Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to OP Units as provided in clause (e) below and Section 16.4 hereof.
Appears in 36 contracts
Samples: Merger Agreement, Securities Purchase Agreement (American Realty Capital Hospitality Trust, Inc.), Agreement of Limited Partnership (American Finance Trust, Inc)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 15.1 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to OP Units as provided in clause (ed) below and Section 16.4 hereof.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Phillips Edison & Company, Inc.), Limited Partnership Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B Units unless and until the Class B Units are converted to Class A OP Units as provided in clause (eE) below and Section 16.4 hereof.
Appears in 5 contracts
Samples: Limited Partnership Agreement (NexPoint Hospitality Trust, Inc.), Limited Partnership Agreement (Nexpoint Multifamily Realty Trust, Inc.), Limited Partnership Agreement (Carter Validus Mission Critical REIT II, Inc.)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B M Units unless and until the Class B M Units are converted to OP Class A Units as provided in clause (e) below and Section 16.4 15.4 hereof.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Residential Properties Trust, Inc.)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 hereof shall not apply with respect to Class B M Units unless and until the Class B M Units are converted to OP Units as provided in clause (e) below and Section 16.4 15.4 hereof.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Residential Properties Trust, Inc.), Limited Partnership Agreement (Inland Retail Properties Trust V, Inc.)
Exchange Right. The right to exchange all or a portion of Partnership Units for cash or, at the option of the Partnership, for shares of Common Stock provided to Limited Partners under Section 8.6 15.1 hereof shall not apply with respect to Class B C Units unless and until the Class B C Units are converted to OP Units as provided in clause (ed) below and Section 16.4 17.4 hereof.
Appears in 1 contract
Samples: Limited Partnership Agreement (Phillips Edison & Company, Inc.)
