Post Partners definition
Examples of Post Partners in a sentence
The proceeds of such sale of capital stock of PPI shall be conveyed by PPI to the Post Partners, by contribution or loan, and thereupon contributed by the Post Partners to the Partnership pursuant to the requirements of Section 4.2 of the Partnership Agreement.
In addition, nothing contained herein shall be deemed to limit or otherwise restrict any rights or authority of the Post Partners, under the Partnership Agreement, other than in their capacity as the holders of the Series B Preferred Partnership Units.
The Series B Preferred Partnership Units shall be owned and held solely by one or both of the Post Partners.
The rights of the Post Partners, in their capacity as holders of the Series B Preferred Partnership Units, are in addition to and not in limitation on any other rights or authority of the Post Partners, in any other capacity, under the Partnership Agreement.
In addition to the issuance of Series B Preferred Partnership Units to Post LP Holdings pursuant to this Amendment, such information shall reflect (and Exhibit A shall be deemed amended from time to time to reflect) the issuance of any additional Partnership Units to one or both of the Post Partners or any other Person, the transfer of Partnership Units and the redemption of any Partnership Units, all as contemplated herein.
The Series C Preferred Partnership Units shall be owned and held solely by one or both of the Post Partners.
In addition, nothing contained herein shall be deemed to limit or otherwise restrict any rights or authority of the Post Partners under the Partnership Agreement, other than in their capacity as the holders of the Series A Preferred Partnership Units.
The rights of the Post Partners, in their capacity as holders of the Series A Preferred Partnership Units, are in addition to and not in limitation on any other rights or authority of the Post Partners, in any other capacity, under the Partnership Agreement.
Notwithstanding Section 11.2.C, any Post Partner or PPI may merge or combine with another entity if immediately after such merger substantially all of the assets of the surviving entity, other than general or limited Partnership Units held by any Post Partner or PPI, are contributed to the Partnership as a Capital Contribution in exchange for Partnership Units (either directly by the Post Partners or indirectly by PPI to the Post Partners and then by the Post Partners to the Partnership).
In connection with the foregoing, and without limiting PPI's right in its sole discretion to cease qualifying as a REIT, the Partners acknowledge that PPI's current status as a REIT inures to the benefit of all of the Partners and not solely the Post Partners, as wholly owned subsidiaries of PPI.