Common use of Exchange Rights Agreements Clause in Contracts

Exchange Rights Agreements. (a) The Limited Partners will be granted the right, but not the obligation, to exchange all or a portion of their Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock on such terms and subject to such conditions and restrictions as will be contained in one or more exchange rights agreements among the General Partner, the Partnership and one or more Limited Partners (as amended from time to time, the “Exchange Rights Agreements”). The form of each Exchange Rights Agreement governing the exchange of Partnership Units shall hereafter be provided by the General Partner.

Appears in 23 contracts

Samples: Agreement (ARC Realty Finance Trust, Inc.), Agreement (ARC Realty Finance Trust, Inc.), Agreement (American Realty Capital Trust III, Inc.)

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Exchange Rights Agreements. (a) The Limited Partners will be have been granted the right, but not the obligation, to exchange all or a portion of their Partnership Units for cash or, at the option of the PartnershipGeneral Partner, for shares of Common REIT Stock on such the terms and subject to such the conditions and restrictions as will be contained in one or more exchange rights agreements among certain Exchange Rights Agreements between the General Partner, Partners and the Partnership and one or more Limited Partners (as amended from time to time, the “Exchange Rights Agreements”). The form of each Exchange Rights Agreement governing the exchange of Partnership Units shall hereafter be provided substantially in the form attached hereto as Exhibit C, with such changes as may be agreed to by the General Partner.

Appears in 15 contracts

Samples: Exchange Rights Agreement (Independence Realty Trust, Inc), Exchange Rights Agreement (American Realty Capital New York Recovery Reit Inc), Exchange Rights Agreement (Carter Validus Mission Critical REIT, Inc.)

Exchange Rights Agreements. (a) The Limited Partners will be granted the right, but not the obligation, to exchange all or a portion of their Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock or Preferred Stock, as the case may be, on such terms and subject to such conditions and restrictions as will be contained in one or more exchange rights agreements among the General Partner, the Partnership and one or more Limited Partners (as amended from time to time, the “Exchange Rights Agreements”). The form of each Exchange Rights Agreement governing the exchange of Partnership Units shall hereafter be provided by the General Partner.

Appears in 6 contracts

Samples: Preferred Apartment Communities Inc, Management Agreement (Preferred Apartment Communities Inc), Preferred Apartment Communities Inc

Exchange Rights Agreements. (a) The Limited Partners will be have been granted the right, but not the obligation, to exchange all or a portion of their Partnership Units for cash or, at the option of the PartnershipGeneral Partner, for shares of Common REIT Stock on such the terms and subject to such the conditions and restrictions as will be contained in one or more exchange rights agreements among certain Exchange Rights Agreements between the General Partner, Partners and the Partnership and one or more Limited Partners (as amended from time to time, the Exchange Rights Agreements”). The form of each Exchange Rights Agreement governing the exchange of Partnership Units shall hereafter be provided substantially in the form attached hereto as Exhibit C, with such changes as may be agreed to by the General Partner.

Appears in 3 contracts

Samples: Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)

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Exchange Rights Agreements. (af) The Limited Partners will be granted the right, but not the obligation, to exchange all or a portion of their Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock or Preferred Stock, as the case may be, on such terms and subject to such conditions and restrictions as will be contained in one or more exchange rights agreements among the General Partner, the Partnership and one or more Limited Partners (as amended from time to time, the “Exchange Rights Agreements”). The form of each Exchange Rights Agreement governing the exchange of Partnership Units shall hereafter be provided by the General Partner.

Appears in 1 contract

Samples: Preferred Apartment Communities Inc

Exchange Rights Agreements. (a) The Limited Partners will be granted the right, but not the obligation, to exchange all or a portion of their Partnership Units for cash or, at the option of the Partnership, for shares of Class A Common Stock on such terms and subject to such conditions and restrictions as will be contained in one or more exchange rights agreements among the General Partner, the Partnership and one or more Limited Partners (as amended from time to time, the “Exchange Rights Agreements”). The form of each Exchange Rights Agreement governing the exchange of Partnership Units shall hereafter be provided by the General Partner.

Appears in 1 contract

Samples: Preferred Apartment Communities Inc

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