Share Incentive Plan. If at any time or from time to time the Managing General Partner sells or issues Shares pursuant to any Share Incentive Plan, the Managing General Partner shall contribute the net proceeds therefrom to the Partnership as an additional Capital Contribution and shall receive the number of Common Units corresponding to the number of Shares delivered by the Managing General Partner to such exercising party multiplied by a fraction the numerator of which is one and the denominator of which is the Exchange Factor (as defined in Exhibit C hereto) in effect on the date of such contribution.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (Prime Group Realty Trust), Agreement of Limited Partnership (Prime Group Realty Trust)
Share Incentive Plan. If at any time or from time to time the Managing General Partner sells or issues Shares pursuant to any Share Incentive Plan, the Managing General Partner shall contribute the net proceeds therefrom to the Partnership as an additional Capital Contribution and shall receive the number of Common Units corresponding to the number of Shares delivered by the Managing General Partner to such exercising party multiplied by a fraction the numerator of which is one and the denominator of which is the Exchange Factor (as defined in Exhibit C D hereto) in effect on the date of such contribution.
Appears in 1 contract
Sources: Limited Partnership Agreement (Prime Group Realty Trust)