OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section.
Appears in 4 contracts
Samples: Limited Partnership Agreement (RFS Hotel Investors Inc), Limited Partnership Agreement (Mid America Apartment Communities Inc), Limited Partnership Agreement (United Dominion Realty Trust Inc)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Dividend Capital Inc), Limited Partnership Agreement (Dividend Capital Trust Inc), Limited Partnership Agreement (Dividend Capital Trust Inc)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock shares or other interest in the General Partner or in any Affiliate thereof, thereof if such ownership by itself or in conjunction with other stock shares or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership or the Company as a REIT for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this SectionSection 7.3 and the Limited Partners shall promptly and fully respond to such inquiries.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Ashford Hospitality Trust Inc), Agreement of Limited Partnership (Education Realty Trust, Inc.), Limited Partnership Agreement (Ashford Hospitality Trust Inc)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this SectionSection 8.04.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Behringer Harvard Reit I Inc), Limited Partnership Agreement (Behringer Harvard Real Estate Investment Trust I Inc), Limited Partnership Agreement (Behringer Harvard Reit I Inc)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR ------------------------------------------------------------ AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, --------- own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Patriot American Hospitality Inc), Limited Partnership Agreement (Prentiss Properties Trust/Md)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, thereof if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Investors Real Estate Trust), Limited Partnership Agreement (Investors Real Estate Trust)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this SectionSection 8.4.
Appears in 1 contract
Samples: Limited Partnership Agreement (Gladstone Commercial Corp)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR ------------------------------------------------------------ AFFILIATE. No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section.
Appears in 1 contract
Samples: Limited Partnership Agreement (Wells Real Eastate Investment Trust Inc)
OWNERSHIP BY LIMITED PARTNER OF CORPORATE GENERAL. PARTNER OR ------------------------------------------------------------ AFFILIATE. --------- No Limited Partner shall at any time, either directly or indirectly, own any stock or other interest in the General Partner or in any Affiliate thereof, if such ownership by itself or in conjunction with other stock or other interests owned by other Limited Partners would, in the opinion of counsel for the Partnership, jeopardize the classification of the Partnership as a partnership for federal income tax purposes. The General Partner shall be entitled to make such reasonable inquiry of the Limited Partners as is required to establish compliance by the Limited Partners with the provisions of this Section.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hudson Hotels Trust)
