Xxxxxxx Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the Class D Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the Class D Units.
Appears in 4 contracts
Samples: Profits Interest Unit Agreement (Digital Realty Trust, L.P.), Class D Profits Interest Unit Agreement (Digital Realty Trust, L.P.), Class D Profits Interest Unit Agreement (Digital Realty Trust, L.P.)
Xxxxxxx Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the Class D LTIP Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the Class D LTIP Units. .
Appears in 1 contract
Samples: Ltip Unit Agreement (Rexford Industrial Realty, Inc.)
Xxxxxxx Account. The Participant shall make no contribution of capital to the Partnership in connection with the Award and, as a result, the Participant’s Capital Account balance in the Partnership immediately after its receipt of the Class D Profits Interest Units shall be equal to zero, unless the Participant was a Partner in the Partnership prior to such issuance, in which case the Participant’s Capital Account balance shall not be increased as a result of its receipt of the Class D Profits Interest Units.
Appears in 1 contract
Samples: Profits Interest Unit Agreement (Digital Realty Trust, L.P.)