Common use of Certificates Describing Partnership Units Clause in Contracts

Certificates Describing Partnership Units. At the request of a Limited Partner, the General Partner may, at its option and in its discretion, issue a certificate summarizing the terms of such Limited Partner’s interest in the Partnership, including the number of Partnership Units owned as of the date of such certificate. If issued, any such certificates (a) shall be in form and substance as approved by the General Partner, (b) shall not be negotiable, and (c) shall bear a legend substantially similar to the following: “This certificate is not negotiable. The Partnership Units represented by this certificate are governed by and transferable only in accordance with the provisions of the Agreement of Limited Partnership of Xxxx Operating Partnership V, LP, as amended from time to time. The Partnership Units evidenced hereby have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state, and may not be sold, transferred, or otherwise disposed of in the absence of such registration, unless the transferor delivers to the Partnership an opinion of counsel, in form and substance satisfactory to the Partnership, to the effect that the proposed sale, transfer or other disposition may be effected without registration under the Securities Act and under applicable state securities or “Blue Sky” laws.”

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cole Credit Property Trust V, Inc.), Limited Partnership Agreement (Cole Credit Property Trust V, Inc.)

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Certificates Describing Partnership Units. At the request of a Limited Partner, the General Partner may, at its option and in its sole and absolute discretion, issue a certificate summarizing the terms of such Limited Partner’s interest in the Partnership, including the number of Partnership Units owned as of the date of such certificate. If issued, any such certificates (a) shall be in form and substance as approved by the General Partner, (b) shall not be negotiable, and (c) shall bear a legend substantially similar to the following: “This certificate is not negotiable. The Partnership Units represented by this certificate are governed by and transferable only in accordance with the provisions of the Agreement of Limited Partnership of Xxxx Corporate Income Operating Partnership VIII, LP, as amended from time to time. The Partnership Units evidenced hereby have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state, and may not be sold, transferred, or otherwise disposed of in the absence of such registration, unless the transferor delivers to the Partnership an opinion of counsel, in form and substance satisfactory to the Partnership, to the effect that the proposed sale, transfer or other disposition may be effected without registration under the Securities Act and under applicable state securities or “Blue Sky” laws.”

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cole Office & Industrial REIT (CCIT III), Inc.), Limited Partnership Agreement (Cole Office & Industrial REIT (CCIT III), Inc.)

Certificates Describing Partnership Units. At the request of a Limited Partner, the General Partner may, at its option and in its sole and absolute discretion, issue a certificate summarizing the terms of such Limited Partner’s interest in the Partnership, including the number and class of Partnership Units owned as of the date of such certificate. If issued, any such certificates (a) shall be in form and substance as #96603748v1 approved by the General Partner, (b) shall not be negotiable, negotiable and (c) shall bear a legend substantially similar to the following: “This certificate is not negotiable. The Partnership Units represented by this certificate are governed by by, and are transferable only in accordance with with, the provisions of the Second Amended and Restated Agreement of Limited Partnership of Xxxx Operating Partnership V, Uniti Group LP, as amended from time to time. The Partnership Units evidenced hereby have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state, and may not be sold, transferred, or otherwise disposed of in the absence of such registration, unless the transferor delivers to the Partnership an opinion of counsel, in form and substance satisfactory to the Partnership, to the effect that the proposed sale, transfer or other disposition may be effected without registration under the Securities Act and under applicable state securities or “Blue Sky” laws.”

Appears in 1 contract

Samples: Limited Partnership Agreement (Uniti Group Inc.)

Certificates Describing Partnership Units. At the request of a Limited Partner, the General Partner may, at its option and in its sole and absolute discretion, issue a certificate summarizing the terms of such Limited Partner’s interest in the Partnership, including the number and class of Partnership Units owned as of the date of such certificate. If issued, any such certificates (a) shall be in form and substance as approved by the General Partner, (b) shall not be negotiable, negotiable and (c) shall bear a legend substantially similar to the following: “This certificate is not negotiable. The Partnership Units represented by this certificate are governed by by, and are transferable only in accordance with with, the provisions of the Amended and Restated Agreement of Limited Partnership of Xxxx Operating Partnership V, Uniti Group LP, as amended from time to time. The Partnership Units evidenced hereby have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state, and may not be sold, transferred, or otherwise disposed of in the absence of such registration, unless the transferor delivers to the Partnership an opinion of counsel, in form and substance satisfactory to the Partnership, to the effect that the proposed sale, transfer or other disposition may be effected without registration under the Securities Act and under applicable state securities or “Blue Sky” laws.”

Appears in 1 contract

Samples: Limited Partnership Agreement (Uniti Group Inc.)

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Certificates Describing Partnership Units. At the request of a Limited Partner, the General Partner mayPartner, at its option and in its discretionoption, may issue a certificate summarizing the terms of such Limited Partner’s interest in the Partnership, including the number and Class of Partnership Units owned and the Percentage Interest represented by such Partnership Units as of the date of such certificate. If issued, any Any such certificates certificate (ai) shall be in form and substance as approved by the General Partner, (bii) shall not be negotiable, negotiable and (ciii) shall bear a legend substantially similar to the followingfollowing effect: THIS CERTIFICATE IS NOT NEGOTIABLE. THE PARTNERSHIP UNITS REPRESENTED BY THIS CERTIFICATE ARE GOVERNED BY AND TRANSFERABLE ONLY IN ACCORDANCE WITH THE PROVISIONS OF THE FIFTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF GRT OP, L.P., AS AMENDED FROM TIME TO TIME. 6. Unless amended herein, all other terms and conditions of the Agreement shall remain in full force and effect. This certificate is not negotiableAmendment may be executed by facsimile or other electronic transmission. 7. The Partnership Units represented by this certificate are governed by This Amendment shall be construed and transferable only enforced in accordance with and governed by the provisions laws of the Agreement State of Limited Partnership of Xxxx Operating Partnership VDelaware, LP, as amended from time to time. The Partnership Units evidenced hereby have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state, and may not be sold, transferred, or otherwise disposed of in the absence of such registration, unless the transferor delivers without regard to the Partnership an opinion principles of counsel, in form and substance satisfactory to the Partnership, to the effect that the proposed sale, transfer or other disposition may be effected without registration under the Securities Act and under applicable state securities or “Blue Sky” lawsconflicts of law.

Appears in 1 contract

Samples: Limited Partnership Agreement (Griffin Realty Trust, Inc.)

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