Common use of Amount of Distributions Clause in Contracts

Amount of Distributions. Without limiting the provisions of Article 5 of the Agreement, a holder of an LP Exchangeable Unit shall be entitled to receive, and the General Partner shall, subject to applicable law, on each Dividend Declaration Date, declare a distribution on each LP Exchangeable Unit: (a) in the case of a cash dividend declared on the Common Stock, in an amount in cash for each LP Exchangeable Unit equal to the cash dividend declared on each share of Common Stock; (b) in the case of a stock dividend declared on the Common Stock to be paid in shares of Common Stock, by the issue or transfer by the Partnership of such number of LP Exchangeable Units for each LP Exchangeable Unit as is equal to the number of shares of Common Stock to be paid on each share of Common Stock, unless in lieu of such Unit distribution the Partnership elects to effect a corresponding and contemporaneous and economically equivalent (as determined by the General Partner in accordance with Section 2.5) subdivision of the outstanding LP Exchangeable Units; or (c) in the case of a dividend declared on Common Stock in property other than cash or shares of Common Stock, in such type and amount of property for each LP Exchangeable Unit as is the same as or economically equivalent to (to be determined by the General Partner as contemplated by Section 2.6) the type and amount of property declared as a dividend on each share of Common Stock. Such distributions shall be paid out of money, assets or property of the Partnership properly applicable to the payment of distributions, or with Units representing limited partnership interests in the Partnership, as applicable. The holders of the LP Exchangeable Units shall not be entitled to any distributions other than or in excess of the distributions referred to in this Section 2.1.