Common use of LP UNITS GENERALLY Clause in Contracts

LP UNITS GENERALLY. 4.1.1. The LP Unit shall be redeemable for shares of common stock of the REIT or cash (or a combination thereof) in accordance with the procedures described in the Partnership Agreement. Contributor acknowledges that the LP Unit is not certificated and that, therefore, the issuance of the LP Unit shall be evidenced by the execution and delivery of an amendment to the Partnership Agreement, which amendment shall have been executed and delivered by the REIT on the Closing Date (the "AMENDMENT").

Appears in 1 contract

Samples: Contribution Agreement (Corporate Office Properties Trust)

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LP UNITS GENERALLY. 4.1.1. The LP Unit Units shall be redeemable for shares of common stock shares of the REIT on a one-for-one basis or cash (or a combination thereof) in accordance with the procedures described in the Partnership Agreement. Contributor acknowledges Contributors acknowledge that the LP Unit is Units are not certificated and that, therefore, the issuance of the LP Unit Units shall be evidenced by the execution and delivery of an amendment to the Partnership Agreement, which amendment shall have been be executed and delivered by the REIT on as general partner at the Closing Date (the "AMENDMENT").

Appears in 1 contract

Samples: Contribution Agreement (Corporate Office Properties Trust)

LP UNITS GENERALLY. 4.1.1. The LP Unit Units shall be redeemable for shares of common stock of the REIT or cash (or a combination thereof) in accordance with the procedures described in the Partnership Agreement. Contributor acknowledges that the LP Unit is Units are not certificated and that, therefore, the issuance of the LP Unit Units shall be evidenced by the execution and delivery of an amendment to the Partnership Agreement, which amendment shall have been be executed and delivered by the REIT on at the Closing Date (the "AMENDMENTAmendment").

Appears in 1 contract

Samples: Contribution Agreement (Corporate Office Properties Trust)

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LP UNITS GENERALLY. 4.1.1. The LP Unit Units shall be redeemable for common shares of common stock of the REIT or cash (or a combination thereof) in accordance with the procedures described in the Partnership Agreement. Contributor acknowledges Contributors acknowledge that the LP Unit is Units are not certificated and that, therefore, the issuance of the LP Unit Units shall be evidenced by the execution and delivery of an amendment to the Partnership Agreement, which amendment shall have been executed and delivered by the REIT on the Closing Date (the "AMENDMENT").

Appears in 1 contract

Samples: Contribution Agreement (Corporate Office Properties Trust)

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