Adjustment to Gross Asset Value. 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:
Appears in 3 contracts
Samples: Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.), Limited Partnership Agreement (Phillips Edison Grocery Center Reit I, Inc.), Limited Partnership Agreement (Phillips Edison Grocery Center Reit Ii, 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 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 Partnership Year including:
(A) 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
Appears in 1 contract
Samples: Limited Partnership Agreement
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:
(A) 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
Appears in 1 contract
Samples: Limited Partnership Agreement (American Realty Capital Healthcare Trust III, Inc.)
