Examples of DownREIT Partnership Agreement in a sentence
The DownREIT Partnership Units issued to the UDR Partners (as such term is defined in the DownREIT Partnership Agreement) upon the Contribution Settlement in consideration of the contribution of the UDR Contribution Properties shall be valued at the Per-Unit Value.
The Parties acknowledge that the issuance of DownREIT Partnership Units to Contributor shall be evidenced by either an amendment to Exhibit A to the DownREIT Partnership Agreement or joinder (the “Amendment”) or by certificates relating to such DownREIT Partnership Units (“DownREIT Partnership Unit Certificates”), as determined by DownREIT Partnership in its sole discretion.
Distributions are made in accordance with the terms of the DownREIT Partnership Agreement first on a per unit basis that is generally equal to the dividend per share on UDR’s common stock, which is publicly traded on the New York Stock Exchange (“NYSE”) under the ticker symbol “UDR” and secondly, 99% to UDR and 1% to the outside partners.
UDR, as the general partner of the DownREIT Partnership, may, in its sole discretion, purchase the DownREIT Units by paying to the limited partner either the Cash Amount or the REIT Share Amount (generally one share of common stock of UDR for each DownREIT Unit), as defined in the DownREIT Partnership Agreement.
Neither the Company nor the DownREIT Partnership is in default or violation (and no event has occurred which, with notice or the lapse of time or both, would constitute a default or violation) of any term, condition or provision of the Company Charter or Company Bylaws, the DownREIT Partnership Agreement or the certificate of limited partnership of the DownREIT Partnership, respectively.
Subject to the terms of the DownREIT Partnership Agreement, the limited partners have the right to require the DownREIT Partnership to redeem all or a portion of the DownREIT Units held by the limited partner at a redemption price equal to and in the form of the Cash Amount (as defined in the DownREIT Partnership Agreement), provided that such DownREIT Units have been outstanding for at least one year.
The Queensland Ambulance Service reserves the right to require any Employee claiming sick pay or in receipt of Workers' Compensation pay to be examined by a doctor nominated by the Queensland Ambulance Service.
The Partnership Agreement shall be substantially in the form of EXHIBIT B to this Agreement (Form of DownREIT Partnership Agreement).
Transverse lashing angles to the deck should not be greater than 60° and it is important that adequate friction is provided by the use of suitable material.
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