Limitations on Changes in Existing Holder and Ownership Limits. (a) Neither the Ownership Limit nor any Existing Holder Limit may be increased (nor may any additional Existing Holder Limit be created) if, after giving effect to such increase (or creation), five (5) Beneficial Owners of Units (including, without limitation, all of the then Existing Holders) could Beneficially Own, in the aggregate, more than 49.9% in number or value of the outstanding Units.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Industrial Property Trust Inc.), Limited Liability Company Agreement (Behringer Harvard Multifamily Reit I Inc), Limited Liability Company Agreement (TIAA-CREF U.S. Real Estate Fund I, L.P.)
Limitations on Changes in Existing Holder and Ownership Limits. (a) Neither the Ownership Limit nor any Existing Holder Limit may be increased (nor may any additional Existing Holder Limit be created) if, after giving effect to such increase (or creation), five (5) Beneficial Owners of Units Interests (including, without limitation, all of the then Existing Holders) could Beneficially Own, in the aggregate, more than 49.9% in number or value of the outstanding UnitsInterests.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Behringer Harvard Multifamily Reit I Inc), Limited Liability Company Agreement (Behringer Harvard Multifamily Reit I Inc), Limited Liability Company Agreement (Behringer Harvard Multifamily Reit I Inc)
Limitations on Changes in Existing Holder and Ownership Limits. (a) Neither the Ownership Limit nor any Existing Holder Limit may be increased (nor may any additional Existing Holder Limit be created) if, after giving effect to such increase (or creation), five (5) Beneficial Owners of Units Common Shares (including, without limitation, including all of the then Existing Holders) could Beneficially Own, in the aggregate, more than 49.950.0% in number or value (determined as provided in the definition of "Ownership Limit" in Section 7.1) of the outstanding UnitsEquity Shares.
Appears in 3 contracts
Samples: Tax Sharing Agreement (Equity Residential Properties Trust), Tax Sharing Agreement (Equity Residential Properties Trust), Agreement and Plan of Combination (Rockefeller Center Properties Inc)
Limitations on Changes in Existing Holder and Ownership Limits. (a) Neither the Ownership Limit nor any Existing Holder Limit may be increased (nor may any additional Existing Holder Limit be created) if, after giving effect to such increase (or creation), five (5) or fewer Beneficial Owners of Units Interests (including, without limitation, all of the then Existing Holders) could Beneficially Own, in the aggregate, more than forty-nine and nine-tenths percent (49.9% %) in number or value of the outstanding UnitsInterests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Behringer Harvard Multifamily Reit I Inc)
Limitations on Changes in Existing Holder and Ownership Limits. (a) Neither the Ownership Limit nor any Existing Holder Limit may be increased or waived (nor may any additional Existing Holder Limit be created) if, after giving effect to such increase or waiver (or creation), five (5) Beneficial Owners of Units shares of Stock (including, without limitation, all of the then Existing Holders) could Beneficially Own, in the aggregate, more than 49.9% in number or value of the outstanding Unitsshares of Stock.
Appears in 1 contract
Samples: Agreement
