Common use of Issuances to the General Partner Clause in Contracts

Issuances to the General Partner. No additional Partnership Units shall be issued to the General Partner unless (i) the additional Partnership Units are issued to all Partners in proportion to their respective Percentage Interests with respect to the class of Partnership Units so issued, (ii) the additional Partnership Units are issued in connection with an issuance of Shares and the General Partner directly or indirectly contributes or otherwise causes to be transferred to the Partnership the net cash proceeds or other net consideration, if any, received in connection with the issuance of such Shares, or (iii) the additional Partnership Units are issued upon the conversion, redemption or exchange of Debt or other securities issued by the Partnership. If the Partnership issues Partnership Interests pursuant to this Section 4.2, the General Partner shall make such revisions to this Agreement as it deems necessary to reflect the issuance of such Partnership Interests.

Issuances to the General Partner. No additional Partnership Units shall be issued to the General Partner unless unless: (i) the additional Partnership Units are issued to all Partners in proportion to their respective Percentage Interests with respect to the class of Partnership Units so issued, Interests; (ii) (A) the additional Partnership Units are OP Units issued in connection with an issuance of REIT Shares and (B) the General Partner directly or indirectly contributes or otherwise causes to be transferred to the Partnership the net cash proceeds or other net consideration, if any, received in connection with the issuance of such REIT Shares, ; or (iii) the additional Partnership Units are issued upon the conversion, redemption or exchange of Debt or other securities issued by the Partnership. If In the event that the Partnership issues additional Partnership Interests Units pursuant to this Section 4.24.3(b), the General Partner shall make such revisions to this Agreement as it deems determines are necessary to reflect the issuance of such additional Partnership InterestsUnits.