Common use of Non-Pro Rata Distribution Clause in Contracts

Non-Pro Rata Distribution. Notwithstanding anything in this Agreement to the contrary, the General Partner is expressly authorized, in its sole discretion, to declare and cause the Partnership to make a non-pro rata distribution, with no other Limited Partners receiving any portion of such distribution, to Vornado Realty Trust or Vornado DC Spinco of 100% of the Partnership’s ownership interests in Vornado DC Spinco GP LLC; provided that Vornado Realty Trust or Vornado DC Spinco, as applicable, is a Partner of the Partnership at the time of such distribution.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties), Master Transaction Agreement (JBG SMITH Properties)

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Non-Pro Rata Distribution. Notwithstanding anything in this Agreement to the contrary, the General Partner is expressly authorized, in its sole discretion, to declare and cause the Partnership to make a non-pro rata distribution, with no other Limited Partners receiving any portion of such distribution, to Vornado Realty Trust or Vornado DC Spinco JBG XXXXX Properties of 100% of the Partnership’s ownership interests in Vornado DC Spinco JBG XXXXX Properties GP LLC; provided that Vornado Realty Trust or Vornado DC SpincoJBG XXXXX Properties, as applicable, is a Partner of the Partnership at the time of such distribution.

Appears in 2 contracts

Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement (JBG SMITH Properties)

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Non-Pro Rata Distribution. Notwithstanding anything in this Agreement to the contrary, the General Partner is expressly authorized, in its sole discretion, to declare and cause the Partnership to make a non-non- pro rata distribution, with no other Limited Partners receiving any portion of such distribution, to Vornado Realty Trust or Vornado DC Spinco JBG XXXXX Properties of 100% of the Partnership’s ownership interests in Vornado DC Spinco JBG XXXXX Properties GP LLC; provided that Vornado Realty Trust or Vornado DC SpincoJBG XXXXX Properties, as applicable, is a Partner of the Partnership at the time of such distribution.

Appears in 1 contract

Samples: Limited Partnership Agreement (JBG SMITH Properties)

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