Common use of Additional Capital Contributions or Assessments Clause in Contracts

Additional Capital Contributions or Assessments. No Partner shall be assessed or be required to contribute additional funds or other property to the Partnership, except for any such amounts which a Limited Partner may be obligated to repay under Section 5.3 or Section 13.4. Any additional funds required by the Partnership, as determined by the General Partner in its reasonable business judgment, may, at the option of the General Partner and without an obligation to do so, be contributed by the General Partner as additional Capital Contributions. If and as the General Partner or any other Partner makes additional Capital Contributions to the Partnership, each such Partner shall receive Additional Units, General Partner Units or other Partnership Interests, subject to the provisions of Section 4.2, and such Partner’s Capital Account shall be adjusted as provided in Section 4.4.

Appears in 1 contract

Samples: Regency Centers Lp

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Additional Capital Contributions or Assessments. No Partner shall be assessed or be required to contribute additional funds or other property to the Partnershipor, except for any such amounts which a Limited Partner may be obligated to repay under Section 5.3 10.5, be required to contribute additional funds, except as provided in Sections 4.1.5 and 7.1.1(c), or Section 13.4other property to the Partnership. Any additional funds required by the Partnership, as determined by the General Partner in its reasonable business judgment, may, at the option of the General Partner and without an obligation to do so, be contributed by the General Partner Partner, the Special General Partner, or both as additional Capital Contributions; provided, however, that the General Partner, separately or together with the Special General Partner, shall contribute to the Partnership an additional $400,000 as a Capital Contribution during each Fiscal Year in exchange for General Partner Units which shall be added to the General Partnership Interest. If and as the General Partner or any other the Special General Partner makes additional Capital Contributions to the PartnershipPartnership as provided for in this Section 4.1.2, each such Partner shall receive Additional Units, additional General Partner Units or other Partnership Interests, subject to the provisions of Section 4.2, and such Partner’s Capital Account shall be adjusted as provided in Section 4.4Units.

Appears in 1 contract

Samples: United Dominion Realty Trust Inc

Additional Capital Contributions or Assessments. No Partner shall be assessed or be required to contribute additional funds or other property to the Partnership, except for any such amounts which a Limited Partner may be obligated to repay under Section 5.3 or Section 13.413.4 and such amounts which the General Partner may be obligated to contribute as provided under Section 7.1(a)(iii). Any additional funds required by the Partnership, as determined by the General Partner in its reasonable business judgment, may, at the option of the General Partner and without an obligation to do so, be contributed by the General Partner as additional Capital Contributions. If and as the General Partner or any other Partner makes additional Capital Contributions to the Partnership, each such Partner shall receive Additional Class A Units, General Partner Class B Units or other Partnership Interests, subject to the provisions of Section 4.2, 4.2 and such Partner’s 's Capital Account shall be adjusted as provided in Section 4.4.

Appears in 1 contract

Samples: Agreement (Regency Realty Corp)

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Additional Capital Contributions or Assessments. No Partner shall be assessed or be required to contribute additional funds or other property to the Partnershipor, except for any such amounts which a Limited Partner may be obligated to repay under Section 5.3 10.5, be required to contribute additional funds, except as provided in Section 7.1(a)(3), or Section 13.4other property to the Partnership. Any additional funds required by the Partnership, as determined by the General Partner in its reasonable business judgment, sole discretion may, at the option of the General Partner and without an obligation to do so, be contributed by the General Partner as additional Capital Contributions. If and as the General Partner or any other Partner makes additional Capital Contributions to the Partnership, each such Partner shall receive Additional additional Partnership Units, General Partner Units or other Partnership Interests, subject to the provisions of but only as provided for in Section 4.2, and such Partner’s Capital Account shall be adjusted as provided in Section 4.4.

Appears in 1 contract

Samples: Security Capital Atlantic Inc

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