Adjustment to Gross Asset Value. (i) The General Partner shall provide the holders of Class B Units the opportunity but not the obligation to make Capital Contributions to the Partnership in exchange for OP Units in order to cause an adjustment to the Gross Asset Value of the Partnership’s assets within the meaning of paragraph (b)(i) of the definition of Gross Asset Value up to two (2) times each fiscal year including if the Partnership or the General Partner shall be a party to any OP Unit Transaction; provided, that the General Partner shall give each holder of Class B Units written notice of such OP Unit Transaction at least thirty (30) days prior to entering into any definitive agreement pursuant to which the OP Unit Transaction would be consummated;
Appears in 10 contracts
Samples: Original Agreement (Global Net Lease, Inc.), Recitals (American Realty Capital Trust V, Inc.), Agreement (American Realty Capital Properties, Inc.)
Adjustment to Gross Asset Value. (i) The General Partner shall provide the holders of Class B Units the opportunity but not the obligation to make Capital Contributions to the Partnership in exchange for OP Class A Units in order to cause an adjustment to the Gross Asset Value of the Partnership’s assets within the meaning of paragraph (b)(i) of the definition of Gross Asset Value up to two (2) times each fiscal year including if the Partnership or the General Partner shall be a party to any OP Class A Unit Transaction; provided, that the General Partner shall give each holder of Class B Units written notice of such OP Class A Unit Transaction at least thirty (30) days prior to entering into any definitive agreement pursuant to which the OP Class A Unit Transaction would be consummated;
Appears in 1 contract
Samples: American Finance Trust, Inc
Adjustment to Gross Asset Value. (i) The General Partner shall provide the holders of Class B Units the opportunity but not the obligation to make Capital Contributions to the Partnership in exchange for OP Class A Units in order to cause an adjustment to the Gross Asset Value of the Partnership’s assets within the meaning of paragraph (b)(i) of the definition of Gross Asset Value up to two (2) times each fiscal year including if the Partnership or the General Partner shall be a party to any OP Class A Unit Transaction; provided, that the General Partner shall give each holder of Class B Units written notice of such OP Class A Unit Transaction at least thirty (30) days prior to entering into any definitive agreement pursuant to which the OP Class A Unit Transaction would be consummated;.
Appears in 1 contract
Samples: Agreement (New York City REIT, Inc.)
