Issuance of LTIP Units. From time to time the General Partner may issue LTIP Units to Persons providing services to or for the benefit of the Partnership. LTIP Units shall have the rights, powers, privileges, restrictions, qualifications and limitations specified in Exhibit E hereto. LTIP Units are intended to qualify as profits interests in the Partnership and for the avoidance of doubt, the provisions of Section 4.04 shall not apply to the issuance of LTIP Units.
Appears in 6 contracts
Sources: Limited Partnership Agreement (Gramercy Property Trust), Agreement of Limited Partnership (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Property Trust Inc.)
Issuance of LTIP Units. From The General Partner may from time to time the General Partner may issue LTIP Units to Persons providing who provide services to or for the benefit of the Partnership, for such consideration as the General Partner may determine to be appropriate, and admit such Persons as Limited Partners. Subject to the following provisions of this Section and the special provisions of Sections 4.9, 6.3(b) and 14.4, LTIP Units shall have be treated as Partnership Common Units, with all of the rights, powers, privileges, restrictions, qualifications privileges and limitations specified in Exhibit E hereto. LTIP Units are intended to qualify as profits interests in the Partnership and for the avoidance of doubt, the provisions of Section 4.04 shall not apply to the issuance of LTIP Unitsobligations attendant thereto.
Appears in 4 contracts
Sources: Limited Partnership Agreement (NorthStar Realty Europe Corp.), Agreement of Limited Partnership (NorthStar Realty Europe Corp.), Limited Partnership Agreement (NorthStar Asset Management Group Inc.)
Issuance of LTIP Units. The Partnership shall be authorized to issue Partnership Units of a series designated as “LTIP Units.” From time to time the General Partner may issue LTIP Units to Persons providing services to or for the benefit of the Partnership. LTIP Units shall have the rights, powers, privileges, restrictions, qualifications and limitations specified in Exhibit E hereto. LTIP Units are intended to qualify as profits interests in the Partnership and for the avoidance of doubt, the provisions of Section 4.04 4.5 shall not apply to the issuance of LTIP Units. LTIP Units shall have the terms set forth in Exhibit E attached hereto and made part hereof.
Appears in 4 contracts
Sources: Master Transaction Agreement (JBG SMITH Properties), Master Transaction Agreement (Vornado Realty Lp), Limited Partnership Agreement (Urban Edge Properties)
Issuance of LTIP Units. The Partnership shall be authorized to issue Partnership Units of a class designated as “LTIP Units.” From time to time the General Partner may may, in its sole and absolute discretion, issue LTIP Units to Persons providing services to or for the benefit of the Partnership. LTIP Units shall have the rights, powers, privileges, restrictions, qualifications and limitations specified in Exhibit E hereto. LTIP Units are intended to qualify as profits interests in the Partnership and and, for the avoidance of doubt, the provisions of Section 4.04 4.5 shall not apply to the issuance of LTIP Units. LTIP Units shall have the terms set forth in Exhibit E hereof.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement (Clipper Realty Inc.)
Issuance of LTIP Units. From and after the date hereof the Partnership shall be authorized to issue LTIP Units (including, for the avoidance of doubt, Special LTIP Units). From time to time the General Partner may issue LTIP Units to Persons providing services to or for the benefit of the Partnership. LTIP Units shall have the rights, powers, privileges, restrictions, qualifications and limitations specified in Exhibit E hereto. LTIP Units are intended to qualify as profits interests in the Partnership and for Partnership. LTIP Units shall have the avoidance of doubt, the provisions of Section 4.04 shall not apply to the issuance of LTIP Units.terms set forth in Annex A.
Appears in 1 contract
Sources: Limited Partnership Agreement (Acadia Realty Trust)
Issuance of LTIP Units. From time to time the General Partner may issue LTIP Units to Persons providing services to or for the benefit of the Partnership. LTIP Units shall have the rights, powers, privileges, restrictions, qualifications and limitations specified in Exhibit E G hereto. LTIP Units are intended to qualify as profits interests in the Partnership and for the avoidance of doubt, the provisions of Section 4.04 4.4 shall not apply to the issuance of LTIP Units.
Section 5.1. A of the Partnership Agreement is amended by replacing the text of the first sentence thereof with the following:
Appears in 1 contract
Issuance of LTIP Units. From time to time the General Partner may issue LTIP Units to Persons providing services to or for the benefit of the Partnership. LTIP Units shall have the rights, powers, privileges, restrictions, qualifications and limitations specified in Exhibit E F hereto. LTIP Units are intended to qualify as profits interests in the Partnership and for the avoidance of doubt, the provisions of Section 4.04 4.4 shall not apply to the issuance of LTIP Units.
Section 5.1. A of the Partnership Agreement is amended by replacing the text of the first sentence thereof with the following:
Appears in 1 contract