Issuance of Series A Preferred Units. In consideration of the contribution to the Partnership on the Effective Date of the entire net proceeds received by the General Partner from the issuance of the Series A Preferred Shares, the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such issuance, which is $287,500,000, and the Partnership shall be deemed simultaneously to have distributed to the General Partner, as REIT Expenses, the amount of the underwriters' discount and other costs incurred by the General Partner in connection with such issuance. On the Effective Date, in consideration of the contribution to the Partnership made by the General Partner pursuant to this Section 4.2.F, the Partnership will issue to the General Partner, in respect of its Limited Partnership Interest and in addition to the Class A Units issued to the General Partner pursuant to this Section 4.2, 5,750,000 of a series of Preference Units designated as the "Series A Preferred Units" (as defined in Exhibit G hereto). The terms of the Series A Preferred Units are set forth in Exhibit G attached hereto.
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Samples: Limited Partnership Agreement (Vornado Realty Lp), Limited Partnership Agreement (Vornado Realty Trust)
Issuance of Series A Preferred Units. In consideration of the contribution to the Partnership on the Effective Date April 15, 1997 of the entire net proceeds received by the General Partner from the issuance of the Series A Preferred Shares, the General Partner shall be is deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such issuance, which is was $287,500,000, and the Partnership shall be is deemed simultaneously to have distributed to the General Partner, as REIT Expenses, the amount of the underwriters' discount and other costs incurred by the General Partner in connection with such issuance. On the Effective DateApril 15, 1997, in consideration of the contribution to the Partnership made by the General Partner pursuant to described in this Section 4.2.F, the Partnership will issue issued to the General Partner, in respect of its Limited Partnership Interest and in addition to the Class A Units issued to the General Partner pursuant to this Section 4.2, 5,750,000 of a series of Preference Units designated as the "Series A Preferred Units" (as defined in Exhibit G hereto). The terms of the Series A Preferred Units are set forth in Exhibit G attached hereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Vornado Realty Trust)
Issuance of Series A Preferred Units. In consideration of the contribution to the Partnership on the Effective Date April 15, 1997 of the entire net proceeds received by the General Partner from the issuance of the Series A Preferred Shares, the General Partner shall be is deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such issuance, which is was $287,500,000, and the Partnership shall be is deemed simultaneously to have distributed to the General Partner, as REIT Expenses, the amount of the underwriters' ’ discount and other costs incurred by the General Partner in connection with such issuance. On the Effective DateApril 15, 1997, in consideration of the contribution to the Partnership made by the General Partner pursuant to described in this Section 4.2.F, the Partnership will issue issued to the General Partner, in respect of its Limited Partnership Interest and in addition to the Class A Units issued to the General Partner pursuant to this Section 4.2, 5,750,000 of a series of Preference Units designated as the "“Series A Preferred Units" ” (as defined in Exhibit G hereto). The terms of the Series A Preferred Units are set forth in Exhibit G attached hereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Vornado Realty Trust)