Common use of Redeemed Partnership Units Clause in Contracts

Redeemed Partnership Units. In no event may a Partner receive a distribution of cash with respect to a Partnership Unit if such Partner is entitled to receive an equivalent cash dividend as the holder of record of a REIT Share for which all or part of such Partnership Unit has been or will be redeemed.

Appears in 4 contracts

Samples: Limited Partnership Agreement (NNN Apartment REIT, Inc.), Limited Partnership Agreement (NNN Apartment REIT, Inc.), Limited Partnership Agreement (NNN Apartment REIT, Inc.)

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Redeemed Partnership Units. In no event may a Partner receive a -------------------------- distribution of cash with respect to a Partnership Unit if such Partner is entitled to receive an equivalent cash dividend as the holder of record of a REIT Share for which all or part of such Partnership Unit has been or will be redeemed.

Appears in 2 contracts

Samples: Limited Partnership Agreement (G Reit Inc), Limited Partnership Agreement (T Reit Inc)

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