Common use of Economic Equivalency Clause in Contracts

Economic Equivalency. Notwithstanding any other provision of this Exhibit F, the shares of Series C Preferred Stock and the Series C Partnership Preferred Units are intended to be substantially equivalent in distributions and other payments. In the event that any provision of this Exhibit F would result in a different distribution or other payments being made to the holder of a Series C Partnership Preferred Units than to a holder of a share of Series C Preferred Stock, this Exhibit F shall be deemed automatically amended to conform to the terms of the Series C Articles Supplementary with respect to such distribution or other payment.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Sovran Self Storage Inc), Agreement of Limited Partnership (Sovran Acquisition LTD Partnership)

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Economic Equivalency. Notwithstanding any other provision of this Exhibit FE, the shares of Series C Preferred Stock and the Series C Partnership Preferred Units are intended to be substantially equivalent in distributions and other payments. In the event that any provision of this Exhibit F E would result in a different distribution or other payments being made to the holder of a Series C Partnership Preferred Units than to a holder of a share of Series C Preferred Stock, this Exhibit F E shall be deemed automatically amended to conform to the terms of the Series C Articles Supplementary with respect to such distribution or other payment.

Appears in 1 contract

Samples: Amendment No. 33 to the Second Amended and Restated Agreement of Limited Partnership (Home Properties of New York Inc)

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Economic Equivalency. Notwithstanding any other provision of this Exhibit FH, the shares of Series C F Preferred Stock and the Series C F Partnership Preferred Units are intended to be substantially equivalent in distributions and other payments. In the event that any provision of this Exhibit F H would result in a different distribution or other payments being made to the holder of a Series C F Partnership Preferred Units than to a holder of a share of Series C F Preferred Stock, this Exhibit F H shall be deemed automatically amended to conform to the terms of the Series C F Articles Supplementary with respect to such distribution or other payment.

Appears in 1 contract

Samples: Amendment No. 52 to the Second Amended and Restated Agreement of Limited Partnership (Home Properties of New York Inc)

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