Reinvestment of Special General Partner Distributions. The Special General Partner, in its sole and absolute discretion, may elect, on an annual basis, to reinvest all, or any portion, of the distributions of Available Cash and Capital Proceeds it receives under Section 5.1 in the Partnership in exchange for the issuance of OP Units. If the Special General Partner elects to reinvest any portion of Available Cash and Capital Proceeds distributed to the Special General Partner under this Agreement, the Special General Partner shall be treated no differently than any Limited Partner making a Capital Contribution to the Partnership under Section 4.3.
Appears in 6 contracts
Samples: Agreement of Limited Partnership (Corporate Property Associates 17 - Global INC), Agreement of Limited Partnership (Corporate Property Associates 17 - Global INC), Limited Partnership Agreement (Corporate Property Associates 17 - Global INC)
Reinvestment of Special General Partner Distributions. The Special General Partner, in its sole and absolute discretion, may elect, on an annual basis, to reinvest all, or any portion, of the distributions of Available Cash and Capital Proceeds it receives under Section 5.1 in the Partnership in exchange for the issuance of OP Units. If the Special General Partner elects to reinvest any portion of Available Cash and Capital Proceeds distributed to the Special General Partner under this Agreement, the Special General Partner shall be treated no differently than any Limited Partner making a Capital Contribution to the Partnership under Section 4.34.4.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Carey Watermark Investors 2 Inc), Agreement of Limited Partnership (Corporate Property Associates 18 Global Inc), Limited Partnership Agreement (Carey Watermark Investors 2 Inc)
