Common use of Adjustment of Percentage Interests Attributable to Participation Interest Following Issuance or Redemption of Partnership Units Clause in Contracts

Adjustment of Percentage Interests Attributable to Participation Interest Following Issuance or Redemption of Partnership Units. Immediately after the issuance or redemption by the Partnership of any Partnership Units, the Percentage Interest attributable to the Participation Interest shall be adjusted so that it equals (i) the Percentage Interest attributable to the Participation Interest immediately prior to the issuance or redemption of such Partnership Units, multiplied by (ii) a fraction whose numerator is (A) the number of Outstanding Unit Equivalents immediately prior to the issuance or redemption of such Partnership Units and whose denominator equals (B) the number of Outstanding Unit Equivalents (as defined below) immediately prior to the issuance or redemption of such Partnership, plus the number of Partnership Units then being issued, or minus the number of Partnership Units then being redeemed, as the case may be.

Adjustment of Percentage Interests Attributable to Participation Interest Following Issuance or Redemption of Partnership Units. Immediately after the issuance or redemption by the Partnership of any Partnership Units, the Percentage Interest attributable to the Participation Interest shall be adjusted so that it equals (i) the Percentage Interest attributable to the Participation Interest immediately prior to the issuance or redemption of such Partnership Units, multiplied by (ii) a fraction whose numerator is (A) the number of Outstanding Unit Equivalents immediately prior to the issuance or redemption of such Partnership Units and whose denominator equals (B) the number of Outstanding Unit Equivalents (as defined below) immediately prior to the issuance or redemption of such Partnership, plus the number of Partnership Units then being issued, or minus the number of Partnership Units then being redeemed, as the case may be.