Share Option Plan. If at any time or from time to time, the General Partner sells or otherwise issues Shares pursuant to any Share Option Plan, the General Partner shall transfer the proceeds of the sale of such Shares, if any, to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of Shares so sold divided by the Conversion Factor.
Appears in 9 contracts
Samples: Agreement of Limited Partnership (Gadsden Growth Properties, Inc.), Limited Partnership Agreement (Kite Realty Group Trust), Limited Partnership Agreement (U-Store-It Trust)
Share Option Plan. If at any time or from time to time, the General Partner sells or otherwise issues Shares pursuant to any Share Option Plan, the General Partner shall transfer the net proceeds of the sale of such Shares, if any, Shares to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of Shares so sold divided by the Conversion Factor.
Appears in 9 contracts
Samples: Limited Partnership Agreement (LaSalle Hotel Properties), Limited Partnership Agreement (Lasalle Hotel Properties), Limited Partnership Agreement (Equity Office Properties Trust)
Share Option Plan. If at any time or from time to time, the General Partner Entity sells or otherwise issues Shares pursuant to any Share Option Plan, the General Partner Entity shall transfer or cause to be transferred the proceeds of the sale of such Shares, if any, to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of Shares so sold divided by the Conversion Factor.
Appears in 6 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (American Homes 4 Rent), Limited Partnership Agreement (RLJ Lodging Trust)
Share Option Plan. If at any time or from time to time, the General Partner Entity sells or otherwise issues Common Shares pursuant to any Share Option Plan, the General Partner shall transfer the net proceeds of the sale of such Shares, if any, Common Shares to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of Common Shares so sold divided by the Conversion Factor.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (Host Hotels & Resorts L.P.), Agreement of Limited Partnership (Host Hotels & Resorts, Inc.), Limited Partnership Agreement (Host Hotels & Resorts L.P.)
Share Option Plan. If at any time or from time to time, the Managing General Partner sells or otherwise issues Shares pursuant to any Share Option Plan, the Managing General Partner shall transfer the net proceeds of the sale of such Shares, if any, Shares to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of Shares so sold divided by the Conversion Factor.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Equity Office Properties Trust), Limited Partnership Agreement (Equity Office Properties Trust), Limited Partnership Agreement (Equity Office Properties Trust)
Share Option Plan. If at any time or from time to time, the General Partner sells or otherwise issues REIT Shares pursuant to any Share Option Plan, the General Partner shall transfer the net proceeds of the sale of such Shares, if any, REIT Shares to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of REIT Shares so sold divided by the Conversion Factor.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Burnham Pacific Properties Inc), Limited Partnership Agreement (National Health Realty Inc), Limited Partnership Agreement (National Health Realty Inc)
Share Option Plan. If at any time or from time to time, the ----------------- General Partner sells or otherwise issues Shares pursuant to any Share Option Plan, the General Partner shall transfer the net proceeds of the sale of such Shares, if any, Shares to the Partnership as an additional Capital Contribution in exchange for an amount of additional Partnership Units equal to the number of Shares so sold divided by the Conversion Factor.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Host Marriott Trust), Agreement of Limited Partnership (Host Marriott L P)
