Classes of Partnership Units. From and after the Effective Date, subject to Section 4.02.A above, the Partnership shall have two classes of Partnership Units, entitled “Class A Units” and “Class B Units.” From and after December 14, 2005, the Partnership shall have an additional class of Partnership Units, entitled “LTIP Units.” Class A Units may be issued to newly admitted Partners in exchange for the contribution by such Partners of cash, real estate partnership interests, stock, notes or other assets or consideration.
Appears in 4 contracts
Samples: Gramercy Capital Corp, Gramercy Property Trust Inc., Gramercy Capital Corp
Classes of Partnership Units. From and after the Effective Date, subject to Section 4.02.A above, the Partnership shall have two classes of Partnership Units, entitled “"Class A Units” " and “"Class B Units.” From and after December 14, 2005, the Partnership shall have an additional class of Partnership Units, entitled “LTIP Units.” " Class A Units may be issued to newly admitted Partners in exchange for the contribution by such Partners of cash, real estate partnership interests, stock, notes or other assets or consideration.
Appears in 1 contract
Samples: Gramercy Capital Corp
