Transfers in Trust. If any Transfer of Units occurs which, if effective, would result in any Person (excluding the General Partner and the wholly owned subsidiaries (direct and indirect) of the General Partner) Constructively Owning Units in violation of the Ownership Limitation,
Appears in 3 contracts
Samples: Host Hotels & Resorts L.P., Host Hotels & Resorts, Inc., Host Hotels & Resorts L.P.
Transfers in Trust. If any Transfer of Units occurs which, if ------------------ effective, would result in any Person (excluding the General Partner and the wholly owned subsidiaries (direct and indirect) of the General Partner) Constructively Owning Units in violation of the Ownership Limitation,
Appears in 2 contracts
Samples: Host Marriott Trust, Host Marriott L P
Transfers in Trust. If any Transfer of Units occurs which, if effective, would result in any Person (excluding the General Partner and the wholly owned subsidiaries (direct and indirect) of the General Partner) Constructively Owning Units in violation of the Ownership Limitation,, (1) then that number of Units the Constructive Ownership of which otherwise would cause such Person to violate the Ownership Limitation (rounded up to the next whole Unit) shall be automatically transferred to a Charitable Trust for the benefit of a Charitable Beneficiary, as described in Section 12.4, A-42
Appears in 1 contract
Samples: HMC Merger Corp
