Common use of Distributions in Kind Clause in Contracts

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.

Appears in 59 contracts

Samples: Agreement of Limited Partnership (Steadfast Apartment REIT, Inc.), Limited Partnership Agreement (Digital Realty Trust, L.P.), Agreement of Limited Partnership (Digital Realty Trust, L.P.)

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Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cashcash as provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind of Partnership assets to the Partners of Partnership assetsHolders, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5V, 6 VI and 10X hereof.

Appears in 33 contracts

Samples: Limited Partnership Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Agreement of Limited Partnership, Limited Partnership Agreement (Ready Capital Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner Unitholder to demand and receive property other than cashcash as provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind of Partnership assets to the Partners of Partnership assetsUnitholders, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1010 hereof.

Appears in 13 contracts

Samples: Limited Partnership Agreement (Newkirk Realty Trust, Inc.), Limited Partnership Agreement (Meruelo Maddux Properties, Inc.), Agreement of Limited Partnership (Arbor Realty Trust Inc)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partner shall distribute only cash to the Series B Limited Partners, the Series J Limited Partners and the Series K Limited Partners.

Appears in 7 contracts

Samples: Agreement of Limited Partnership (Amb Property Corp), Agreement of Limited Partnership (Amb Property Corp), Agreement of Limited Partnership (Amb Property Lp)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partner shall distribute only cash to the Series J Limited Partners and the Series K Limited Partners.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and or receive property other than cashcash as provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind of Partnership assets to the Partners of Partnership assetsPartners, and such Partnership assets shall be distributed in such a fashion as to ensure that the fair market value (as determined in good faith by the General Partner) thereof is distributed and allocated in accordance with Articles 5, 6 this Article 4 and 10Article 5 and Article 8.

Appears in 5 contracts

Samples: Limited Partnership Agreement (StepStone Group Inc.), Limited Partnership Agreement (StepStone Group Inc.), Transaction Agreement (StepStone Group Inc.)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner Holder to demand and receive property other than cashcash as provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind of Partnership assets or Partnership Units to the Partners of Partnership assetsHolders, and such assets or Partnership Units shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.13 hereof;

Appears in 5 contracts

Samples: Limited Partnership Agreement (CoreSite Realty Corp), Limited Partnership Agreement (CoreSite Realty Corp), Limited Partnership Agreement (CoreSite Realty Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than or cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1013.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1013.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Excel Trust, Inc.), Limited Partnership Agreement (Shearson American REIT, Inc.), Limited Partnership Agreement (Excel Trust, Inc.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than or cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value of such assets is distributed and allocated in accordance with Articles 5, 6 and 10Section 8.1 hereof.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Philips International Realty Corp), Agreement of Limited Partnership (Cali Realty Corp /New/), Limited Partnership Agreement (Philips International Realty Corp)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind of Partnership assets to the Partners holders of Partnership assetsInterests, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in the same manner as a cash distribution in accordance with Articles 5V, 6 VI and 10XIII hereof. Notwithstanding anything to the contrary herein, no Partner shall be entitled to demand property other than cash in connection with any distributions by the Partnership.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Parkway, Inc.), Limited Partnership Agreement (Cousins Properties Inc), Limited Partnership Agreement (Parkway, Inc.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.

Appears in 4 contracts

Samples: Partnership Agreement (Thomas Properties Group Inc), Limited Partnership Agreement (Digital Realty Trust, Inc.), Agreement of Limited Partnership (Digital Realty Trust, Inc.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretiondiscretion but subject to the rights of Preferred Limited Partner Interests, to make a distribution in-in kind to the General Partner and the Common Limited Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1010 hereof.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Iac Capital Trust), Limited Partnership Agreement (Irvine Co Et Al), Limited Partnership Agreement (Irvine Apartment Communities L P)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (Prologis, L.P.), Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Parkway Properties Inc), Limited Partnership Agreement (Arden Realty Group Inc), Limited Partnership Agreement (Kilroy Realty Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cashcash as provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind of Partnership assets to the Partners Holders of Partnership assetsUnits, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5V, 6 VI and 10.X.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.as

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Amb Property Corp), Limited Partnership Agreement (Amb Property Corp), Agreement of Limited Partnership (Amb Property Corp)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series B Limited Partners.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)

Distributions in Kind. Except as expressly provided herein, no No Partner has any right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 5 and 106.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Ps Business Parks Inc/Ca), Limited Partnership Agreement (Public Storage Properties Xi Inc), Limited Partnership Agreement (Public Storage Properties Xi Inc)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than or cash. The Managing General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is such assets are distributed and allocated in accordance with Articles 5, 6 and 1010 hereof based on the fair market value of such assets on the date of such distribution.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Prime Group Realty Trust), Agreement of Limited Partnership (Prime Group Realty Trust)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1013.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Tarantula Ventures LLC), Limited Partnership Agreement (Dupont Fabros Technology, Inc.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretionwith the Consent of the Class A Limited Partners, to make a distribution in-in kind to the Partners holders of Partnership Units of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 V and 10VI hereof. The fair market value of any Property distributed in kind shall be determined by the General Partner with the Consent of the Class A Limited Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Ventas, Inc.), Formation and Contribution Agreement (Nationwide Health Properties Inc)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than or cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, assets and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1013.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cedar Shopping Centers Inc), Limited Partnership Agreement (Cedar Income Fund LTD)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series A Limited Partners, the Series G Partner and the Series H Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Kilroy Realty, L.P.), Agreement of Limited Partnership (Kilroy Realty, L.P.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series C Limited Partners, the Series D Limited Partners and the Series E Limited Partners.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in -------- ------- such case, the General Partner shall distribute only cash to the Series A Limited Partners.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (National Golf Properties Inc), Limited Partnership Agreement (National Golf Properties Inc)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series C Limited Partners and the Series D Limited Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Amb Property Lp), Limited Partnership Agreement (Amb Property Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partner shall distribute only cash to the Series D Limited Partners and Series I Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Amb Property Corp)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partner shall distribute only cash to the Series B Limited Partners and the Series J Limited Partners.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Amb Property Corp)

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Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than or cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is such assets are distributed and allocated in accordance with Articles 5, 6 and 1010 hereof based on the fair market value of such assets on the date of such distribution.

Appears in 1 contract

Samples: Limited Partnership Agreement (Prime Group Realty Trust)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, agree to make a distribution in-in kind to the Partners of Partnership assetsproperty, and such assets property shall be distributed in such a fashion as to ensure that the fair market value Fair Market Value is distributed and allocated in accordance with Articles 5, 6 and 1013.

Appears in 1 contract

Samples: Limited Partnership Agreement (Bellingham II Associates, L.L.C.)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand --------------------- and receive property other than or cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value of such assets is distributed and allocated in accordance with Articles 5, 6 and 10Section 8.1 hereof.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Reckson Associates Realty Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 5 and 106.

Appears in 1 contract

Samples: Agreement to Contribute Capital and Escrow Instructions (Arden Realty Inc)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partner shall distribute only cash to any Preferred Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Amb Property Lp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than or cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value of such assets is distributed distri buted and allocated in accordance with Articles 5, 6 and 10Section 8.1 hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Mack Cali Realty Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cashcash as and to the extent provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind of Partnership assets to the Partners of Partnership assetsPartners, and such assets shall be distributed in such a fashion as to ensure that the fair market value thereof is distributed and allocated in accordance with Articles 5VI and VII hereof, 6 and 10as amended from time to time.

Appears in 1 contract

Samples: Limited Partnership Agreement (Pennsylvania Real Estate Investment Trust)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series A Limited Partners.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Kilroy Realty Corp)

Distributions in Kind. Except as expressly provided hereinin Section 8.7 or Section 13.2, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, with the Consent of a Majority in its sole and absolute discretionInterest of the Limited Partners, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 5 and 106.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Pan Pacific Retail Properties Inc)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner Holder to demand and receive property other than cashcash as provided in this Agreement. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind of Partnership assets to the Partners of Partnership assetsHolders, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5V, 6 VI and 10XIII of this Agreement.

Appears in 1 contract

Samples: Agreement of Limited Partnership (NewLake Capital Partners, Inc.)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partner shall distribute only cash to the Series A Limited Partners and to the Series B Limited Partners.

Appears in 1 contract

Samples: Agreement of Limited Partnership (National Golf Properties Inc)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to ---------------------- demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assetsassets (including, without limitation, the Securities), and such assets shall be distributed in such a fashion as to ensure that the fair market value Fair Value is distributed and allocated in accordance with Sections 3.8, 10.1, 10.3 and 10.4 and Articles 5, 6 5 and 106.

Appears in 1 contract

Samples: Limited Partnership Agreement (Pavia Kenneth W Sr)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10.. Table of Contents

Appears in 1 contract

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

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 5 and 6 and 10hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kimco Realty Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series C Limited Partners.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Amb Property Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 1010 ; provided, however, that, in such case, the General Partner shall distribute only cash to the Series B Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Arden Realty Inc)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that the General Partners shall not distribute assets other than cash to the Series A Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kilroy Realty Corp)

Distributions in Kind. Except as expressly provided herein, no right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretion, to make a distribution in-in kind to the Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 6 and 10; provided, however, that, in such case, the General Partners shall distribute only cash to the Series A Limited Partners or Series C Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kilroy Realty Corp)

Distributions in Kind. Except as expressly provided herein, no No right is given to any Partner to demand and receive property other than cash. The General Partner may determine, in its sole and absolute discretiondiscretion but subject to the rights of Preferred Limited Partner Interests, to make a distribution in-in kind to the General Partner and the Common Limited Partners of Partnership assets, and such assets shall be distributed in such a fashion as to ensure that the fair market value is distributed and allocated in accordance with Articles 5, 5 and 6 and 10hereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Berkshire Income Realty Inc)

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