Common use of Purchases of Shares by the General Partner Clause in Contracts

Purchases of Shares by the General Partner. If the General Partner Entity exercises its rights under the Articles of Incorporation to purchase Shares or otherwise elects to purchase from its shareholders Shares in connection with a share repurchase or similar program or for the purpose of delivering such Shares to satisfy an obligation under any dividend reinvestment or equity purchase program adopted by the General Partner Entity, any employee equity purchase plan adopted by the General Partner Entity or any similar obligation or arrangement undertaken by the General Partner Entity in the future, the purchase price paid by the General Partner Entity for those Shares and any other expenses incurred by the General Partner Entity in connection with such purchase shall be considered expenses of the Partnership and shall be reimbursable to the General Partner Entity, subject to the conditions that: (i) if those Shares subsequently are to be sold by the General Partner Entity, the General Partner Entity shall pay to the Partnership any proceeds received by the General Partner Entity for those Shares (provided that a transfer of Shares for Units pursuant to Section 8.6 would not be considered a sale for such purposes), and (ii) if such Shares are not retransferred by the General Partner Entity within thirty (30) days after the purchase thereof, the General Partner Entity shall cause the Partnership to cancel a number of Units (rounded to the nearest whole Unit) of the corresponding class held by the General Partner Entity equal to (i) in the case of Common Shares, the product attained by multiplying the number of those Common Shares by a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, and (ii) in the case of any other Shares, the number of such Shares, which Units shall be treated as having been redeemed by the Partnership for the payment made by the Partnership to the General Partner Entity with respect to the corresponding Shares.

Purchases of Shares by the General Partner. If In the event that the General Partner Entity exercises its rights under the Articles of Incorporation to purchase Shares or otherwise elects shall elect to purchase from its shareholders Shares in connection with a share repurchase or similar program or for the purpose of delivering such Shares to satisfy an obligation under any dividend distribution reinvestment or equity share purchase program adopted by the General Partner EntityPartner, any employee equity share purchase plan adopted by the General Partner Entity or any similar obligation or arrangement undertaken by the General Partner Entity in the future, the purchase price paid by the General Partner Entity for those such Shares and any other expenses incurred by the General Partner Entity in connection with such purchase shall be considered expenses of the Partnership REIT Expenses and shall be reimbursable reimbursed to the General Partner EntityPartner, subject to the conditions that: (i) if those such Shares subsequently are to be sold by the General Partner EntityPartner, the General Partner Entity shall pay pays to the Partnership any proceeds received by the General Partner Entity for those such Shares (which sales proceeds shall include the amount of distributions reinvested under any distribution reinvestment or similar program; provided that a transfer of Shares for Partnership Units pursuant to Section 8.6 hereof would not be considered a sale for such purposes), ; and (ii) if such Shares are not retransferred by the General Partner Entity within thirty (30) days after the purchase thereof, the General Partner Entity shall cause the Partnership to cancel a number of Partnership Units of the appropriate class (rounded to the nearest whole Partnership Unit) of the corresponding class held by the General Partner Entity equal to (i) in the case of Common Shares, the product attained by multiplying the number of those Common such Shares by a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, and (ii) Factor in effect on the case of any other Shares, the number date of such Shares, cancellation (in which Units case such reimbursement shall be treated as having been redeemed a distribution in redemption of Partnership Units held by the Partnership for the payment made by the Partnership to the General Partner Entity with respect to the corresponding SharesPartner).

Purchases of Shares by the General Partner. If In the event that the General Partner Entity exercises its rights under the Articles of Incorporation to purchase Shares or otherwise elects shall elect to purchase from its shareholders Shares in connection with a share repurchase or similar program or for the purpose of delivering such Shares to satisfy an obligation under any dividend distribution reinvestment or equity purchase program adopted by the General Partner EntityPartner, any employee equity share purchase plan adopted by the General Partner Entity or any similar obligation or arrangement undertaken by the General Partner Entity in the future, the purchase price paid by the General Partner Entity for those such Shares and any other expenses incurred by the General Partner Entity in connection with such purchase shall be considered expenses of the Partnership REIT Expenses and shall be reimbursable reimbursed to the General Partner EntityPartner, subject to the conditions that: (i) if those such Shares subsequently are to be sold by the General Partner EntityPartner, the General Partner Entity shall pay pays to the Partnership any proceeds received by the General Partner Entity for those such Shares (which sales proceeds shall include the amount of distributions reinvested under any distribution reinvestment or similar program; provided that a transfer of Shares for Partnership Units pursuant to Section 8.6 hereof would not be considered a sale for such purposes), ; and (ii) if such Shares are not retransferred by the General Partner Entity within thirty (30) days after the purchase thereof, the General Partner Entity shall cause the Partnership to cancel a number of Partnership Units of the appropriate class (rounded to the nearest whole Partnership Unit) of the corresponding class held by the General Partner Entity equal to (i) in the case of Common Shares, the product attained by multiplying the number of those Common such Shares by a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, and (ii) Factor in effect on the case of any other Shares, the number date of such Shares, cancellation (in which Units case such reimbursement shall be treated as having been redeemed a distribution in redemption of Partnership Units held by the Partnership for the payment made by the Partnership to the General Partner Entity with respect to the corresponding SharesPartner).