LLC Conversion. Subject to compliance with the Loan Documents, the General Partner shall have the right to convert the form of organization of the Company from a limited partnership to a limited liability company at any time so long as the economic interests, and the other rights under this Agreement of the Class A Limited Partners and the Class B Limited Partners are unaffected by the conversion. The Class A Limited Partners and the Class B Limited Partners hereby agree to such conversion. The costs in connection with such conversion shall be borne by the Company.
Appears in 2 contracts
Samples: Partnership Agreement, Limited Liability Limited Partnership Agreement (Strategic Hotel Capital Inc)
LLC Conversion. Subject to compliance with the Loan Documents, the The General Partner shall have the right to convert the form of organization of the Company from a limited partnership to a limited liability company at any time so long as the economic interests, and the other rights under this Agreement of the Class A Limited Partners and the Class B Limited Partners are unaffected by the conversion. The Class A Limited Partners and the Class B Limited Partners hereby agree to such conversion. The costs in connection with such conversion shall be borne by the Company.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Strategic Hotel Capital Inc)
