Common use of Conversion to OP Units Clause in Contracts

Conversion to OP Units. Unrestricted Class B Units are eligible to be converted into OP Units in accordance with Section 16.4 hereof.

Appears in 36 contracts

Samples: Merger Agreement, Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.), Agreement of Limited Partnership (American Finance Trust, Inc)

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Conversion to OP Units. Unrestricted Class B Units are eligible to be converted into Class A OP Units in accordance with Section 16.4 hereof.

Appears in 5 contracts

Samples: Limited Partnership Agreement (NexPoint Hospitality Trust, Inc.), Limited Partnership Agreement (Nexpoint Multifamily Realty Trust, Inc.), Limited Partnership Agreement (Carter Validus Mission Critical REIT II, Inc.)

Conversion to OP Units. Unrestricted Class B Units are eligible to be converted into OP Units in accordance with Section 16.4 hereof.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Phillips Edison & Company, Inc.), Limited Partnership Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.)

Conversion to OP Units. Unrestricted Class B M Units are eligible to be converted into OP Units in accordance with Section 16.4 15.4 hereof.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Retail Properties Trust V, Inc.)

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Conversion to OP Units. Unrestricted Class B C Units are eligible to be converted into OP Units in accordance with Section 16.4 17.4 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Phillips Edison & Company, Inc.)

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