Other Contribution Provisions. If any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 18 contracts
Samples: Limited Partnership Agreement (LaSalle Hotel Properties), Agreement of Limited Partnership (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.)
Other Contribution Provisions. If In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 13 contracts
Samples: Limited Partnership Agreement (Gramercy Property Trust), Agreement of Limited Partnership (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Property Trust Inc.)
Other Contribution Provisions. If In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership. In addition, with the consent of the General Partner, one or more Limited Partners may enter into contribution agreements with the Partnership which have the effect of providing a guarantee of certain obligations of the Partnership.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Parkway Properties Inc), Limited Partnership Agreement (Arden Realty Group Inc), Limited Partnership Agreement (Kilroy Realty Corp)
Other Contribution Provisions. If any Partner Person is admitted to the Partnership as a Partner and is given a Capital Account in exchange for services rendered to the Partnership or to the General Partner on behalf of the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (Tality Corp), Limited Partnership Agreement (Tality Corp), Limited Partnership Agreement (Tality Corp)
Other Contribution Provisions. If any Partner is admitted to the Partnership and is given a positive Capital Account balance in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the such Partner had contributed such cash to the capital of the Partnership.
Appears in 4 contracts
Samples: Limited Partnership Agreement (DiamondRock Hospitality Co), Agreement of Limited Partnership (Macerich Co), Limited Partnership Agreement (DiamondRock Hospitality Co)
Other Contribution Provisions. If In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership, unless the General Partner and such affected Partner specifically agree otherwise.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Camden Property Trust), Limited Partnership Agreement (American Industrial Properties Reit Inc), Agreement of Limited Partnership (American Industrial Properties Reit Inc)
Other Contribution Provisions. If any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership or to the General Partner on behalf of the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Burnham Pacific Properties Inc), Limited Partnership Agreement (National Health Realty Inc)
Other Contribution Provisions. If any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.the
Appears in 2 contracts
Samples: Limited Partnership Agreement (Equity Office Properties Trust), Limited Partnership Agreement (Equity Office Properties Trust)
Other Contribution Provisions. If In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had has compensated such Partner in cashcash for the fair market value of such services, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Cornerstone Properties Inc)
Other Contribution Provisions. If any Partner is admitted to the Partnership and is given a Capital Account in exchange for properties, securities or other noncash contributions or services rendered to the Partnership, such transaction transactions shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Monarch Properties Inc)
Other Contribution Provisions. If In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected 28 Partner as if the Partnership had compensated such Partner in cashcash for the fair market value of such services, and the Partner had contributed such cash to the capital of the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Vornado Realty Trust)
Other Contribution Provisions. If In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such Partner in cash, and the Partner 24 had contributed such cash to the capital of the Partnership, unless the General Partner and such affected Partner specifically agree otherwise.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Camden Property Trust)
