Common use of Distributions on OP Units held by General Partner Clause in Contracts

Distributions on OP Units held by General Partner. Notwithstanding anything to the contrary herein, distributions on OP Units held by the General Partner may be made, without preserving the priority of distributions described in Section 17.3(c)(i) and (ii), but only to the extent such distributions are required to preserve the real estate investment trust status of the General Partner.

Appears in 4 contracts

Samples: Sun Communities Inc, Sun Communities Inc, Sun Communities Inc

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Distributions on OP Units held by General Partner. Notwithstanding anything to the contrary herein, distributions on OP Units held by the General Partner may be made, without preserving the priority of distributions described in Section 17.3(c)(i18.3(c)(i) and (ii), but only to the extent such distributions are required to preserve the real estate investment trust REIT status of the General Partner.

Appears in 2 contracts

Samples: Sun Communities Inc, Agreement (Sun Communities Inc)

Distributions on OP Units held by General Partner. Notwithstanding anything to the contrary herein, distributions on OP Units held by the General Partner may be made, without preserving the priority of distributions described in Section 17.3(c)(i) and (ii), but only to the extent such distributions are required to preserve the real estate investment trust REIT status of the General Partner.

Appears in 1 contract

Samples: Agreement (Sun Communities Inc)

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Distributions on OP Units held by General Partner. Notwithstanding anything to the contrary herein, distributions on OP Units held by the General Partner may be made, without preserving the priority of distributions described in Section 17.3(c)(i18.3(c)(i) and (ii), but only to the extent such distributions are required to preserve the real estate investment trust status of the General Partner.

Appears in 1 contract

Samples: Sun Communities Inc

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