Common use of Special Partnership Units Clause in Contracts

Special Partnership Units. The Advisor has made capital contributions to the Partnership in exchange for certain partnership units as described as follows: $2,000 in exchange for 200 common units and $1,000 in exchange for 100 Special Units. Upon the earliest to occur of the termination of this Agreement for Cause, a Termination Event, or a Listing, all of the Special Units shall be redeemed by the Partnership in accordance with the terms of the Partnership Agreement.

Appears in 11 contracts

Samples: Advisory Agreement (Wells Timberland REIT, Inc.), Advisory Agreement (Wells Timberland REIT, Inc.), Advisory Agreement (Wells Timberland REIT, Inc.)

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Special Partnership Units. The Advisor has made capital contributions to the Partnership in exchange for certain partnership units as described as follows: $2,000 in exchange for 200 common units and $1,000 in exchange for 100 Special Units. Upon the earliest to occur of the termination of this Agreement for Causeby the Company, a Termination Event, Liquidation Event or a Listing, all of the Special Partnership Units shall be redeemed by the Partnership in accordance with the terms of the Partnership Agreement.

Appears in 1 contract

Samples: Advisory Agreement (Wells Total Return REIT, Inc.)

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