Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.
Appears in 42 contracts
Samples: Limited Partnership Agreement (Strategic Student & Senior Housing Trust, Inc.), Limited Partnership Agreement (Gc Net Lease Reit, Inc.), Limited Partnership Agreement (Strategic Storage Trust IV, Inc.)
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5V, no Partner shall have the right to receive receive, and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.
Appears in 5 contracts
Samples: Wells Timber Real Estate Investment Trust, Inc., Wells Timberland REIT, Inc., Wells Real Estate Investment Trust Iii Inc
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5V, no Partner shall have the right to receive receive, and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s 's Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s 's assets.
Appears in 5 contracts
Samples: Wells Timberland REIT, Inc., Wells Timber Real Estate Investment Trust, Inc., Wells Timber Real Estate Investment Trust, Inc.
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s 's Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s 's assets.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Sentio Healthcare Properties Inc), Limited Partnership Agreement (Sentio Healthcare Properties Inc), Securities Purchase Agreement (Sentio Healthcare Properties Inc)
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5V, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.
Appears in 4 contracts
Samples: Agreement (Wells Real Estate Investment Trust Ii Inc), Agreement (Wells Real Estate Investment Trust Ii Inc), Wells Real Estate Investment Trust Ii Inc
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5V, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, . does not exceed the fair market value of the Partnership’s assets.
Appears in 1 contract
Samples: Agreement (Columbia Property Trust Operating Partnership, L.P.)
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5V, but subject to Section 8.05, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s 's Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s 's assets.
Appears in 1 contract
Samples: Wells Total Return REIT, Inc.
Limitations of Return of Capital Contributions. Notwithstanding any of the provisions of this Article 5V, but subject to Section 8.05, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.
Appears in 1 contract
Samples: Wells Total Return REIT, Inc.
