Common use of Assignees Clause in Contracts

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 40 contracts

Samples: Limited Partnership Agreement (Freehold Properties, Inc.), Limited Partnership Agreement (Broad Street Realty, Inc.), Agreement of Limited Partnership (Steadfast Apartment REIT, Inc.)

AutoNDA by SimpleDocs

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Net Property Gain, Net Property Loss, and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 38 contracts

Samples: Merger Agreement, Limited Partnership Agreement (Phillips Edison Grocery Center REIT III, Inc.), Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 26 contracts

Samples: Limited Partnership Agreement (ARC Realty Finance Trust, Inc.), Limited Partnership Agreement (ARC Realty Finance Trust, Inc.), Limited Partnership Agreement (United Realty Trust Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfit, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement except as otherwise provided in this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 21 contracts

Samples: Merger Agreement (Healthcare Realty Trust Inc), Limited Partnership Agreement (Griffin-American Healthcare REIT II, Inc.), Limited Partnership Agreement (Healthcare Trust of America, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interest held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership UnitsInterest, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of his or its Partnership UnitsInterest.

Appears in 19 contracts

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust), Limited Partnership Agreement (Angel Oak Mortgage, Inc.)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If . (c) In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 17 contracts

Samples: Agreement of Limited Partnership (Independence Realty Trust, Inc), Limited Partnership Agreement (Independence Realty Trust, Inc), Limited Partnership Agreement (Independence Realty Trust, Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 hereof as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article 11, but shall not be deemed to be a holder of Partnership Units for any other purpose under this AgreementAgreement (other than as expressly provided in Section 8.6 hereof with respect to a Qualifying Party that becomes a Tendering Party), and shall not be entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 15 contracts

Samples: Limited Partnership Agreement (Aimco OP L.P.), Limited Partnership Agreement (Aimco Properties L.P.), Limited Partnership Agreement (Apartment Income REIT Corp.)

Assignees. If the General Partner, in its sole and absolute discretion, Board of Directors does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interest held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership UnitsInterest, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of his or its Partnership UnitsInterest.

Appears in 11 contracts

Samples: Limited Partnership Agreement (NexPoint Real Estate Finance, Inc.), Limited Partnership Agreement (NexPoint Real Estate Finance, Inc.), Limited Partnership Agreement (NexPoint Real Estate Finance, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 11 contracts

Samples: Merger Agreement (Gables Residential Trust), Limited Partnership Agreement (Highwoods Properties Inc), Limited Partnership Agreement (Gables Realty Limited Partnership)

Assignees. A. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfit, Net LossesLoss and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to transfer the Limited Partners under Section 8.6Partnership Units in accordance with the provisions of this Article 11, but shall not be deemed to be a holder Holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote effect a Consent with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote (such Partnership Units being deemed right to have been voted on such matter in Consent to the same proportion as all other Partnership Units held extent provided by this Agreement or under the Act remaining with the transferor Limited Partners are votedPartner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Paramount Group, Inc.), Limited Partnership Agreement (Gaming & Leisure Properties, Inc.), Limited Partnership Agreement (Paramount Group, Inc.)

Assignees. If the Managing General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 hereof as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article 11, but shall not be deemed to be a holder of Partnership Units for any other purpose under this AgreementAgreement (other than as expressly provided in Section 15.1 hereof with respect to a Qualifying Party that becomes a Tendering Party), and shall not be entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 9 contracts

Samples: Limited Partnership Agreement (Hartman Short Term Income Properties XX, Inc.), Contribution Agreement (Welsh Property Trust, Inc.), Contribution Agreement (Welsh Property Trust, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interest held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership UnitsInterest, such transferee shall be subject to all of the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of his or its Partnership UnitsInterest.

Appears in 8 contracts

Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Net Property Gain, Net Property Loss and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 8 contracts

Samples: Limited Partnership Agreement (American Realty Capital Global Trust II, Inc.), Limited Partnership Agreement (American Realty Capital Healthcare Trust III, Inc.), Limited Partnership Agreement (American Realty Capital New York City REIT II, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLoss, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 7 contracts

Samples: Agreement of Limited Partnership (FrontView REIT, Inc.), Agreement of Limited Partnership (FrontView REIT, Inc.), Limited Partnership Agreement (Four Corners Property Trust, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 11.03 above as a Substituted Limited Partner, as described in Section 11.411.04 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, 8.06 hereof but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Gramercy Property Trust), Limited Partnership Agreement (Cb Richard Ellis Realty Trust), Limited Partnership Agreement (Cb Richard Ellis Realty Trust)

Assignees. If the General Partnera Non-Managing Member, in its sole and absolute discretion, does not consent to provide for the admission of any permitted transferee under Section 11.3 11.4(a) as a Substituted Limited PartnerNon-Managing Member, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest Non-Managing Membership Interest under the Act, including the right to receive distributions from the Partnership Company and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Company Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Membership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Membership Units in any matter presented to the Limited Partners Non-Managing Members for a vote (such Partnership Membership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Membership Units held by Limited Partners Non-Managing Members are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Membership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner Non-Managing Member desiring to make an assignment of Partnership Membership Units.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.), Limited Liability Company Agreement (Morgans Hotel Group Co.), Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does a transferee is not consent to the admission of any permitted transferee under Section 11.3 admitted as a Substituted Limited Partner, as described Partner in accordance with Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including (if applicable) the right to redeem Units under Section 8.6 or any separate redemption agreement, and the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units of the same class held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Regency Centers Lp), Limited Partnership Agreement (Regency Realty Corp), Limited Partnership Agreement (Regency Centers Lp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 hereof as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article 11, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to effect a Consent or vote or effect a Redemption with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote or effect a Redemption, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Northstar Realty), Limited Partnership Agreement (Northstar Realty), Limited Partnership Agreement (Fortress Investment Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 11.03 above as a Substituted Limited Partner, as described in Section 11.411.04 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership partner interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, 8.06 hereof but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 5 contracts

Samples: Agreement of Limited Partnership (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Capital Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units of the same class or series held by Limited Partners are voted, to the extent such Partnership Units are entitled to vote on such matter). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Mid-America Apartments, L.P.), Limited Partnership Agreement (Colonial Realty Limited Partnership), Agreement of Limited Partnership (Colonial Properties Trust)

Assignees. If the General a Limited Partner, in its sole and absolute --------- discretion, does not consent to provide for the admission of any permitted transferee under Section 11.3 11.4(a) as a Substituted Limited Partner, as described in Section 11.4, --------------- ------------ such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Cabot Industrial Trust), Limited Partnership Agreement (Cabot Industrial Properties Lp), Limited Partnership Agreement (Cabot Industrial Properties Lp)

Assignees. If the General Partner, in Managing Member withholds its sole and absolute discretion, does not consent to for the admission of any permitted transferee under Section 11.3 as a Substituted Limited PartnerMember, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership membership interest under the Act, including the right to receive distributions from the Partnership Company and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Company attributable to the Partnership Membership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Membership Units provided in this Article 11, but shall not be deemed to be a holder of Partnership Membership Units for any other purpose under this AgreementAgreement (other than as expressly provided in Section 15.1 hereof with respect to a Qualifying Party that becomes a Tendering Party), and shall not be entitled to effect a Consent or vote with respect to such Partnership Membership Units in on any matter presented to the Limited Partners Non-Managing Members for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Limited Partners are votedAct, fully remaining with the transferor Member). If In the event that any such transferee desires to make a further assignment of any such Partnership Membership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner Non-Managing Member desiring to make an assignment of Partnership Membership Units.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (BrightSpire Capital, Inc.), Limited Liability Company Agreement (Colony NorthStar Credit Real Estate, Inc.), Master Combination Agreement (NorthStar Real Estate Income II, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not ’s consent to is required for the admission of any permitted transferee under Section 11.3 10.3 as a Substituted Limited Partner, as described in Section 11.410.4, and the General Partner withholds such consent, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article X, but shall not be deemed to be a holder of Partnership Units for any other purpose under this AgreementAgreement (other than as expressly provided in Section 14.1 with respect to a Qualifying Party that becomes a Tendering Party), and shall not be entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI X to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (Moelis & Co), Agreement of Limited Partnership (Moelis & Co), Agreement of Limited Partnership (Moelis & Co)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, then so long as the General Partner is not prohibiting the proposed transfer pursuant to Sections 11.3C, 11.3D or 11.3E (in which event the transfer shall be void ab initio and shall have no force or effect), such transferee shall be considered an Assignee for purposes of this Agreement, subject, however, to Section 11.6E hereof. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership OP Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.7 hereof, but shall not be deemed to be a holder of Partnership OP Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership OP Units in any matter presented to the Limited Partners for a vote (such Partnership OP Units being deemed to have been voted on such matter in the same proportion as all other Partnership OP Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership OP Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership OP Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (First Union Real Estate Equity & Mortgage Investments), Limited Partnership Agreement (Shelbourne Properties I Inc), Limited Partnership Agreement (Shelbourne Properties Ii Inc)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.)

Assignees. If the Managing General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Non- Managing General Partner, as described in Section 11.48.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Incomenet income, Net Lossesnet losses, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the interest in the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but except as otherwise provided herein shall not be deemed to be a holder of an interest in the Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Non-Managing General Partners for a vote (such interest in the Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units interests held by Limited Non-Managing General Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Unitsinterest in the Partnership, such transferee shall be subject to all of the provisions of this Article XI 8 to the same extent and in the same manner as any Limited Non-Managing General Partner desiring to make such an assignment of Partnership Unitsassignment.

Appears in 4 contracts

Samples: Partnership Agreement (Boston Properties Inc), Partnership Agreement (Boston Properties Inc), Partnership Agreement (Boston Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfit, Net LossesLoss and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to transfer the Limited Partners under Section 8.6Partnership Units in accordance with the provisions of this Article 11, but shall not be deemed to be a holder Holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote effect a Consent with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote (such Partnership Units being deemed right to have been voted on such matter in Consent to the same proportion as all other Partnership Units held extent provided by this Agreement or under the Act remaining with the transferor Limited Partners are votedPartner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Lamar Media Corp/De), Agreement of Limited Partnership (Hertz Group Realty Trust, Inc.), Limited Partnership Agreement (DiamondRock Hospitality Co)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 hereof as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article XI, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to effect a Consent or vote such Partnership Units in on any matter presented to the Limited Partners for approval or effect a vote (Redemption with respect to such Partnership Units being deemed (such right to have been voted on such matter Consent or vote or effect a Redemption, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (NorthStar Realty Europe Corp.), Agreement of Limited Partnership (NorthStar Realty Europe Corp.), Limited Partnership Agreement (NorthStar Asset Management Group Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Camden Property Trust), Agreement of Limited Partnership (Summit Properties Partnership L P), Contribution of Property and Sixth Amendment to Agreement of Limited Partnership (Beacon Properties Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, and any other items, gain, loss deduction, and Recapture Income credit of the Partnership attributable to the Partnership OP Units assigned to such transfereetransferee and, and as to the OP Units which were transferred to such Person in a manner permitted under this Agreement, shall have the rights granted to the and obligations set forth in Section 8.6 as though a Limited Partners under Section 8.6Partner, but shall not be deemed to be a holder of Partnership OP Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership OP Units in any matter presented to the Limited Partners for a vote (such Partnership OP Units being deemed deemed, to the extent permitted by law, to have been voted on such matter in the same proportion as all other Partnership OP Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership OP Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership OP Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Kramont Realty Trust), Agreement of Limited Partnership (Kramont Realty Trust), Merger Agreement (Kranzco Realty Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under but except as otherwise provided in Section 8.6, but 8.6.A hereof shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (CNL Income Mesa Del Sol, LLC), Limited Partnership Agreement (Catellus Development Corp), Limited Partnership Agreement (Loeb Realty Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, gain and loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to transfer the Limited Partners under Partnership Units provided in this Article 11, and the right of Redemption provided in Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote effect a Consent with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed to have been voted on such matter in Consent remaining with the same proportion as all other Partnership Units held by transferor Limited Partners are votedPartner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Parkway Properties Inc), Limited Partnership Agreement (Grove Real Estate Asset Trust), Limited Partnership Agreement (Arden Realty Group Inc)

Assignees. If the General Partner, in its sole and absolute reasonable discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the LP Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.7, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to there is no Partnership Board Approval for the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interest held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership UnitsInterest, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of his or its Partnership UnitsInterest.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, such transferee shall be considered an Assignee for purposes of this Agreement, subject, however, to Section 11.7 hereof. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.6 hereof, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Vornado Realty Trust), Limited Partnership Agreement (Vornado Realty Trust), Limited Partnership Agreement (Vornado Realty Lp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, 8.6 hereof but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Sl Green Realty Corp), Agreement of Limited Partnership (Sl Green Realty Corp), Agreement of Limited Partnership (Sl Green Realty Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not ’s consent to is required for the admission of any permitted transferee under Section 11.3 10.3 as a Substituted Limited Partner, as described in Section 11.410.4, and the General Partner withholds such consent, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article X, but shall not be deemed to be a holder of Partnership Units for any other purpose under this AgreementAgreement (other than as expressly provided in Article XIV with respect to a Qualifying Party that elects to Exchange), and shall not be entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI X to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Perella Weinberg Partners), Agreement of Limited Partnership (Perella Weinberg Partners), Business Combination Agreement (FinTech Acquisition Corp. IV)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interests held by Limited Partners are voted). If any such transferee Assignee desires to make a further assignment of any such Partnership UnitsInterest, such transferee Assignee and such transfer shall be subject to all of the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of assign his, her or its Partnership UnitsInterest.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Forest City Enterprises Inc), Limited Partnership Agreement (Forest City Realty Trust, Inc.), Limited Partnership Agreement (Forest City Realty Trust, Inc.)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner or Substituted Special Limited Partner, as applicable, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners and Special Limited Partner, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners and the Special Limited Partner are voted). If . (c) In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner or Special Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, or any transferee does not request admission as a Substituted Limited Partner, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners holding Units of the same class of Partnership Interests for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Host Hotels & Resorts L.P.), Limited Partnership Agreement (Host Hotels & Resorts L.P.), Agreement of Limited Partnership (Host Hotels & Resorts, Inc.)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner or Substituted Associate General Partner, as applicable, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners and Associate General Partner, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners and the Associate General Partner are voted). If . (c) In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner or Associate General Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Limited Partnership Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Additional Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Additional Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by the other Additional Limited Partners Partners, where applicable, are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Additional Limited Partner desiring to make an assignment of Partnership Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Lepercq Corporate Income Fund L P), Limited Partnership Agreement (Lexington Realty Trust), Merger Agreement (Lexington Realty Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership partner interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion manner as all other Partnership Units held CPT LP voted, or if CPT LP is not eligible to vote, then as recommended by Limited Partners are votedthe General Partner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units. The General Partner shall have no liability under any circumstances with respect to any Assignee as to which it does not have notice.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Camden Property Trust), Agreement of Limited Partnership (Camden Property Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interest held by Limited Partners are voted). If any such transferee Assignee desires to make a further assignment of any such Partnership UnitsInterest, such transferee Assignee and such transfer shall be subject to all of the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of assign his, her or its Partnership UnitsInterest.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Clipper Realty Inc.)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If . (c) In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (American Spectrum Realty Inc), Limited Partnership Agreement (Orion Multifamily Investment Fund Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Hammons John Q Hotels Lp), Limited Partnership Agreement (Capstar Hotel Co)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfit, Net LossesLoss and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to transfer the Limited Partners under Section 8.6Partnership Units in accordance with the provisions of this Article 11, but shall not be deemed to be a holder Holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote effect a Consent with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote (such Partnership Units being deemed right to have been voted on such matter in Consent to the same proportion as all other Partnership Units held extent provided by this Agreement or under the Act remaining with the transferor Limited Partners are votedPartner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Curbline Properties Corp.), Limited Partnership Agreement (Curbline Properties Corp.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under but except as otherwise provided in Section 8.6, but 8.6.A hereof shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (DiamondRock Hospitality Co), Limited Partnership Agreement (DiamondRock Hospitality Co)

Assignees. If (a) Other than with respect to Transfers of Class C Units, in which case the General PartnerPartner shall be deemed to have automatically consented to admit any Permitted Transferee as a Limited Partner in accordance with the terms hereof, in its sole and absolute discretion, if the General Partner does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4‎11.4, such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6Assignee, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee Assignee desires to make a further assignment of any such Partnership Units, such transferee Assignee shall be subject to all of the provisions of this Article XI ‎Article 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Transfer any Partnership Units.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Hospitality Investors Trust, Inc.), Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Net Property Gain, Net Property Loss, and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI ARTICLE 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (HappyNest REIT, Inc.), Limited Partnership Agreement (HappyNest REIT, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership partner interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLoss, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transfereeAssignee, the rights to transfer its Partnership Interest provided in this Article XI, and shall have the rights granted to the Limited Partners under right of Redemption provided in Section 8.6, but shall not be deemed to be a holder of Limited Partner for any purpose under this Agreement, and shall not be entitled to vote any Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter matters in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee Assignee desires to make a further assignment of any such Partnership Units, such transferee Assignee shall be subject to all of the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units. Neither the General Partner nor the Partnership shall have any liability or obligation with respect to any Assignee as to which it does not have notice.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Ventas, Inc.), Formation and Contribution Agreement (Nationwide Health Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as of a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter matters in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Pacific Gulf Properties Inc), Limited Partnership Agreement (Pacific Gulf Properties Inc)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Net Property Gain, Net Property Loss, and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (NY Residential REIT, LLC), Limited Partnership Agreement (NY Residential REIT, LLC)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.6 hereof, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI Section 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (CBL & Associates Limited Partnership), Agreement of Limited Partnership (CBL & Associates Limited Partnership)

Assignees. If the General Partnera Non-Managing Member, in its sole and absolute discretion, does not consent to provide for the admission of any permitted transferee under Section 11.3 11.4(a) as a Substituted Limited PartnerNon-Managing Member, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest Non-Managing Membership Interest under the Act, including the right to receive distributions from the Partnership Company and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Membership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Membership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Membership Units in any matter presented to the Limited Partners Non- Managing Members for a vote (such Partnership Membership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Membership Units held by Limited Partners Non-Managing Members are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Membership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner Non-Managing Member desiring to make an assignment of Partnership Membership Units.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.), Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Host Marriott Trust), Agreement of Limited Partnership (Host Marriott L P)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter matters in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Westfield America Inc), Limited Partnership Agreement (Westfield America Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted an Additional Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Additional Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Special Limited Partners or other Additional Limited Partners, where applicable, are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Additional Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Lexington Corporate Properties Trust), Agreement of Limited Partnership (Lexington Corporate Properties Trust)

Assignees. If the General PartnerManaging Member, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited PartnerMember, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership liability company interest under the Act, including the right to receive distributions from the Partnership Company and the share allocable shares of Net Income, Net LossesLosses and Recapture Income and all items of income, gain, loss loss, deduction and Recapture Income credit of the Company attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners Non-Managing Members under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Non-Managing Members for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners Non-Managing Members are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner Non-Managing Member desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust), Limited Liability Company Agreement (Jernigan Capital, Inc.)

Assignees. If the General PartnerManaging Member, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited PartnerMember, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership liability company interest under the Act, including the right to receive distributions from the Partnership Company and the share allocable shares of Net Income, Net Losses, gain, loss and Recapture Income and all items of income, gain, loss, deduction and credit of the Company attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners Non-Managing Member under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Non-Managing Member for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners Non-Managing Member are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner Non-Managing Member desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Contribution Agreement (Trizec Properties Inc), Limited Liability Company Agreement (Trizec Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, Partner does not consent to the admission of any permitted transferee Permitted Transferee under Section 11.3 hereof or Section 11.4 hereof as an Additional Limited Partner or a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Gross Income, Net Income, Net LossesLoss and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in this Article 11, but shall not be deemed to be a holder Holder of Partnership Units for any other purpose under this AgreementAgreement (other than as expressly provided in Section 8.6 hereof with respect to a Qualifying Party that becomes a Tendering Party), and shall not be entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (which such Partnership Units being deemed to have been voted on such matter in right shall remain with the same proportion as all other Partnership Units held by transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cornerstone Realty Income Trust Inc), Limited Partnership Agreement (Cornerstone Realty Income Trust Inc)

AutoNDA by SimpleDocs

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted an Additional Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners or other Limited Partners, where applicable, are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Lexington Realty Trust), Merger Agreement (Newkirk Master Lp)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner or Substituted Special General Partner, as applicable, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners and Special General Partner, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners and the Special General Partner are voted). If . (c) In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner or Special General Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Lightstone Value Plus Real Estate Investment Trust, Inc.), Agreement of Limited Partnership (Lightstone Value Plus Real Estate Investment Trust, Inc.)

Assignees. If the General PartnerManaging Member, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited PartnerNon-Managing Member, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership liability company interest under the Act, including the right to receive distributions from the Partnership Company and the share of Net Income, Net LossesLoss, gain, loss and Recapture Income attributable to the Partnership Membership Units assigned to such transferee, and shall have the rights granted to the Limited Partners Non-Managing Members under Section 8.6, but shall not be deemed to be a holder of Partnership Membership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Membership Units in any matter presented to the Limited Partners Non-Managing Members for a vote (such Partnership Membership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Membership Units held by Limited Partners Non-Managing Members are voted). If any such transferee desires to make a further assignment of any such Partnership Membership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner Non-Managing Member desiring to make an assignment of Partnership Membership Units.

Appears in 2 contracts

Samples: Operating Agreement (Broadstone Net Lease, Inc.), Operating Agreement (Broadstone Net Lease, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted be entitled to exercise Redemption Rights to the Limited Partners under extent granted in Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Cavanaughs Hospitality Corp), Agreement of Limited Partnership (Cavanaughs Hospitality Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.6 hereof, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Mendik Co Inc), Limited Partnership Agreement (Vornado Operating Co)

Assignees. If the General Partner, in its sole and absolute discretionBoard of Directors, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interest assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of a Partnership Units Interest for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interest in any matter presented to the Limited Partners for a vote (such Partnership Units Interest being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interest held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership UnitsInterest, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of his or its Partnership UnitsInterest.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Vinebrook Homes Trust, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Post Apartment Homes Lp), Limited Partnership Agreement (Post Apartment Homes Lp)

Assignees. If the Managing General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 hereof as a Substituted Limited Partner, as described in Section 11.411.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership partner interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, gain and loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to transfer the Limited Partners under Units provided in this Article 11, and the exchange rights provided in Section 8.68.6 hereof, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote effect a Consent of the Partners or Consent of the Limited Partners with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed to have been voted on such matter in Consent of the same proportion as all other Partnership Units held by Partners or Consent of the Limited Partners are votedremaining with the transferor Limited Partner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Prime Group Realty Trust), Agreement of Limited Partnership (Prime Group Realty Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 11.03 above as a Substituted Limited Partner, as described in Section 11.411.04 above, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, gain and loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, 8.06 hereof but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Lexington Strategic Asset Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 above as a Substituted Limited Partner, as described in Section 11.411.4 above, such transferee shall be considered an Assignee for purposes of this Agreement, subject, however, to Section 11.7 -53- 62 hereof. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.6 hereof, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Vornado Realty Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfit, Net Losses, Losses and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement except as otherwise provided in this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Healthcare Realty Holdings, L.P.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted a transferee under Section 11.3 as 11.4(a) is not a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to redeem or exchange Class A Limited Partnership Units for Shares or cash under Section 8.6, the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Prologis)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted a transferee under Section 11.3 as 11.4(a) is not a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to exchange Units for Shares under Section 4.2(b), the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Security Capital Atlantic Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.49.3(a), such transferee shall be considered an Assignee for all purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units Interests assigned to such transferee, it and shall have all of the rights Redemption Rights granted to the Limited Partners under Section 8.6by this Agreement attributable to such Partnership Interests, but shall not be deemed to be a holder of Partnership Units Interests for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units Interests in any matter presented to the Limited Partners for a vote (such Partnership Units Interests being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interests held by Limited Partners are voted). If In the event any such transferee Assignee desires to make a further assignment of any such Partnership UnitsInterests, such transferee Assignee shall be subject to all the provisions of this Article XI IX to the same extent and in the same manner as any a Limited Partner desiring to make an assignment of Partnership UnitsInterests.

Appears in 1 contract

Samples: Limited Partnership Agreement (Strategic Timber Trust Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, or under Section 11.6E, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Gadsden Growth Properties, Inc.)

Assignees. A. If the General PartnerPartner consents to a transfer of Partnership Interests, but, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfit, Net LossesLoss and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to transfer the Limited Partners under Section 8.6Partnership Units in accordance with the provisions of this Article 11, but shall not be deemed to be a holder Holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote effect a Consent with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote (such Partnership Units being deemed right to have been voted on such matter in Consent remaining with the same proportion as all other Partnership Units held by transferor Limited Partners are votedPartner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units or consent in any matter presented to the Limited Partners for a vote or consent (such Partnership Units being deemed to have been voted or consented on such matter in the same proportion as all other Partnership Units held by Limited Partners are votedvoted or consented). If In the event any such transferee desires to make a further assignment transfer of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment a transfer of Partnership Units.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Life Storage Lp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner or Substituted Preferred Limited Partner, as described in Section 11.411.4B, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership OP Units or the Preferred Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership OP Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units or a Preferred Limited Partner in any matter presented to the Limited Partners and Preferred Limited Partners for a vote (such Partnership OP Units and Preferred Units being deemed to have been voted on such matter in the same proportion as all other Partnership OP Units and Preferred Units held by Limited Partners and Preferred Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership OP Units or Preferred Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner or Preferred Limited Partner desiring to make an assignment of Partnership OP Units or Preferred Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ramco Gershenson Properties Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership partner interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and and, as applicable shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion manner as all other the Partnership Units held by Limited Partners are votedthe General Partner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units. The General Partner shall have no liability under any circumstances with respect to any Assignee as to which it does not have actual notice.

Appears in 1 contract

Samples: Limited Partnership Agreement (American Industrial Properties Reit Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.04, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under but except as otherwise provided in Section 8.6, but 8.06.A hereof shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (LNR Capital CORP)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under but except as otherwise provided in Section 8.6, but 8.6.A hereof shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Beacon Capital Partners Inc)

Assignees. (a) If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Net Property Gain, Net Property Loss, and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership 60 attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . (c) If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

Assignees. If the General a Limited Partner, in its sole and absolute discretion, does not consent to provide for the admission of any permitted transferee under Section 11.3 11.4(a) as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted, except for Partnership Units assigned by Mr. O. Xxxxxx Xxxxx or any of his Affiliates, which Partnership Units shall be entitled to be voted by such assignee in his, her or its discretion). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Mar Mar Realty Trust)

Assignees. If the General a Limited Partner, in its sole and absolute discretion, does not consent to provide for the admission of any permitted transferee under Section 11.3 11.4(a) as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Baron Capital Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted an Additional Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Actreceive, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Additional Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Special Limited Partners Partners, Property Limited Partners, Red Butte Limited Partners, Expansion Limited Partners, or other Additional Limited Partners, where applicable, are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Additional Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Lexington Corporate Properties Trust)

Assignees. If the General Partner, in its sole and absolute reasonable discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the LP Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Agreement of Limited Partnership (InfraREIT, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an Table of Contents assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLoss, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Merger Agreement (Parkway Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee of a Limited Partner shall be entitled to all the rights of an assignee of a limited partnership partner interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and and, as applicable shall have the rights granted to the such Limited Partners Partner under Section 8.68.6 (and be subject to the Call Right granted to the General Partner under Section 8.7), but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion manner as all other the Partnership Units held by Limited Partners are votedthe General Partner). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units. The General Partner shall have no liability under any circumstances with respect to any Assignee as to which it does not have actual notice.

Appears in 1 contract

Samples: Agreement of Limited Partnership (American Industrial Properties Reit Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLoss, Recapture Income, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cornerstone Properties Inc)

Assignees. (a) If the General PartnerManaging Member, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 Transferee other than a Permitted Transferee as a Substituted Limited PartnerSCI Member or Substituted CI Member, as described in Section 11.47.2(a), such transferee Transferee shall be considered an Assignee for purposes of this Agreement. Second Amendment. (b) An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership Company and the share of Net Income, Net LossesLosses and any other items, gain, loss deduction and Recapture Income credit of the Company attributable to the Partnership Units Interests assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6Assignee, but shall not be deemed to be a holder of Partnership Units Interests for any other purpose under this AgreementSecond Amendment, and shall not be entitled to vote such Partnership Units Interests in any matter presented to the Limited Partners Members for a vote (such Partnership Units Interests being deemed to have been voted on such matter in the same proportion as all other Partnership Units Interests held by Limited Partners Members are voted). If . (c) In the event any such transferee Transferee desires to make a further assignment of any such Partnership UnitsInterests, such transferee Transferee shall be subject to all of the provisions of this Article XI Seven to the same extent and in the same manner as any Limited Partner Member desiring to make an assignment of Partnership UnitsInterests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Chartermac)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent (and is not deemed to consent) pursuant to Section 11.4 to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transfereetransferee but not the right to Transfer the Partnership Units as otherwise provided in this Article 11, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this AgreementAgreement (other than for the purposes of the Partnership's call right pursuant to Section 8.7 or as otherwise expressly provided herein), and shall not be or entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in approval. In the same proportion as all other Partnership Units held by Limited Partners are voted). If event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (CRT Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 of any Partnership Interest as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net LossesLosses and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units only in accordance with the provisions of this Article XI, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to request a Redemption or effect a Consent or vote or with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote or effect a Redemption, to the extent provided in this Agreement or under the same proportion as all other Partnership Units held by Act, fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Aspen REIT, Inc.)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net IncomeProfits, Net Losses, and any other items, gain, loss deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under but except as otherwise provided in Section 8.6, but 8.6 hereof shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Macklowe Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.68.5, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Presidio Golf Trust)

Assignees. If the General Partner, in its sole and absolute discretion, does a transferee is not consent to the admission of any permitted transferee under Section 11.3 admitted as a Substituted Limited Partner, as described Partner in accordance with Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including (if applicable) the right to redeem Units under Section 8.6 or any separate redemption agreement, and the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Regency Realty Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Recapture Income, and any other items of gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Monarch Properties Inc)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.4, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, gain, loss and Recapture Income attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). If In the event any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Carramerica Realty Corp)

Assignees. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 1 1.3 hereof as a Substituted Limited Partner, as described in Section 11.41 1.4 hereof, such transferee shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Income and Net LossesLoss and other items of income, gain, loss loss, deduction and Recapture Income credit of the Partnership attributable to the Partnership Units assigned to such transferee, transferee and shall have the rights granted to Transfer the Limited Partners under Section 8.6Partnership Units provided in and not precluded by this Article I 1, but shall not be deemed to be a holder of Partnership Units for any other purpose under this AgreementAgreement (other d= as expressly provided in Section 8.6 hereof), and shall not be entitled to effect a Consent or vote with respect to such Partnership Units in on any matter presented to the Limited Partners for a vote approval (such Partnership Units being deemed right to have been voted on such matter Consent or vote, to the extent provided in and not precluded by in tills Agreement or under the same proportion as all other Partnership Units held by Act fully remaining with the transferor Limited Partners are votedPartner). If In the event that any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all the provisions of this Article XI I I to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Prologis Trust)

Assignees. a. If the General Partner, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under Section 11.3 as a Substituted Limited Partner, as described in Section 11.411.4(a), such transferee shall be considered an Assignee for purposes of this Agreement. . b. An Assignee shall be deemed to have had assigned to it, and shall be entitled to all the rights of an assignee of a limited partnership interest under the Act, including the right to receive distributions from the Partnership and the share of Net Income, Net Losses, Net Property Gain, Net Property Loss, Liquidating Gain and any other items of gain, loss and Recapture Income loss, deduction or credit of the Partnership attributable to the Partnership Units assigned to such transferee, and shall have the rights granted to the Limited Partners under Section 8.6, but shall not be deemed to be a holder of Partnership Units for any other purpose under this Agreement, and shall not be entitled to vote such Partnership Units in any matter presented to the Limited Partners Partners, for a vote (such Partnership Units being deemed to have been voted on such matter in the same proportion as all other Partnership Units held by Limited Partners are voted). . c. If any such transferee desires to make a further assignment of any such Partnership Units, such transferee shall be subject to all of the provisions of this Article XI 11 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of Partnership Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Phillips Edison & Company, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!