Common use of General Partner Interest Clause in Contracts

General Partner Interest. A number of Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units from time to time shall be deemed to be the Partnership Units of the General Partner and shall be the General Partner Interest. All other Partnership Units held by the General Partner shall be deemed to be Limited Partner Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership.

Appears in 2 contracts

Samples: Camden Property Trust, Camden Property Trust

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General Partner Interest. A number of Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units from time to time shall be deemed to be the Partnership Units of held by the General Partner as a general partner and shall be the General Partner Interest. All other Partnership Units held by the General Partner shall be deemed to be Limited Partner Interests and Interests, shall be held by the General Partner in its capacity as a Limited Partner in the PartnershipPartnership and shall entitle the General Partner to all of the rights as a Limited Partner hereunder.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

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General Partner Interest. A number of Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units from time to time shall be deemed to be the Partnership Units General Partner Interest of the General Partner and shall be the General Partner InterestPartner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partner Interests and shall be held by the General Partner in its capacity as a Limited Partner in of the Partnership.

Appears in 1 contract

Samples: Schottenstein Realty Trust, Inc.

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