Common use of Issuance of Additional Partnership Units Clause in Contracts

Issuance of Additional Partnership Units. Pursuant to Section 4.2(a) of the Agreement, the General Partner hereby issues a Partnership Interest in the form of the number of Partnership Units listed on the Unitholder Ledger to the Additional Limited Partner in consideration for the contribution of the Additional Hotel pursuant to the terms of the Contribution Agreement. Such issuance shall be deemed effective, and the Additional Limited Partner shall be deemed admitted as a Limited Partner, automatically upon the closing of the Contribution Agreement and all references to "Limited Partner" in the Agreement shall include the Additional Limited Partner. Except as provided herein to the contrary, the Partnership Interest issued in the foregoing sentence shall have all of the same rights, powers and duties and shall be equal in all respects to the existing Partnership Interests issued to the existing Limited Partners specifically including, without limitation, the Redemption Rights granted pursuant to Section 8.5 of the Agreement, and the Registration Rights granted pursuant to Section 8.6 of the Agreement.

Issuance of Additional Partnership Units. Pursuant to Section ---------------------------------------- 4.2(a) of the Agreement, the General Partner hereby issues a Partnership Interest in the form of the number of Partnership Units listed on the Unitholder Ledger to the Additional Limited Partner in consideration for the contribution of the Additional Hotel pursuant to the terms of the Contribution Agreement. Such issuance shall be deemed effective, and the Additional Limited Partner shall be deemed admitted as a Limited Partner, automatically upon the closing of the Contribution Agreement and all references to "Limited Partner" in the Agreement shall include the Additional Limited Partner. Except as provided herein to the contrary, the Partnership Interest issued in the foregoing sentence shall have all of the same rights, powers and duties and shall be equal in all respects to the existing Partnership Interests issued to the existing Limited Partners specifically including, without limitation, the Redemption Rights granted pursuant to Section 8.5 of the Agreement, and the Registration Rights granted pursuant to Section 8.6 of the Agreement.

Issuance of Additional Partnership Units. Pursuant to Section 4.2(a) of the Agreement, the General Partner hereby issues a Partnership Interest in the form of the number of Partnership Units listed on the Unitholder Ledger to the Additional Limited Partner in consideration for the contribution of the Additional Hotel pursuant to the terms of the Contribution Agreement. Such issuance shall be deemed effective, and the Additional Limited Partner shall be deemed admitted as a Limited Partner, Partner automatically upon the closing of the Contribution Agreement and all references to "Limited Partner" in the Agreement shall include the Additional Limited Partner. Except as provided herein to the contrary, the The Partnership Interest issued in the foregoing sentence shall have all of the same rights, powers and duties and shall be equal in all respects to the existing Partnership Interests issued to the existing Limited Partners specifically including, without limitation, the Redemption Rights granted pursuant to Section 8.5 of the Agreement, and the Registration Rights granted pursuant to Section 8.6 of the Agreement.

Issuance of Additional Partnership Units. Pursuant to Section 4.2(a) of the Agreement, the General Partner hereby issues a Partnership Interest in the form of the number of Partnership Units listed on the Unitholder Ledger hereto to the Additional Limited Partner Partners in consideration for the contribution of the Additional Hotel Hotels pursuant to the terms of the Contribution Agreement. Such issuance shall be deemed effective, and the Additional Limited Partner Partners shall each be deemed admitted as a Limited Partner, Partner automatically upon the closing of the Contribution Contri bution Agreement and all references to "Limited Partner" in the Agreement shall include each of the Additional Limited PartnerPartners. Except as provided herein to the contrary, the The Partnership Interest issued in the foregoing sentence shall have all of the same rights, powers and duties and shall be equal in all respects to the existing Limited Partnership Interests interests issued to the existing Limited Partners specifically including, without limitation, the Redemption Rights granted pursuant to Section 8.5 of the Agreement, and the Registration Rights granted pursuant to Section 8.6 of the Agreement.