Common use of Capital Contributions of the Partners Clause in Contracts

Capital Contributions of the Partners. At the time of their respective execution of this Agreement, (i) the Partners shall make or shall have made Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as set forth in Exhibit A. The Percentage Interests shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage Interest. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its Subsidiaries, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the Partnership. One thousand (1,000) Partnership Units shall be deemed to be the General Partner’s Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, no Partner shall be required or permitted to make any additional Capital Contributions or loans to the Partnership.

Appears in 2 contracts

Samples: Dupont Fabros Technology, Inc., Tarantula Ventures LLC

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Capital Contributions of the Partners. At the time of their respective the execution of this Agreement, (i) the Partners shall make or shall have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all Contributions as set forth in Exhibit A. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interests Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s 's Percentage Interest. To the extent the Partnership acquires is acquiring any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A. A number of Partnership Units held by the books and records General Partner equal to one percent (1%) of all outstanding Partnership Units (as of the Partnership. One thousand (1,000closing date of the Consolidation) Partnership Units shall be deemed to be the General Partner’s Partner Partnership Units and shall be the General Partnership Interest of the such General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its their capacity as a Limited Partner Partners in the Partnership. Except as required by law, as otherwise provided in Sections 4.37.5 and 10.5 hereof, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans provide any additional funding to the PartnershipPartnership (whether in the form of loans, repayments of loans or otherwise). No Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

Appears in 2 contracts

Samples: LaSalle Hotel Properties, Lasalle Hotel Properties

Capital Contributions of the Partners. At the time of their respective the execution of this Agreement, (i) the Partners shall make or shall have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all Contributions as set forth in Exhibit A. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interests Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s 's Percentage Interest. To the extent the Partnership acquires is acquiring any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A. The number of Partnership Units held by the books and records General Partner equal to one percent (1%) of all outstanding Partnership Units (as of the Partnership. One thousand (1,000Effective Date) Partnership Units shall be deemed to be the General Partner’s Partner Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, no Partner shall be required or permitted to make any additional Capital Contributions or loans to the Partnership.General

Appears in 1 contract

Samples: National Health Realty Inc

Capital Contributions of the Partners. At the time of their respective the execution of this Agreement, (i) the Partners shall make or shall have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all Contributions as set forth in Exhibit A. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interests Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s 's Percentage Interest. To the extent the Partnership acquires is acquiring any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A. The number of Partnership Units held by the books and records General Partner equal to one percent (1%) of all outstanding Partnership Units (as of the Partnership. One thousand (1,000closing date of the Effective Date) Partnership Units shall be deemed to be the General Partner’s Partner Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, no Partner shall be required or permitted to make any additional Capital Contributions or loans to the Partnership.General

Appears in 1 contract

Samples: National Health Realty Inc

Capital Contributions of the Partners. At the time of their respective the execution of this Agreement, (i) the Partners shall make or shall have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as Contributions set forth in Exhibit A. The Percentage Interests shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage Interestthis Agreement. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the PartnershipExhibit A, as amended to reflect such deemed Capital Contributions. One thousand (1,000) The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership with respect to Common Units as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest. The number of Common Units held by the General Partner, in its capacity as general partner, (equal to one percent (1%) of all outstanding Common Units from time to time) shall be deemed to be the General Partner’s Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the PartnershipInterest. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 4.2 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Summit Properties Partnership L P

Capital Contributions of the Partners. At the time of their respective execution of this Agreement, (i) the The Partners shall make or shall have made Capital Contributions, (ii) Contributions to the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as set forth in Exhibit A. The Percentage Interests shall be adjusted in Exhibit A from time to time by the General Partner to books and records of the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage InterestPartnership. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the Partnership. One thousand (1,000) The Partners shall own Partnership Units in the amounts set forth for such Partner and shall have a Percentage Interest in the Partnership as set forth in the Partner Registry, which Percentage Interest shall be deemed adjusted in the Partner Registry from time to be time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner’s Partnership Units and shall be the General Partnership Interest Percentage Interest. The number of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity Interest (currently equal to one percent (1%) of all outstanding Partnership Units and as adjusted from time to time; provided, however, that the General Partner’s Interest shall not be reduced below one percent (1%) so long as any financing arrangement of which the Partnership is a Limited party requires the General Partner in the PartnershipInterest to be at least one percent (1%)). Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 4.2 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Life Storage Lp

Capital Contributions of the Partners. At On the time of their respective execution of this AgreementEffective Date, (i) the Partners shall make or shall have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as Contributions set forth in Exhibit A. The Percentage Interests shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage InterestRegister. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books Partner Register, as amended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth in the Partner Register and records shall have a Percentage Interest in the Partnership as set forth in the Partner Register, which Percentage Interest shall be adjusted in the Partner Register from time to time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner's Percentage Interest. A number of Partnership Units held by the Partnership. One thousand General Partner equal to one percent (1,0001%) of all outstanding Partnership Units shall be deemed to be the General Partner’s Partner Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the PartnershipInterest. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 4.2 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Carramerica Realty Corp

Capital Contributions of the Partners. At the time of their respective the execution of this Agreement, (i) the Partners shall make or shall have made the Capital Contributions, (ii) Contributions contemplated by the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all Master Agreement as set forth in Exhibit A. A to this Agreement. The Partners shall own OP Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interests Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership OP Units or similar events having an effect on a any Partner’s Percentage Interest, including the admission of additional Limited Partners pursuant to Section 15.13 hereof. To The Partners hereby acknowledge and agree that the extent Percentage Interests of the Partnership acquires any property Partners following the mergers contemplated by Section 15.13 shall be set forth on the First Amendment to Exhibit A to this Agreement. The number of OP Units held by the merger of any other Person into the Partnership or any of General Partner, in its Subsidiariescapacity as general partner, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the Partnership. One thousand (1,000) Partnership Units shall be deemed to be the General Partner’s Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the PartnershipInterest. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 4.2 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Ramco Gershenson Properties Trust

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Capital Contributions of the Partners. At The Partners have made: (i) certain Capital Contributions to the time of their respective execution Partnership; and (ii) certain capital contributions to MeriStar H & R Operating Company II, L.P. (which capital contributions shall be deemed to be Capital Contributions for purposes of this Agreement, (i) the Partners shall make or shall have made Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as set forth in Exhibit A. The Percentage Interests shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage Interest). To the extent the Partnership acquires any property by the merger of any other Person person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the PartnershipExhibit A, as amended to reflect such deemed Capital Contributions. One thousand (1,000) The Partners shall own Partnership Units as set forth in Exhibit A and shall have Percentage Interests in the Partnership as set forth in Exhibit A, which Percentage Interests shall be deemed adjusted from time to be time by the General Partner to the extent necessary to accurately reflect redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s Partnership Units and shall be the General Partnership Interest 's Percentage Interest. A number of the General Partner. All other Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units (other than Preferred Units) shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the PartnershipInterest. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 4.2 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Meristar Hotels & Resorts Inc

Capital Contributions of the Partners. At A. The Partners have contributed to the time of their respective execution of Partnership the Mall Partnership Interest. In connection with this Agreement, (i) the Carrying Values of the Partnership's assets have been adjusted to reflect their respective fair market values and the Capital Accounts of the Partners shall make or shall have made Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all reflect their respective contributions as set forth in on Exhibit A. "A", and such amounts shall be represented by the Partnership Interests and Partnership Units shown on said Exhibit. The Partnership Units and the Percentage Interests also shall be adjusted in Exhibit A "A" from time to time by the General Partner to the extent necessary to accurately reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar or other events having an effect on a any Partner’s 's Percentage Interest. To the extent the The number of Partnership acquires any property Units held by the merger of any other Person into the Partnership or any of General Partner, in its Subsidiariescapacity as general partner, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the Partnership. One thousand (1,000) Partnership Units shall be deemed to be the General Partner’s Partnership Units Partner Interest. Except as provided hereinabove and shall be as expressly provided in Sections 4.2, 10.5, and 13.3, the General Partnership Interest of Partners, including, without limitation, the General Partner. All other Partnership Units held by the General Partner , shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, have no Partner shall be required or permitted obligation whatsoever to make any additional or further Capital Contributions Contributions, loans, or loans advances of any kind to the Partnership, or to in any way finance the operation of the Partnership, the distributions to Partners or any of the debt or other obligations of the Partnership.

Appears in 1 contract

Samples: Westfield America Inc

Capital Contributions of the Partners. At the time of their respective execution of this Agreement, (i) the The Partners shall make or shall have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all Contributions as set forth in Exhibit A. The C attached to this Agreement. Each Partner shall own Partnership Units in the amount set forth for such Partner in Exhibit A, as the same may be amended from time to time, and shall have a Percentage Interests Interest in the Partnership as set forth in Exhibit A, as the same may be amended from time to time, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchangessales, exchanges or other transfers, redemptions, Capital Contributions, the issuance of additional Partnership Units Units, or similar events having an effect on a Partner’s 's Percentage Interest. Except as provided by law, Section 5.2, the Partners shall have no obligation or right to make any additional Capital Contributions or loans to the Partnership. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records Exhibit A, as amended to reflect such Capital Contributions. The number of the Partnership. One thousand (1,000) Partnership Units held by the General Partner, in its capacity as general partner (equal to one percent (1%) of all outstanding Partnership Units from time to time), shall be deemed to be the General Partner’s Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, no Partner shall be required or permitted to make any additional Capital Contributions or loans to the PartnershipInterest.

Appears in 1 contract

Samples: Agreement (U S Restaurant Properties Inc)

Capital Contributions of the Partners. At A. The Partners have heretofore made various cash contributions to the time of their respective execution of Partnership and have contributed to the Partnership the Mall Partnership Interest. In connection with this Agreement, (i) the Carrying Values of the Partnership's assets have been adjusted to reflect their respective fair market values and the Capital Accounts of the Partners shall make or shall have made Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all reflect their respective contributions as set forth in on Exhibit A. "A", and such amounts shall be represented by the Partnership Interests and Partnership Units shown on said Exhibit. The Partnership Units and the Percentage Interests also shall be adjusted in Exhibit A "A" from time to time by the General Partner to the extent necessary to accurately reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar or other events having an effect on a any Partner’s 's Percentage Interest. To the extent the The number of Partnership acquires any property Units held by the merger of any other Person into the Partnership or any of General Partner, in its Subsidiariescapacity as general partner, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the Partnership. One thousand (1,000) Partnership Units shall be deemed to be the General Partner’s Partnership Units Partner Interest. Except as provided hereinabove and shall be as expressly provided in Sections 4.2, 10.5, and 13.3, the General Partnership Interest of Partners, including, without limitation, the General Partner. All other Partnership Units held by the General Partner , shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partnership, have no Partner shall be required or permitted obligation whatsoever to make any additional or further Capital Contributions Contributions, loans, or loans advances of any kind to the Partnership, or to in any way finance the operation of the Partnership, the distributions to Partners or any of the debt or other obligations of the Partnership.

Appears in 1 contract

Samples: Westfield America Inc

Capital Contributions of the Partners. At the time of their respective execution of this AgreementEffective Time, (i) the Partners shall make or shall be deemed to have made the Capital Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as Contributions set forth in Exhibit A. The Percentage Interests shall be adjusted in Exhibit A from time the Partner Register, which sets forth the Capital Contributions actually made by or deemed to time have been made by the General Partner Partners to CRLP as of December 31, 2003, immediately prior to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage InterestEffective Time. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its SubsidiariesPartnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books Partner Register, as amended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth in the Partner Register and records shall have a Percentage Interest in the Partnership as set forth in the Partner Register, which Percentage Interest shall be adjusted in the Partner Register from time to time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s Percentage Interest. A number of Partnership Units held by the Partnership. One thousand General Partner equal to one percent (1,0001%) of all outstanding Partnership Units shall be deemed to be the General Partner’s Partner Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the PartnershipInterest. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 4.2 and 10.5, or as otherwise agreed to by a Partner and the Partnership, Partners shall have no Partner shall be required or permitted obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Carramerica Realty Corp

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