Common use of Treatment of Capital Account Clause in Contracts

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Unit Economic Balance.

Appears in 6 contracts

Samples: Term Incentive Plan Award Agreement (Mack Cali Realty L P), Term Incentive Plan Award Agreement (Mack Cali Realty L P), Term Incentive Plan Award Agreement (Mack Cali Realty L P)

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Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.01.D of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and multiplied by the OP Class A Unit Economic Balance.

Appears in 4 contracts

Samples: Fourth (Gramercy Property Trust Inc.), Gramercy Property Trust Inc., Gramercy Capital Corp

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) of the Agreement and applying the LTIP Unit Capital Account Limitation6.3(b), the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units Holder that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of LTIP Unitholder’s Economic Capital Account Balance attributable to the number of LTIP Units converted and the OP Unit Economic Balanceconverted.

Appears in 4 contracts

Samples: NorthStar Realty Europe Corp., NorthStar Realty Europe Corp., NorthStar Asset Management Group Inc.

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 5 of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of CROP LTIP Units that is treated as attributable to his or her CROP LTIP Units shall be reduced, as of the date of conversion, by the product of the number of CROP LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.), Agreement and Plan of Merger (Cottonwood Communities, Inc.)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.E of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units Unitholder shall be reduced, as of the date of conversion, by the product amount of such Economic Capital Account Balance attributable to the number of converted LTIP Units converted and the OP Unit Economic BalanceUnits.

Appears in 3 contracts

Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement (Clipper Realty Inc.), www.sec.gov

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, the portion of the Economic Capital Account Balance of the applicable holder of Class AO LTIP Units that is treated as attributable to his or her LTIP Units Unitholder shall be reduced, as of the date of conversion, by the product amount of such Economic Capital Account Balance attributable to the number of converted Class AO LTIP Units converted and the OP Unit Economic BalanceUnits.

Appears in 3 contracts

Samples: Agreement (Kite Realty Group, L.P.), Agreement (Kite Realty Group, L.P.), Agreement (Kite Realty Group, L.P.)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.E of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and multiplied by the OP Class A Unit Economic Balance.

Appears in 2 contracts

Samples: Sl Green Realty Corp, Sl Green Realty Corp

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i6.3(a) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units Unitholder that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Membership Unit Economic Balance.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.), Limited Liability Company Agreement (Morgans Hotel Group Co.)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i7.3(K) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Unit Economic Balance.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Acadia Realty Trust), Partnership Agreement (Acadia Realty Trust)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 5 of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of CCOP LTIP Units that is treated as attributable to his or her CCOP LTIP Units shall be reduced, as of the date of conversion, by the product of the number of CCOP LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i6.3(b) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units Holder that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Partnership Common Unit Economic Balance.

Appears in 2 contracts

Samples: Northstar Realty, Northstar Realty

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.E of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of 2006 LTIP Units that is treated as attributable to his or her 2006 LTIP Units shall be reduced, as of the date of conversion, by the product of the number of 2006 LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 2 contracts

Samples: Reckson Associates Realty Corp, Reckson Operating Partnership Lp

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i5.01(j) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Medical Properties Trust Inc

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.E of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, the portion of the Economic Capital Account Balance balance of the applicable holder of Class O LTIP Units that is treated as attributable to his or her Class O LTIP Units shall be reduced, as of the date of conversiona Class O Conversion Date, by the product of the number of Class A Units into which such holder’s Class O LTIP Units were converted and on such date multiplied by the OP Class A Unit Economic Balance.

Appears in 1 contract

Samples: Sl Green Operating Partnership, L.P.

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i5.1(k) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: DCT Industrial Trust Inc.

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of Class AO LTIP Units that is treated as attributable to his or her Class AO LTIP Units shall be reduced, as of the date of conversion, by the product of the number of Class AO LTIP Units converted and the OP Unit Economic Balance.

Appears in 1 contract

Samples: Incentive Plan Award Agreement (Mack Cali Realty L P)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) Article IV of the Agreement and applying the LTIP Unit Capital Account LimitationPartnership Agreement, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Agreement (Duke Realty Limited Partnership/)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.01.E of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and multiplied by the OP Class A Unit Economic Balance.

Appears in 1 contract

Samples: Gramercy Property Trust

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 3.10 of the Agreement and applying the LTIP Unit Capital Account LimitationAllocations Exhibit, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as reduced in accordance with the Economic Capital Account Balance of such holder attributable to the date of conversion, by the product of the number of LTIP Units converted and the OP Unit Economic Balanceconverted.

Appears in 1 contract

Samples: Partnership Agreement (Macerich Co)

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Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 5 of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 5 of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of CCOP LTIP Units that is treated as attributable to his or her CCOP LTIP Units shall be reduced, as of the date of conversion, by the product of the number of CCOP LTIP Units converted and the OP Common Unit Economic Balance.. Exhibit J

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cottonwood Communities, Inc.)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.E of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Reckson Operating Partnership Lp

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.F of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Class A Unit Economic Balance.

Appears in 1 contract

Samples: Vornado Realty Lp

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) Article 6 of the Agreement and applying the LTIP Unit Capital Account LimitationPartnership Agreement, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Prologis, L.P.

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i5.1(h) of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units Unitholder shall be reduced, as of the date of conversion, by the product amount of such Economic Capital Account Balance attributable to the number of converted LTIP Units converted and the OP Unit Economic BalanceUnits.

Appears in 1 contract

Samples: Limited Partnership Agreement (Peakstone Realty Trust)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) of the Agreement and applying the LTIP Unit Capital Account LimitationArticle IV, as amended from time to time, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: CatchMark Timber Trust, Inc.

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) of the Agreement 3.B above and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Partnership Common Unit Economic Balance.

Appears in 1 contract

Samples: Douglas Emmett Inc

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i5.01(i) of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Third Amended and Restated Agreement (Behringer Harvard Reit I Inc)

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.F of the Agreement and applying the LTIP Unit Capital Account LimitationAgreement, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units Unitholder shall be reduced, as of the date of conversion, by the product amount of such Economic Capital Account Balance attributable to the number of converted LTIP Units converted and the OP Unit Economic BalanceUnits.

Appears in 1 contract

Samples: Vornado Realty Trust

Treatment of Capital Account. For purposes of making future allocations under Section 7.4(i) 6.1.E of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of 2005 LTIP Units that is treated as attributable to his or her 2005 LTIP Units shall be reduced, as of the date of conversion, by the product of the number of 2005 LTIP Units converted and the OP Common Unit Economic Balance.

Appears in 1 contract

Samples: Reckson Associates Realty Corp

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