Redemption of Partnership Units. The General Partner will cause the Partnership to redeem Partnership Units, to the extent it shall have legally available funds therefor, at any time the General Partner redeems shares of beneficial interest in itself. The number and class or series of Partnership Units redeemed and the redemption price shall equal the number (multiplied by the Conversion Factor) of shares of beneficial interest the General Partner redeems and the redemption price at which the General Partner redeems such shares, respectively.
Appears in 28 contracts
Samples: Limited Partnership Agreement (Gc Net Lease Reit, Inc.), Agreement (Wells Real Estate Investment Trust Ii Inc), Agreement (Strategic Storage Trust, Inc.)
Redemption of Partnership Units. The General Partner will cause the Partnership to redeem Partnership Units, to the extent it shall have legally available funds therefor, at any time the General Partner redeems shares of beneficial interest capital stock in itself. The number and class or series of Partnership Units redeemed and the redemption price shall equal the number (multiplied by the Conversion Factor) of shares of beneficial interest capital stock the General Partner redeems and the redemption price at which the General Partner redeems such shares, respectively.
Appears in 24 contracts
Samples: Agreement (Strategic Storage Growth Trust, Inc.), Limited Partnership Agreement (Griffin Capital Essential Asset REIT II, Inc.), Limited Partnership Agreement (Strategic Student & Senior Housing Trust, Inc.)
Redemption of Partnership Units. The General Partner will cause the Partnership to redeem Partnership Units, to the extent it shall have legally available funds therefor, at any time the General Partner redeems corresponding shares of beneficial interest capital stock in itself. The number and class or series of Partnership Units redeemed and the redemption price shall equal the number (multiplied by the Conversion Exchange Factor) and class or series of corresponding shares of beneficial interest capital stock the General Partner redeems and the redemption price at which the General Partner redeems such shares, respectively.
Appears in 1 contract
Samples: Limited Partnership Agreement (Sentio Healthcare Properties Inc)
