Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extent
Appears in 4 contracts
Samples: www.sec.gov, Hannon Armstrong Sustainable Infrastructure Capital, Inc., Empire State Realty Trust, Inc.
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Common Unit Economic Balance, multiplied by (ii) the number of their LTIP Units. For this purpose, “Liquidating Gains” means net capital
Appears in 2 contracts
Samples: Summit Hotel Properties, Inc., Summit Hotel Properties, Inc.
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the
Appears in 2 contracts
Samples: First (Empire State Realty OP, L.P.), First (Empire State Realty Trust, Inc.)
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extenttheir
Appears in 1 contract
Samples: RLJ Lodging Trust
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Class A Unit Economic Balance, multiplied by (ii) the number of their LTIP Units. For this purpose, “Liquidating Gains” means net gains that are or would be realized in
Appears in 1 contract
Samples: RLJ Lodging Trust
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 6.2 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the number of their LTIP Units; provided AMR #123893-v6
Appears in 1 contract
Samples: Management and Operations (Invesco Mortgage Capital Inc.)
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Common Unit Economic Balance, multiplied by (ii) the number of their LTIP Units. For this purpose, “Liquidating Gains” means net capital gains
Appears in 1 contract
Samples: Hersha Hospitality Trust
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the number of their LTIP Xxxxx,
Appears in 1 contract
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extenttheir Economic
Appears in 1 contract
Samples: Summit Hotel Properties, Inc.
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Class A Unit Economic Balance,
Appears in 1 contract
Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 6.2 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the number of their LTIP Units; provided
Appears in 1 contract
Samples: Invesco Agency Securities Inc.
