Common use of Transfer of Partnership Interests Clause in Contracts

Transfer of Partnership Interests. Pursuant to the transactions --------------------------------- described in the Recitals above, the Withdrawing Partners have ceased to be partners in the Partnership, BPLLC has been admitted as the Managing General Partner of the Partnership with a 0.499798% Percentage Interest and Holdings LLC has been admitted as a Non-Managing General Partner of the Partnership with a 49.479944% Percentage Interest. Prudential shall continue as a Non-Managing General Partner of the Partnership with a 50.020258% Percentage Interest.

Appears in 1 contract

Samples: Partnership Agreement (Boston Properties Inc)

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Transfer of Partnership Interests. Pursuant to the transactions --------------------------------- described in the Recitals above, the Withdrawing Partners have ceased to be partners in the Partnership, BPLLC has been admitted as the Managing General Partner of the Partnership with a 0.4997980.4% Percentage Interest and Holdings LLC has been admitted as a Non-Managing General Partner of the Partnership with a 49.47994439.6% Percentage Interest. Prudential PIC shall continue as a Non-Managing General Partner of the Partnership with a 50.02025860.0% Percentage Interest.

Appears in 1 contract

Samples: Partnership Agreement (Boston Properties Inc)

Transfer of Partnership Interests. Pursuant to the transactions --------------------------------- described in the Recitals above, the Withdrawing Partners have ceased to be partners in the Partnership, BPLLC has been admitted as the Managing General Partner of the Partnership with a 0.4997980.499747% Percentage Interest and Holdings LLC has been admitted as a Non-Managing General Partner of the Partnership with a 49.47994449.474990% Percentage Interest. Prudential shall continue as a Non-Managing General Partner of the Partnership with a 50.02025850.025263% Percentage Interest.

Appears in 1 contract

Samples: Partnership Agreement (Boston Properties Inc)

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Transfer of Partnership Interests. Pursuant to the transactions --------------------------------- described in the Recitals above, the Withdrawing Partners have ceased to be partners in the Partnership, BPLLC has been admitted as the Managing General Partner of the Partnership with a 0.4997980.499830% Percentage Interest and Holdings LLC has been admitted as a Non-Managing General Partner of the Partnership with a 49.47994449.483214% Percentage Interest. Prudential PIC shall continue as a Non-Managing General Partner of the Partnership with a 50.02025850.016956% Percentage Interest.

Appears in 1 contract

Samples: Partnership Agreement (Boston Properties Inc)

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