Common use of Basic Restriction Clause in Contracts

Basic Restriction. No Person (other than the General Partner and the wholly owned subsidiaries (direct and indirect) of the General Partner) may Constructively Own more than 4.9% by value of any class of Partnership Interests (the "Ownership Limitation").

Appears in 2 contracts

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

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Basic Restriction. No Person (other than the General Partner and the wholly owned subsidiaries (direct and indirect) of the General Partner) may Constructively Own more than 4.9% by value of any class of Partnership Interests (the "β€œOwnership Limitation"”).

Appears in 2 contracts

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

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Basic Restriction. No Person (other than the General Partner and ----------------- the wholly owned subsidiaries (direct and indirect) of the General Partner) may Constructively Own more than 4.9% by value of any class of Partnership Interests (the "Ownership Limitation").

Appears in 2 contracts

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

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