Common use of Reclassification of Series 2 Preferred Limited Partnership Units Clause in Contracts

Reclassification of Series 2 Preferred Limited Partnership Units. In accordance with the terms and limitations of such Preferred Units, each Series 2 Preferred Limited Partnership Unit may be reclassified into a Series 1 Preferred Limited Partnership Unit. Any such Preferred Units that are reclassified into Series 1 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein.

Reclassification of Series 2 Preferred Limited Partnership Units. In accordance with the terms and limitations of such Preferred Units, each Series 2 Preferred Limited Partnership Unit may be reclassified into a Series 1 Preferred Limited Partnership Unit. Any such Preferred Units that are reclassified into Series 1 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein.. PART III Number and Designation of and Rights, Privileges, Restrictions and Conditions