Common use of Distributions to Reflect Additional Partnership Units Clause in Contracts

Distributions to Reflect Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article 4 hereof, subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner is hereby authorized to amend this Agreement as it determines, in its sole and absolute discretion, is necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to Holders of certain classes of Partnership Units, all without the consent of any Partner or any other Person.

Appears in 5 contracts

Samples: Agreement (Brixmor Operating Partnership LP), Agreement (Brixmor Property Group Inc.), Agreement (Brixmor Property Group Inc.)

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Distributions to Reflect Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article 4 hereof, subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner is hereby authorized to amend this Agreement Article 5 and Articles 6, 11 and 12 hereof as it determines, in its sole and an absolute discretion, is are necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to Holders of certain classes of Partnership Units, Units all without the consent of any Partner or any other Person.

Appears in 2 contracts

Samples: Agreement (Spirit Realty Capital, Inc.), Agreement (Spirit Realty Capital, Inc.)

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Distributions to Reflect Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article 4 hereof, subject to the rights of any Holder of any Partnership Interest set forth in a Partnership Unit Designation, the General Partner is hereby authorized to amend this Agreement Article 5 and Articles 6, 11 and 12 hereof as it determines, in its sole and an absolute discretion, is are necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to Holders of certain classes of Partnership Units, Units all without the consent or approval of any Partner or any other Person.

Appears in 2 contracts

Samples: Spirit Realty, L.P., Spirit Realty Capital, Inc.

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