Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect shall be issued to the General Partner, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.
Appears in 9 contracts
Samples: Limited Partnership Agreement (Arbor Realty Trust Inc), Agreement of Limited Partnership (Arbor Realty Trust Inc), Agreement of Limited Partnership (Hilltop Holdings Inc.)
Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect shall be issued to the General PartnerPartner and the Special Limited Partner (and between the General Partner and the Special Limited Partner in proportion to their ownership of Partnership Common Units immediately preceding such conversion), and the Percentage Interests of the General Partner and the Limited Partners (including the Special Limited Partner) shall be adjusted to reflect such conversion.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Aimco Properties L.P.), Limited Partnership Agreement (Apartment Investment & Management Co), Limited Partnership Agreement (Apartment Investment & Management Co)
Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect shall be issued to the General Partner, and the Percentage Interests of the General Partner and the Limited Partners (including the Special Limited Partner) shall be adjusted to reflect such conversion.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Northstar Capital Investment Corp /Md/), Limited Partnership Agreement (Fortress Investment Corp), Agreement of Limited Partnership (Newcastle Investment Corp)
Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect shall be issued to the General PartnerCompany, and the Percentage Interests of the General Partner Company and the other Limited Partners shall be adjusted to reflect such conversion.
Appears in 3 contracts
Samples: Limited Partnership Agreement (NorthStar Realty Europe Corp.), Agreement of Limited Partnership (NorthStar Realty Europe Corp.), Limited Partnership Agreement (Northstar Realty Finance Corp.)
Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Company Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Company Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect shall be issued to the General Partner, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.
Appears in 1 contract
Samples: Limited Partnership Agreement (NorthStar Asset Management Group Inc.)
Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect shall be issued to the General Special Limited Partner, and the Percentage Interests of the General Partner and the Limited Partners (including the Special Limited Partner) shall be adjusted to reflect such conversion.
Appears in 1 contract
Conversion of Junior Shares. If, at any time, any of the Junior Shares are converted into REIT Common Shares, in whole or in part, then a number of Partnership Common Units equal to (i) the number of REIT Common Shares issued upon such conversion divided by (ii) the Adjustment Redemption Factor then in effect shall be issued to the General Partner, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.
Appears in 1 contract
Samples: Limited Partnership Agreement (Newkirk Realty Trust, Inc.)
