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

Distributions to Reflect Issuance of Additional Partnership Units. In addition to any amendment permitted under Section 14.2, the General Partner is authorized to modify the distributions in this Article 5 and amend such provisions (including the defined terms used therein) in such manner as the General Partner determines is necessary or appropriate to reflect the issuances of additional series or classes of Partnership Interests without the consent of any Partner or any other Person. Any such modification may be made pursuant to a Certificate of Designations or similar instrument establishing such new class or series.

Appears in 16 contracts

Samples: Agreement (Lamar Media Corp/De), Paramount Group, Inc., Gaming & Leisure Properties, Inc.

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Distributions to Reflect Issuance of Additional Partnership Units. In addition to any amendment permitted under Section 14.2, the General Partner is authorized to modify the distributions in this Article 5 and amend such provisions (including the defined terms used therein) in such manner as the General Partner determines is necessary or appropriate to reflect the issuances of additional series or classes of Partnership Interests without the consent of any Partner or any other Person. Any such modification may be made pursuant to a Certificate of Designations Designation or similar instrument establishing such new class or series.

Appears in 1 contract

Samples: Nico Echo Park, Benefit Corp

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