Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its LTIP Unit Forced Conversion right.
Appears in 19 contracts
Samples: Partnership Agreement (Macerich Co), Term Incentive Plan Award Agreement (Mack Cali Realty L P), Limited Partnership Agreement (Acadia Realty Trust)
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its LTIP Unit Forced Conversion rightUnits.
Appears in 11 contracts
Samples: Fourth (Gramercy Property Trust Inc.), Limited Partnership Agreement (JBG SMITH Properties), Sl Green Realty Corp
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its converting LTIP Unit Forced Conversion rightUnits pursuant to Section 1.8 above.
Appears in 8 contracts
Samples: Agreement (Lamar Media Corp/De), Registration Rights Agreement (First Industrial Lp), drhc.com
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its LTIP Unit Forced Conversion rightUnits.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Clipper Realty Inc.), DCT Industrial Trust Inc., 1st stREIT Office Inc.
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its LTIP Unit Forced Conversion rightUnits. 9.
Appears in 1 contract
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its converting LTIP Unit Forced Conversion rightUnits pursuant to Section 1.8 above.”
Appears in 1 contract
Samples: Paramount Group, Inc.
