Redemption of REIT Shares. If, at any time, any shares of capital stock of the General Partner are redeemed by the General Partner for cash, the Partnership shall, immediately prior to such redemption, redeem an equal number of equivalent Partnership Units (taking into account any relevant Conversion Factor) held by the General Partner upon the same terms and for the same price per Partnership Unit as such Capital Shares are redeemed.
Appears in 10 contracts
Samples: Limited Partnership Agreement (OPC Residential Properties Trust, Inc.), Limited Partnership Agreement (OPC Residential Properties Trust, Inc.), Limited Partnership Agreement (NorthStar Real Estate Income II, Inc.)
Redemption of REIT Shares. If, at any time, any shares of capital stock of the General Partner are redeemed by the General Partner for cash, the Partnership shall, immediately prior to such redemption, redeem an equal number of equivalent Partnership Units (taking into account any relevant Conversion Factor) held by the General Holdings Limited Partner upon the same terms and for the same price per Partnership Unit as such Capital Shares are redeemed.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Resource Income Opportunity REIT, Inc.), Limited Partnership Agreement (Hartman vREIT XXI, Inc.), Limited Partnership Agreement (Resource Innovation Office REIT, Inc.)
Redemption of REIT Shares. If, at any time, any shares of capital stock of the General Partner are redeemed by the General Partner for cash, the Partnership shall, immediately prior to such redemption, redeem an equal number of equivalent Partnership Units (taking into account any relevant Conversion Factor) held by the General Partner upon the same terms and for the same price per Partnership Unit as such Capital Shares shares are redeemed.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Moody National REIT II, Inc.), Limited Partnership Agreement (Moody National REIT II, Inc.)
Redemption of REIT Shares. If, at any time, any shares of capital stock of the General Partner REIT Shares are redeemed by the General Partner for cash, the Partnership shall, immediately prior to such redemption, redeem an equal number of equivalent Partnership Units held by the General Partner (whether held as General Partner or as a Limited Partner) (taking into account any relevant Conversion Factor) held by the General Partner upon the same terms and for the same price per Partnership Unit as such Capital Shares are redeemed.
Appears in 2 contracts
Samples: Limited Partnership Agreement (NorthStar/RXR New York Metro Income, Inc.), Limited Partnership Agreement (NorthStar/RXR New York Metro Income, Inc.)
Redemption of REIT Shares. If, at any time, any shares of capital stock of the General Partner are redeemed by the General Partner for cash, the Partnership shall, immediately prior to such redemption, redeem an equal number of equivalent Partnership Units (taking into account any relevant Conversion Factor) held by the General Partner upon the same terms and for the same price per Partnership Unit as such Capital Shares shares are redeemed.
Appears in 1 contract
Samples: Limited Partnership Agreement (Moody National REIT II, Inc.)
