Common use of Issuance of Securities by the General Partner Clause in Contracts

Issuance of Securities by the General Partner. (a) The General Partner shall contribute the cash proceeds or other consideration received from any issuances from and after the date hereof of Common Shares, Preferred Shares, Junior Shares or Other Securities, as the case may be, and from the exercise of the rights contained in any such additional Other Securities, to the Partnership in exchange for (x) in the case of an issuance of Common Shares, Common Units, or (y) in the case of an issuance of Preferred Shares, Junior Shares or Other Securities, Partnership Units with designations, preferences and other rights, terms and provisions that are substantially the same as the designations, preferences and other rights, terms and provisions of such Preferred Shares, Junior Shares or Other Securities.

Appears in 5 contracts

Samples: Agreement (Pacific Office Properties Trust, Inc.), Agreement (Arizona Land Income Corp), Agreement (Pacific Office Properties Trust, Inc.)

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