Capital Contributions of the Partners. Upon the Effective Date, the Partners made Capital Contributions as set forth in Exhibit A to this Agreement. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s Percentage Interest. Except as provided in Sections 4.5 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)
Capital Contributions of the Partners. Upon At the Effective Datetime of their respective execution of this Agreement, (i) the Partners shall make or shall have made Capital Contributions Contributions, (ii) the Partners shall own Partnership Units, and (iii) the Partners shall have Percentage Interests in the Partnership, all as set forth in Exhibit A to this Agreement. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership A. The Percentage Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units, Units or similar events having an effect on a Partner’s Percentage Interest. Except To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or any of its Subsidiaries, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership or any Subsidiary shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in the books and records of the Partnership. One thousand (1,000) Partnership Units shall be deemed to be the General Partner’s Partnership Units and shall be the General Partnership Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership. Except as required by law, as otherwise provided in Sections 4.3, 4.4, 4.5 and 10.5, or as otherwise agreed to by a Partner and the Partners Partnership, no Partner shall have no obligation be required or permitted to make any additional Capital Contributions or loans to the Partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Tarantula Ventures LLC), Limited Partnership Agreement (Dupont Fabros Technology, Inc.)
Capital Contributions of the Partners. Upon At the Effective Datetime of the execution of this agreement, the Partners made shall make the Capital Contributions as set forth in Exhibit A to this Agreement. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A A, as amendedamended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership UnitsUnits (pursuant to any merger or otherwise), or similar events having an effect on a any Partner’s 's Percentage Interest. The number of Partnership Units held by the General Partner, in its capacity as general partner, (equal to one percent (1%) of all outstanding Partnership Units from time to time)shall be deemed to be the General Partner Interest. Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Vinings Investment Properties Trust/Ga)
Capital Contributions of the Partners. Upon On the Effective Date, the Partners made the Capital Contributions as set forth in Exhibit A to this Agreementthe Partner Register. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A the Partner Register, as amendedamended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth in Exhibit A the Partner Register and shall have a Percentage Interest in the Partnership as set forth in Exhibit Athe Partner Register, which Percentage Interest shall be adjusted in Exhibit A the Partner Register from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s 's Percentage Interest. A number of Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units shall be deemed to be the General Partner Partnership Units and shall be the General Partnership Interest. Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Carramerica Realty Corp)
Capital Contributions of the Partners. Upon The Partners have made the Effective Date, the Partners made Capital Contributions as set forth in Exhibit A the agreements pursuant to this Agreementwhich the OP Units were originally issued as reflected in the books and records of the Partnership. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amendedagreement. The Partners Each Partner shall own Partnership OP Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership Units, OP Units or similar events having an effect on a any Partner’s 's Percentage Interest. The number of OP Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Meristar Hospitality Corp)
Capital Contributions of the Partners. Upon At the Effective Datetime of the execution of this agreement, the Partners made shall make the Capital Contributions as set forth in Exhibit A to this Agreement. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A A, as amendedamended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership UnitsUnits (pursuant to any merger or otherwise), or similar events having an effect on a any Partner’s 's Percentage Interest. The number of Partnership Units held by the General Partner, in its capacity as general partner, (equal to one percent (1%) of all outstanding Partnership Units from time to time) shall be deemed to be the General Partner Interest. Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Vinings Investment Properties Trust/Ga)
Capital Contributions of the Partners. Upon At the Effective Datetime of the execution of this Agreement, the Partners shall make or shall have made the Capital Contributions as set forth in Exhibit A. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to this Agreementtime by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner's Percentage Interest. To the extent the Partnership acquires after the date of this Agreement is acquiring any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended. A. The Partners shall own number of Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time held by the General Partner equal to one percent (1%) of all outstanding Partnership Units (as of the extent necessary Effective Date) shall be deemed to reflect accurately exchanges, redemptions, Capital Contributions, be the issuance General Partner Partnership Units and shall be the General Partnership Interest of additional Partnership Units, or similar events having an effect on a Partner’s Percentage Interest. Except as provided in Sections 4.5 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.General
Appears in 1 contract
Samples: Limited Partnership Agreement (National Health Realty Inc)
Capital Contributions of the Partners. Upon the Effective Date, the The Partners made have made: (i) certain Capital Contributions as set forth in Exhibit A to the Partnership; and (ii) certain capital contributions to MeriStar H & R Operating Company II, L.P. (which capital contributions shall be deemed to be Capital Contributions for purposes of this Agreement). To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A A, as amendedamended to reflect such deemed Capital Contributions. The Partners shall own Partnership Units in the amounts as set forth in Exhibit A and shall have a Percentage Interest Interests in the Partnership as set forth in Exhibit A, which Percentage Interest Interests shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to accurately reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership Units, or similar events having an effect on a Partner’s 's Percentage Interest. A number of Partnership Units held by the General Partner equal to one percent (1%) of all outstanding Partnership Units (other than Preferred Units) shall be the General Partner Interest. Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Meristar Hotels & Resorts Inc)
Capital Contributions of the Partners. Upon At the Effective Datetime of the execution of this Agreement, the Partners shall make or shall have made the Capital Contributions as set forth in Exhibit A. The Partners shall own Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to this Agreementtime by the General Partner to the extent necessary to reflect accurately redemptions, Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on a Partner's Percentage Interest. To the extent the Partnership acquires after the date of this Agreement is acquiring any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended. A. The Partners shall own number of Partnership Units in the amounts set forth in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time held by the General Partner equal to one percent (1%) of all outstanding Partnership Units (as of the extent necessary closing date of the Effective Date) shall be deemed to reflect accurately exchanges, redemptions, Capital Contributions, be the issuance General Partner Partnership Units and shall be the General Partnership Interest of additional Partnership Units, or similar events having an effect on a Partner’s Percentage Interest. Except as provided in Sections 4.5 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.General
Appears in 1 contract
Samples: Limited Partnership Agreement (National Health Realty Inc)
Capital Contributions of the Partners. Upon At the Effective Datetime of the execution of this Agreement, the Partners made shall make the Capital Contributions contemplated by the Master Agreement as set forth in Exhibit A to this Agreement. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amended. The Partners shall own Partnership OP Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, additional Capital Contributions, the issuance of additional Partnership Units, OP Units or similar events having an effect on a any Partner’s Percentage Interest, including the admission of additional Limited Partners pursuant to Section 15.13 hereof. The Partners hereby acknowledge and agree that the Percentage Interests of the Partners following the mergers contemplated by Section 15.13 shall be set forth on the First Amendment to Exhibit A to this Agreement. The number of OP Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Ramco Gershenson Properties Trust)
Capital Contributions of the Partners. Upon the Effective Date, the The Partners have made Capital Contributions to the Partnership as set forth in Exhibit A to this Agreementthe books and records of the Partnership. To the extent the Partnership acquires after the date of this Agreement any property by the merger of any other Person into the Partnership, Persons who receive Partnership Interests in exchange for their interests in the Person merging into the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement and as set forth in Exhibit A as amendedthe books and records of the Partnership. The Partners shall own Partnership Units in the amounts set forth in Exhibit A for such Partner and shall have a Percentage Interest in the Partnership as set forth in Exhibit Athe Partner Registry, which Percentage Interest shall be adjusted in Exhibit A the Partner Registry from time to time by the General Partner to the extent necessary to reflect accurately exchanges, redemptions, Capital Contributions, the issuance of additional Partnership UnitsUnits (pursuant to any merger or otherwise), or similar events having an effect on a any Partner’s Percentage Interest. The number of Partnership Units held by the General Partner shall be deemed to be the General Partner Interest (currently equal to one percent (1%) of all outstanding Partnership Units and as adjusted from time to time; provided, however, that the General Partner’s Interest shall not be reduced below one percent (1%) so long as any financing arrangement of which the Partnership is a party requires the General Partner Interest to be at least one percent (1%)). Except as provided in Sections 4.5 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or loans to the Partnership.
Appears in 1 contract