General Partnership Interest. A number of Series PR OP Units held by the General Partner equal to one percent (1%) of all outstanding OP Units shall be deemed to be the General Partner Interest of the General Partner. All other Partnership Units held by the General Partner shall be deemed to be Limited Partner Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership.
Appears in 4 contracts
Samples: First (Empire State Realty OP, L.P.), First (Empire State Realty Trust, Inc.), Empire State Realty OP, L.P.
General Partnership Interest. A number of Series PR OP Units held by the General Partner equal to one percent (1%) of all outstanding OP Units shall be deemed to be the General Partner Interest of the General Partner. All other Partnership Units Units, if any, held by the General Partner shall be deemed to be Limited Partner Interests and shall be held by the General Partner in its capacity as a Limited Partner in the Partnership.
Appears in 3 contracts
Samples: Rayonier, L.P., Safety, Income & Growth, Inc., Safety, Income & Growth, Inc.
