Examples of Crescent Equities in a sentence
GENERAL PARTNER: CRESCENT REAL ESTATE EQUITIES, LTD., A Delaware corporation, on its own behalf and as attorney-in-fact for the Limited Partners pursuant to Sections 2.4 and 14.1.B of the Effective Agreement (other than Crescent Equities) By: /s/ David M.
If Crescent Equities elects to pay all or any portion of the consideration to an Exchanging Person in cash, the Crescent Group agrees to use its best efforts to raise any required funds as quickly as possible after receipt of the Notice of Exchange.
Any Partnership Units transferred to Crescent Equities in connection with the exercise of the Exchange Rights shall be canceled.
The Exchange Right shall be exercised pursuant to a Notice of Exchange delivered to Crescent Equities by the Exchanging Person, accompanied by any certificate or certificates evidencing the Partnership Units to be exchanged.
Notwithstanding the foregoing, the General Partner shall use its best efforts to cause the Partnership to distribute sufficient amounts to enable Crescent Equities to pay shareholder dividends that will (i) allow Crescent Equities to achieve and maintain qualification as a REIT, and (ii) avoid the imposition of any additional taxes under Section 857 or Section 4981 of the Code.
In connection with the foregoing, and without limiting Crescent Equities' right in its sole discretion to cease qualifying as a REIT, the Partners acknowledge that Crescent Equities' current status as a REIT inures to the benefit of all the Partners and not solely the Crescent Group.
Lesser was an employee of Crescent Equities prior to his acquiring voting stock in HBCLP.
Moreover, to the extent that the Operating Partnership would be treated as directly owning HBCLP's limited partner interest in Hudson Bay Partners, L.P. ("HB Partners"), the Operating Partnership would be treated as owning any securities held by HB Partners, and such deemed ownership could cause Crescent Equities to be treated as owning more than 10 percent of the voting securities of one or more issuers in violation of section 856(c)(5)(B).
Furthermore, Crescent Equities has represented that the Operating Partnership will act independently of the limited partners in SMA.
Crescent Equities has also represented that none of the Subsidiary Partnerships will file an election to be treated as a corporation.