Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to OP Units as provided in clause (e) below and Section 16.4 hereof.
Appears in 35 contracts
Samples: Agreement (American Realty Capital Healthcare Trust III, Inc.), Advisory Agreement (American Realty Capital - Retail Centers of America, Inc.), Agreement (American Realty Capital - Retail Centers of America, Inc.)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to Class A OP Units as provided in clause (eE) below and Section 16.4 hereof.
Appears in 5 contracts
Samples: Agreement (Carter Validus Mission Critical REIT II, Inc.), Carter Validus Mission Critical REIT II, Inc., NexPoint Hospitality Trust, Inc.
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B M Units unless and until the Class B M Units are converted to OP Units as provided in clause (e) below and Section 16.4 15.4 hereof.
Appears in 3 contracts
Samples: Inland Residential Properties Trust, Inc., Inland Retail Properties Trust V, Inc., Inland Residential Properties Trust, Inc.
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B M Units unless and until the Class B M Units are converted to OP Class A Units as provided in clause (e) below and Section 16.4 15.4 hereof.
Appears in 3 contracts
Samples: Agreement (Inland Residential Properties Trust, Inc.), Inland Residential Properties Trust, Inc., Inland Residential Properties Trust, Inc.
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 15.1 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to OP Units as provided in clause (ed) below and Section 16.4 hereof.. 84
Appears in 3 contracts
Samples: Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Phillips Edison Grocery Center Reit I, Inc.
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 15.1 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to OP Units as provided in clause (ed) below and Section 16.4 hereof.
Appears in 2 contracts
Samples: Agreement, Agreement (Phillips Edison & Company, Inc.)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 15.1 hereof shall not apply with respect to Class B C Units unless and until the Class B C Units are converted to OP Units as provided in clause (ed) below and Section 16.4 17.4 hereof.
Appears in 1 contract
