Common use of General Partnership Interest Clause in Contracts

General Partnership Interest. Except for any Partnership Units designated as Limited Partner Interests by the General Partner, the Partnership Units held by the General Partner shall be the General Partner Interest of the General Partner.

Appears in 16 contracts

Samples: Limited Partnership Agreement (Freehold Properties, Inc.), Limited Partnership Agreement (Broad Street Realty, Inc.), Agreement of Limited Partnership (Steadfast Apartment REIT, Inc.)

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General Partnership Interest. Except for any Partnership Units designated as Limited The General Partner Interests by shall hold a non-economic general partner interest in the General Partner, the Partnership. All Partnership Units held by the General Partner shall be deemed to be Limited Partnership Interests and shall be held by the General Partner Interest of in its capacity as a Limited Partner in the General PartnerPartnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Lexington Strategic Asset Corp)

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