Impact of Conversion for Purposes. of Section 5.01(c)(iii). For purposes of making future allocations under Section 5.01(c)(iii), the portion of the Class B Economic Capital Account Balance of the applicable holder of Class B Units that is treated as attributable to his, her or its Class B Units shall be reduced, as of the date of conversion, by the product of the number of Class B Units converted and the OP Unit Economic Balance.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Global Net Lease, Inc.), Limited Partnership Agreement (American Realty Capital Trust V, Inc.), Limited Partnership Agreement (American Realty Capital Properties, Inc.)
Impact of Conversion for Purposes. of Section 5.01(c)(iii5.01(c). For purposes of making future allocations under Section 5.01(c)(iii5.01(c), the portion of the Class B Economic Capital Account Balance of the applicable holder of Class B Units that is treated as attributable to his, her or its Class B Units shall be reduced, as of the date of conversion, by the product of the number of Class B Units converted and the OP Unit Economic Balance.
Appears in 4 contracts
Samples: Limited Partnership Agreement (American Realty Capital Trust III, Inc.), Merger Agreement (American Realty Capital Trust III, Inc.), Limited Partnership Agreement (American Realty Capital Properties, Inc.)
