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: LaSalle Hotel Properties, InfraREIT, Inc., 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: Fourth (Gramercy Property Trust Inc.), Gramercy Property Trust, 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: Parkway Properties Inc, Kilroy Realty Corp, Grove Real Estate Asset Trust
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: Tality Corp, Cadence Design Systems Inc, 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: Agreement (DiamondRock Hospitality Co), And Restated Agreement (Catellus Development Corp), Agreement (DiamondRock Hospitality Co)
Other Contribution Provisions. A. 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 3 contracts
Samples: Host Hotels & Resorts L.P., Host Hotels & Resorts L.P., Host Hotels & Resorts, 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, unless the General Partner and such affected Partner specifically agree otherwise.
Appears in 3 contracts
Samples: American Industrial Properties Reit Inc, Camden Property Trust, 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: National Health Realty Inc, Burnham Pacific Properties 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: Assignment and Assumption Agreement (Equity Office Properties Trust), Assignment and Assumption Agreement (Equity Office Properties Trust)
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: 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 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.. Section 4.6
Appears in 1 contract
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: Camden Property 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 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: 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 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: Cornerstone Properties Inc
