Examples of Class A REIT Shares in a sentence
If Class A REIT Shares are to be issued in connection with the redemption of Class A Units pursuant to this Section 8.5(b), then the General Partner shall issue such Class A REIT Shares in accordance herewith and the exchange of Class A Units shall be treated in accordance with Section 8.4(b) as if the Class A Units were Tendered Units.
If the Special OP Unitholder elects to immediately redeem its Class A Units, then the Special OP Unitholder shall receive, at its option, upon redemption of such Partnership Units, cash (or in the case of a Termination Event described in Section 8.5(a)(iv) hereof, a non-interest bearing promissory note) or Class A REIT Shares with an aggregate value equal to the Special OP Unit Value as determined under subsection (i) of this Section 8.5(b).
Upon issuance of Class A Interests, Class B Interests and Class C Interests, the Partnership shall as soon as practicable thereafter subscribe for and be issued corresponding Class A REIT Shares, Class B REIT Shares and Class C REIT Shares in one or more REIT Subsidiaries as set forth in Section 3.2(d).
Notwithstanding anything to the contrary above, in the case of any Termination Event described in Section 8.5(a)(iv) hereof, the holder may elect to receive, at its option, upon redemption of such Class A Units, a non-interest bearing promissory note or Class A REIT Shares.
In those cases, it was held that the attachment of a judgment-debtor's interest in immovable property did not stop the running of adverse possession by the trespasser.
The Partners acknowledge and agree that the following Special Fees, to the extent not otherwise borne by the General Partner, shall be borne by the Classes of OP Units in the manner prescribed under Section 5.1G as follows: (a) 7.00% selling commission for each Class A OP Unit (other than Class A OP Units issued in connection with Class A REIT Shares purchased through the General Partner’s distribution reinvestment plan).