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

Distributions to Reflect Issuance of Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article IV hereof, subject to Section 7.3(d) and 7.3(e), the General Partner is hereby authorized to make such revisions to this Article V as it determines are necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to certain classes of Partnership Units. Subject to the terms of a Partnership Unit Designation, such preferential distributions may be required to be made by the Partnership regardless of whether there is Available Cash available for the payment thereof.

Appears in 3 contracts

Samples: NorthStar Realty Europe Corp., NorthStar Realty Europe Corp., Northstar Realty Finance Corp.

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Distributions to Reflect Issuance of Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article IV 4 hereof, subject Subject to Section 7.3(d) and 7.3(e), the General Partner is hereby authorized to make such revisions to this Article V 5 as it determines are necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to certain classes of Partnership Units. Subject to the terms of a Partnership Unit Designation, such preferential distributions may be required to be made by the Partnership regardless of whether there is Available Cash available for the payment thereof.

Appears in 2 contracts

Samples: Northstar Realty, Northstar Realty

Distributions to Reflect Issuance of Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article IV hereof, subject to Section Sections 7.3(d) and 7.3(e(e), the General Partner is hereby authorized to make such revisions to this Article V as it determines are necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to certain classes of Partnership Units. Subject to the terms of a Partnership Unit Designation, such preferential distributions may be required to be made by the Partnership regardless of whether there is Available Cash available cash available for the payment thereof.

Appears in 1 contract

Samples: NorthStar Asset Management Group Inc.

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Distributions to Reflect Issuance of Additional Partnership Units. In the event that the Partnership issues additional Partnership Units pursuant to the provisions of Article IV 4 hereof, subject to Section 7.3(d7.3(d)(i) and 7.3(eSection 7.3(d)(ii), the General Partner is hereby authorized to make such revisions to this Article V 5 (and to make corresponding revisions to Article 6) as it determines are necessary or desirable to reflect the issuance of such additional Partnership Units, including, without limitation, making preferential distributions to certain classes of Partnership Units. Subject to the terms of a Partnership Unit Designation, such Such preferential distributions may be required to be made by the Partnership regardless of whether under a Partnership Unit Designation only to the extent there is Available Cash available for the payment thereof.

Appears in 1 contract

Samples: Agreement (Meruelo Maddux Properties, Inc.)

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