Common use of Capital Contributions of the Partners Clause in Contracts

Capital Contributions of the Partners. At the time of the execution of this agreement, the Partners shall make Capital Contributions set forth in Exhibit A to this Agreement. At the request of the General Partner, certain Capital Contributions may be made by way of transfers to Gables-Tennessee Properties, a Tennessee general partnership that is 99% owned by the Partnership (the "Tennessee Partnership"). To the extent the Partnership acquires any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest. The number of Partnership Units held by the General Partner (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be the General Partner Interest. Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 7 contracts

Samples: Gables Realty Limited Partnership, Gables Realty Limited Partnership, Fourth (Gables Residential Trust)

AutoNDA by SimpleDocs

Capital Contributions of the Partners. At the time of the execution of this agreement, the Partners shall make Capital Contributions set forth in Exhibit A to this Agreement. At the request of the General Partner, certain Capital Contributions may be made by way of transfers to Gables-Tennessee Properties, a Tennessee general partnership that is 99% owned by the Partnership (the "Tennessee Partnership"). To the extent the Partnership acquires any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest. The number of Partnership Units held by the General Partner (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be the General Partner Interest. Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership. Section 4.2.

Appears in 3 contracts

Samples: Gables Residential Trust, Gables Realty Limited Partnership, Gables Realty Limited Partnership

Capital Contributions of the Partners. At the time of Prior to the execution of this agreementAgreement, the Partners shall make have made the Capital Contributions as set forth in Exhibit A the Partner Registry. On the dater hereof, the Partners own Partnership Units in the amounts set forth in the Partner Registry and have Percentage Interests in the Partnership as set forth in the Partner Registry. The number of Partnership Units and Percentage Interest shall be adjusted in the Partner Registry from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner’s Percentage Interest occurring after the date hereof in accordance with the terms of this Agreement. At the request of the General Partner, certain Capital Contributions may be made by way of transfers to Gables-Tennessee Properties, a Tennessee general partnership that is 99% owned by the Partnership (the "Tennessee Partnership"). To the extent the Partnership acquires any property by the merger of any other Person into the PartnershipPartnership or any of its Subsidiaries, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended to reflect such deemed Capital Contributionsthe Partner Registry. The Partners shall own One thousand (1,000) Partnership Units in shall be deemed to be the amounts set forth for such Partner in Exhibit A General Partner’s Partnership Units and shall have a Percentage Interest in the Partnership as set forth Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to Partnership Interest of the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any General Partner's Percentage Interest. The number of All other Partnership Units held by the General Partner (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be Limited Partnership Interests and shall be held by the General Partner Interestin its capacity as a Limited Partner in the Partnership. Except as provided in Sections 4.2 7.5, 10.5, and 10.513.3 hereof, the Partners shall have no obligation to make any additional Capital Contributions or loans provide any additional funding to the PartnershipPartnership (whether in the form of loans, repayments of loans or otherwise). Except as otherwise set forth in Section 13.3 hereof, no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

Appears in 2 contracts

Samples: Carramerica Realty Operating Partnership Lp, Carramerica Realty Corp

Capital Contributions of the Partners. At the time of the execution of this agreement, the Partners shall make the Capital Contributions set forth in Exhibit A to this Agreement. At the request of the General Partner's direction, certain Capital Contributions may be made by way of transfers to Gables-Tennessee PropertiesWellesley Holding, a Tennessee general partnership that is 99% owned by L.P., or other subsidiaries of the Partnership (Partnership, as the "Tennessee Partnership")General Partner may identify. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A A, as amended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately redemptions, additional Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's Percentage Interest. The number of Partnership Units held by the General Partner Partner, in its capacity as general partner, (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be the General Partner Interest. Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 2 contracts

Samples: Beacon Properties Corp, Beacon Properties L P

AutoNDA by SimpleDocs

Capital Contributions of the Partners. At the time of the execution of this agreement, the The Partners shall make have made Capital Contributions to the Partnership as set forth in Exhibit A to this Agreement. At the request books and records of the General Partner, certain Capital Contributions may be made by way of transfers to Gables-Tennessee Properties, a Tennessee general partnership that is 99% owned by the Partnership (the "Tennessee Partnership"). To the extent the Partnership acquires any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended to reflect such deemed Capital Contributionsthe books and records of the Partnership. The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth Exhibit Ain the Partner Registry, which Percentage Interest shall be adjusted in Exhibit A the Partner Registry from time to time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise), or similar events having an effect on any Partner's ’s Percentage Interest. The number of Partnership Units held by the General Partner shall be deemed to be the General Partner Interest (currently equal to one percent (1%) of all outstanding Partnership Units and as adjusted from time to time; provided, however, that the General Partner’s Interest shall not be reduced below one percent (1%) shall be deemed to be so long as any financing arrangement of which the Partnership is a party requires the General Partner InterestInterest to be at least one percent (1%)). Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Life Storage Lp

Capital Contributions of the Partners. At the time of the execution of this agreementEffective Time, the Partners shall make be deemed to have made the Capital Contributions set forth in Exhibit A to this Agreement. At the request of Partner Register, which sets forth the General Partner, certain Capital Contributions may be actually made by way of transfers or deemed to Gables-Tennessee Properties, a Tennessee general partnership that is 99% owned have been made by the Partnership (Partners to CRLP as of December 31, 2003, immediately prior to the "Tennessee Partnership")Effective Time. To the extent the Partnership acquires any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A the Partner Register, as amended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth for such in the Partner in Exhibit A Register and shall have a Percentage Interest in the Partnership as set forth Exhibit Ain the Partner Register, which Percentage Interest shall be adjusted in Exhibit A the Partner Register from time to time by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units (pursuant to any merger or otherwise)Units, or similar events having an effect on any a Partner's ’s Percentage Interest. The A number of Partnership Units held by the General Partner (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be the General Partner Partnership Units and shall be the General Partnership Interest. Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.

Appears in 1 contract

Samples: Carramerica Realty Corp

Time is Money Join Law Insider Premium to draft better contracts faster.