Common use of Additional Partnership Securities Clause in Contracts

Additional Partnership Securities. In addition to the classes of Partnership Interests authorized pursuant to Section 4.2, the General Partner is hereby authorized to cause the Partnership to issue, such additional Partnership Interests, or classes or series thereof, or options, rights, warrants or appreciation rights relating thereto, or any other type of equity security that the Partnership may lawfully issue (“Partnership Equity Securities”), any unsecured or secured debt obligations of the Partnership or debt obligations of the Partnership convertible into any class or series of equity securities of the Partnership (“Partnership Debt Securities” and, together with Partnership Equity Securities, “Partnership Securities”), upon compliance with this Section 4.3. The General Partner may cause the Partnership to issue such Partnership Securities at any time and from time to time if (i) the Partnership shall have a need for additional Capital Contributions for any proper Partnership purpose, (ii) the General Partner shall provide each existing Limited Partner other than Defaulting Partners with the right to acquire such newly-issued Partnership Securities so that such Limited Partner may acquire a sharing ratio with respect to such newly-issued Partnership Securities that is no less than such Limited Table of Contents Partner’s Sharing Ratio in the Partnership, taken as a whole and (iii) a Majority Interest of the Limited Partners approve the issuance of the Partnership Securities.

Additional Partnership Securities. In addition to the classes of Partnership Interests authorized pursuant to Section 4.2, the General Partner is hereby authorized to cause the Partnership to issue, such additional Partnership Interests, or classes or series thereof, or options, rights, warrants or appreciation rights relating thereto, or any other type of equity security that the Partnership may lawfully issue (“"Partnership Equity Securities”"), any unsecured or secured debt obligations of the Partnership or debt obligations of the Partnership convertible into any class or series of equity securities of the Partnership (“"Partnership Debt Securities” " and, together with Partnership Equity Securities, “"Partnership Securities”"), upon compliance with this Section 4.3. The General Partner may cause the Partnership to issue such Partnership Securities at any time and from time to time if (i) the Partnership shall have a need for additional Capital Contributions for any proper Partnership purpose, (ii) the General Partner shall provide each existing Limited Partner other than Defaulting Partners with the right to acquire such newly-issued Partnership Securities so that such Limited Partner may acquire a sharing ratio with respect to such newly-issued Partnership Securities that is no less than such Limited Table of Contents Partner’s 's Sharing Ratio in the Partnership, taken as a whole and (iii) a Majority Interest of the Limited Partners approve the issuance of the Partnership Securities.

Additional Partnership Securities. In addition to the classes of Partnership Interests authorized pursuant to Section 4.2, the General Partner is hereby authorized to cause the Partnership to issue, such additional Partnership Interests, or classes or series thereof, or options, rights, warrants or appreciation rights relating thereto, or any other type of equity security that the Partnership may lawfully issue (“Partnership Equity Securities”), any unsecured or secured debt obligations of the Partnership or debt obligations of the Partnership convertible into any class or series of equity securities of the Partnership (“Partnership Debt Securities” and, together with Partnership Equity Securities, “Partnership Securities”), upon compliance with this Section 4.3. The General Partner may cause the Partnership to issue such Partnership Securities at any time and from time to time if (i) the Partnership shall have a need for additional Capital Contributions for any proper Partnership purpose, (ii) the General Partner shall provide each existing Limited Partner other than Defaulting Partners with the right to acquire such newly-issued Partnership Securities so that such Limited Partner may acquire a sharing ratio with respect to such newly-issued Partnership Securities that is no less than such Limited Table of Contents Partner’s Sharing Ratio in the Partnership, taken as a whole and (iii) a Majority Interest of the Limited Partners approve the issuance of the Partnership Securities.