Common use of Number of Partners Clause in Contracts

Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).

Appears in 29 contracts

Samples: Assignment and Assumption Agreement (Amb Property Corp), Constructive Ownership Definition (Amb Property Corp), Assignment and Assumption Agreement (Amb Property Lp)

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Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the The Partnership shall not at any time have more than one hundred (100) 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).

Appears in 7 contracts

Samples: Liability Agreement (Arden Realty Inc), Constructive Ownership Definition (Hanover Capital Holdings Inc), Kilroy Realty Corp

Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's ’s interest in the flow through entity is attributable to the flow through entity's ’s interest (direct or indirect) in the Partnership).

Appears in 7 contracts

Samples: Ii Contribution Agreement (Amb Property Lp), Assignment and Assumption Agreement (Amb Property Lp), Assignment and Assumption Agreement (Amb Property Corp)

Number of Partners. Without the consent of the General Partner Partner, which may be given or withheld in its sole and absolute discretion, the Partnership shall not at any time have more than one hundred (100) partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's ’s interest in the flow through entity is attributable to the flow through entity's ’s interest (direct or indirect) in the Partnership).

Appears in 5 contracts

Samples: Agreement (Shearson American REIT, Inc.), Agreement (Excel Trust, Inc.), Agreement (Excel Trust, Inc.)

Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the The Partnership shall not at any time have more than one hundred (100) 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's ’s interest in the flow through entity is attributable to the flow through entity's ’s interest (direct or indirect) in the Partnership).

Appears in 4 contracts

Samples: Kilroy Realty, L.P., Kilroy Realty, L.P., Kilroy Realty, L.P.

Number of Partners. Without the consent of the General Partner Partner, which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability companycompany (that is treated as a partnership for federal income tax purposes), S corporation or grantor trust (such entity, a "flow through entity"“Flow Through Entity”), but only if substantially all of the value of such person's ’s interest in the flow through entity Flow Through Entity is attributable to the flow through entity's Flow Through Entity’s interest (direct or indirect) in the Partnership).

Appears in 4 contracts

Samples: Agreement (MGM Growth Properties LLC), MGM Growth Properties Operating Partnership LP, MGM Growth Properties LLC

Number of Partners. Without the consent of the General Partner Partner, which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"“Flow Through Entity”), but only if substantially all of the value of such person's ’s interest in the flow through entity Flow Through Entity is attributable to the flow through entity's Flow Through Entity’s interest (direct or indirect) in the Partnership).

Appears in 3 contracts

Samples: Agreement (Seritage Growth Properties), Agreement (Seritage Growth Properties), Agreement (Seritage Growth Properties)

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Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).partners

Appears in 1 contract

Samples: Amb Property Lp

Number of Partners. Without the consent of the General Partner which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).flow

Appears in 1 contract

Samples: Amb Property Corp

Number of Partners. Without the consent of the General Partner Partner, which may be given or withheld in its sole discretion, the Partnership shall not at any time have more than one hundred (100) 100 partners (including as partners those persons indirectly owning an interest in the Partnership through a partnership, limited liability company, S corporation or grantor trust (such entity, a "flow through entity"), but only if substantially all of the value of such person's interest in the flow through entity is attributable to the flow through entity's interest (direct or indirect) in the Partnership).

Appears in 1 contract

Samples: Arden Realty Inc

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