Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Units.
Appears in 15 contracts
Samples: Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.), Performance Based Ltip Unit Agreement (SmartStop Self Storage REIT, Inc.), Time Based Ltip Unit Agreement (SmartStop Self Storage REIT, Inc.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP Profits Interest Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Profits Interest Units.
Appears in 10 contracts
Samples: Profits Interest Units Agreement (Vinebrook Homes Trust, Inc.), Profits Interest Units Agreement (Vinebrook Homes Trust, Inc.), Profits Interest Units Agreement (Vinebrook Homes Trust, Inc.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP OPP Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP OPP Units.
Appears in 6 contracts
Samples: Opp Performance Unit Agreement (Rexford Industrial Realty, Inc.), Opp Unit Agreement (Hudson Pacific Properties, L.P.), Opp Unit Agreement (Hudson Pacific Properties, L.P.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP Class A Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Class A Units.
Appears in 5 contracts
Samples: Class a Performance Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.), Class a Performance Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.), Class a Performance Ltip Unit Agreement (Xenia Hotels & Resorts, Inc.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its his or her receipt of the LTIP Units shall be equal to zero, unless the Participant was a Partner in Member of the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the LTIP Units.
Appears in 5 contracts
Samples: Retentive Ltip Unit Agreement (Healthpeak Properties, Inc.), Retentive Ltip Unit Agreement (Healthpeak Properties, Inc.), Retentive Ltip Unit Agreement (Healthpeak Properties, Inc.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP Performance Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Performance Units.
Appears in 4 contracts
Samples: Performance Unit Agreement (Hudson Pacific Properties, L.P.), Performance Unit Agreement (Hudson Pacific Properties, L.P.), Performance Unit Agreement (Hudson Pacific Properties, L.P.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP Class D Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Class D Units.
Appears in 4 contracts
Samples: Class D Profits Interest Unit Agreement (Digital Realty Trust, L.P.), Class D Profits Interest Unit Agreement (Digital Realty Trust, L.P.), Class D Profits Interest Unit Agreement (Digital Realty Trust, L.P.)
Capital Account. The Participant shall make no contribution of capital to the Operating Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Operating Partnership immediately after its receipt of the LTIP Units shall be equal to zero, unless the Participant was a Partner in the Operating Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Units.
Appears in 3 contracts
Samples: Outperformance Award Agreement (Invitation Homes Inc.), Outperformance Award Agreement (Invitation Homes Inc.), Outperformance Award Agreement
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its his or her receipt of the LTIP Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the LTIP Units.
Appears in 3 contracts
Samples: Performance Based Ltip Unit Agreement (Lineage, Inc.), Ltip Unit Agreement (Lineage, Inc.), Ltip Unit Agreement (Mobile Infrastructure Corp)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its his or her receipt of the Performance LTIP Units shall be equal to zero, unless the Participant was a Partner in Member of the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the Performance LTIP Units.
Appears in 3 contracts
Samples: 3 Year Performance Based Ltip Unit Agreement (Healthpeak Properties, Inc.), 3 Year Performance Based Ltip Unit Agreement (Healthpeak Properties, Inc.), 3 Year Performance Based Ltip Unit Agreement (Healthpeak Properties, Inc.)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of attributable to the AO LTIP Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Units.
Appears in 2 contracts
Samples: Ao Ltip Unit Award Agreement (Silver Star Properties Reit, Inc), Ao Ltip Unit Award Agreement (Silver Star Properties Reit, Inc)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its his or her receipt of the LTIP Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the LTIP Units.
Appears in 1 contract
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its his or her receipt of the LTIP Profits Interest Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the LTIP Profits Interest Units.
Appears in 1 contract
Samples: Profits Interest Units Agreement (Parkway Properties Inc)
Capital Account. The Participant shall make no contribution of capital to the Partnership LLC in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership LLC immediately after its his or her receipt of the LTIP Units shall be equal to zero, unless the Participant was a Partner Member in the Partnership LLC prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the LTIP Units.
Appears in 1 contract
Samples: Ltip Unit Award Agreement (Fifth Wall Acquisition Corp. III)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award andAward, and as a result, the Participant’s Capital Account balance in the Partnership immediately after its his or her receipt of the LTIP Profits Interest Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its his or her receipt of the LTIP Profits Interest Units.
Appears in 1 contract
Samples: Profits Interest Units Agreement (Parkway Properties Inc)
Capital Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the LTIP Profits Interest Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the LTIP Profits Interest Units.
Appears in 1 contract
Samples: Profits Interest Units Agreement (Digital Realty Trust, Inc.)
