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Any adjustment of the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date for such event; provided, however, that if Crescent Equities receives a Notice of Exchange after the record date, but prior to the effective date, of any such event, the Exchange Factor shall be determined as if Crescent Equities had received the Notice of Exchange immediately prior to the record date for such event. 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Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.", "samples": [{"hash": "dAlGyeN0emn", "uri": "/contracts/dAlGyeN0emn#exchange-factor", "label": "Limited Partnership Agreement (Preferred Apartment Communities Inc)", "score": 27.4284744263, "published": true}, {"hash": "cg3dLJZ6iqM", "uri": "/contracts/cg3dLJZ6iqM#exchange-factor", "label": "Limited Partnership Agreement (Preferred Apartment Communities Inc)", "score": 25.024641037, "published": true}, {"hash": "6OfOU4ATvPc", "uri": "/contracts/6OfOU4ATvPc#exchange-factor", "label": "Limited Partnership Agreement (United Realty Trust Inc)", "score": 23.540725708, "published": true}], "size": 9, "hash": "f218bbbce5509e410c71d302927128dc", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYZXhjaGFuZ2UtZmFjdG9yIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.", "title": "Exchange Factor", "size": 292, "id": "exchange-factor", "examples": ["The maximum number of OP Units issuable upon a conversion of the Special Limited Partner Interest shall be equal to the quotient of (i) the net amount of the Partnership\u2019s remaining obligation pursuant to the Listing Note or Termination Note on the date of conversion divided by (ii) the product of (A) the Value of one share of Common Stock on the date of conversion multiplied by (B) the <strong>Exchange Factor</strong>.", "The Partnership shall notify each Limited Partner in writing of any change made to the <strong>Exchange Factor</strong>.", "For purposes of making future allocations under subparagraph 1(c)(iii) of Exhibit B, the Special Limited Partner\u2019s Capital Account balance shall be reduced, as of the date of conversion, by an amount equal to the product of (i) the number of OP Units issued in the conversion multiplied by (ii) the product of (A) the Value of one share of Common Stock on the date of conversion multiplied by (B) the <strong>Exchange Factor</strong>.", "In the event that an Investor delivers an Exercise Notice to the Manager in which such Investor elects the Exchange Option, the Purchase Price payable by the Company to such Investor for the Tendered Units shall be payable by the issuance by Inland Parent of the number of shares of its Common Stock equal to the product, expressed as a whole number, of (i) the Tendered Units, multiplied by (ii) the <strong>Exchange Factor</strong> (the \u201cStock Purchase Price\u201d).", "The Partnership shall notify each Limited Partner in writing of any change made to the <strong>Exchange Factor</strong> within 10 Business Days of the date such change becomes effective.", "The number of OP Units issuable upon a conversion of the Special Limited Partner Interest pursuant to this Section 8.7(b) shall be equal to the quotient of (i) the Termination Liquidity Promote or Investment Liquidity Promote, as the case may be, divided by (ii) the product of (A) the Market Value per share of Common Stock, as applicable, multiplied by (B) the <strong>Exchange Factor</strong>.", "The Company shall notify each Limited Partner, upon request, of the then current <strong>Exchange Factor</strong> and such notice will include a reasonable explanation of the <strong>Exchange Factor</strong> calculation to be applied at such time.", "Such amendment to this Agreement shall provide for adjustment to such method of calculation, which shall be as nearly equivalent as may be practicable to the adjustments provided for with respect to the <strong>Exchange Factor</strong>.", "The Purchase Price payable by the General Partner to each Exercising Partner for the Offered Convertible Preferred Units shall be payable by the issuance by the General Partner of the product, expressed as a whole number, of (i) the number of shares of its Convertible Preferred Stock equal to the number of Convertible Preferred Units being converted, multiplied by (ii) the Preferred <strong>Exchange Factor</strong> (the &quot;Convertible Preferred Stock Purchase Price&quot;).", "For purposes of the following examples, it is assumed that (a) the <strong>Exchange Factor</strong> in effect on ________ is 1.0 and (b) on _______ (the \u201cPartnership Record Date\u201d for purposes of these examples), prior to the events described in the examples, there are 100 shares of Common Stock issued and outstanding."], "related": [["conversion-factor", "Conversion Factor", "Conversion Factor"], ["exchange-value", "Exchange Value", "Exchange Value"], ["leverage-factor", "Leverage Factor", "Leverage Factor"], ["note-factor", "Note Factor", "Note Factor"], ["fit-factor", "Fit factor", "Fit factor"]], "related_snippets": [], "updated": "2026-05-16T04:22:31+00:00"}, "json": true, "cursor": ""}}