Reallocation of Limited Distributions. Cash Available for Distribution or Net Sales Proceeds that otherwise would have been distributed to a Limited Partner in respect of Class B Unit or LTIP Unit but for the Profits Interest Distribution Limitation shall, instead, be distributed to the other Limited Partners in respect of other Partnership Units in accordance with Section 5.02(a) or Section 5.02(b)(i), respectively (including by operation of Section 5.06), but solely to the extent that distributions in respect of those Partnership Units are not subject to the Profits Interest Distribution Limitation.
Appears in 3 contracts
Samples: Agreement (New York City REIT, Inc.), American Finance Trust, Inc, Global Net Lease, Inc.
Reallocation of Limited Distributions. Cash Available for Distribution or Net Sales Proceeds that otherwise would have been distributed to a Limited Partner in respect of Class B Unit or LTIP Unit but for the Profits Interest Distribution Limitation shall, instead, be distributed to the other Limited Partners in respect of other Partnership Units in accordance with Section 5.02(a5.1(a) or Section 5.02(b)(i5.1(b)(i), respectively (including by operation of Section 5.0613.2), but solely to the extent that distributions in respect of those Partnership Units are not subject to the Profits Interest Distribution Limitation.
Appears in 2 contracts
Samples: Healthcare Trust, Inc., Healthcare Trust, Inc.
