units.

Appears in 2 contracts

Samples: Voting Agreement (Krupp Family Limited Partnership 94), Voting Agreement (Krf3 Acquisition Co LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.