Basic Restrictions. (A) (1) No Person, other than a Person exempted pursuant to Section 8.1(g) or an Excepted Holder, shall Beneficially Own or Constructively Own an amount of Shares in excess of the Applicable Amount, (2) no Person, other than a Person exempted pursuant to Section 8.1(g) or an Excepted Holder, shall Beneficially Own or Constructively Own an amount of Common Shares in excess of the Common Share Ownership Limit, (3) no Person, other than a Person exempted pursuant to Section 8.1(g) or an Excepted Holder, shall Beneficially Own or Constructively Own an amount of Preferred Shares in excess of the Preferred Share Ownership Limit and (4) no Excepted Holder shall Beneficially Own or Constructively Own an amount of Shares in excess of the Excepted Holder Limit for such Excepted Holder.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC)