Common use of Limitation on Redemption Clause in Contracts

Limitation on Redemption. The Redemption Price of the Series B Preferred Units (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Charter)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing.

Appears in 1 contract

Samples: Limited Partnership Agreement (Regency Centers Lp)

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Limitation on Redemption. (i) The Redemption Price of the Series B Preferred Units (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General PartnerTrust, which will be contributed by the General Partner Trust to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock Shares and Preferred Stock Shares (as such terms are defined in the CharterDeclaration)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Prentiss Properties Trust/Md)

Limitation on Redemption. (i) The Redemption Price of the Series B C Preferred Units (other than the portion thereof consisting of attributable to accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be Company that are contributed by the General Partner Company to the Partnership as additional capital contributioncontributions, or out of the sale of limited partner interests in the Partnership Interests, and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Charter)), shares, depository receipts, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Summit Properties Partnership L P)

Limitation on Redemption. (i) The Redemption Price of the Series B Preferred Units (other than the portion thereof consisting of attributable to accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be Company that are contributed by the General Partner Company to the Partnership as additional capital contributioncontributions, or out of the sale of limited partner interests in the Partnership Interests, and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Charter)), shares, depository receipts, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Summit Properties Partnership L P)

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Limitation on Redemption. (i) The Redemption Price of the Series B Preferred Units (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock Shares and Preferred Stock Shares (as such terms are defined in the Charter)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Liberty Property Limited Partnership)

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