Common use of Special Allocations Regarding LTIP Units Clause in Contracts

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extent

Appears in 4 contracts

Sources: Agreement of Limited Partnership, Limited Partnership Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Limited Partnership Agreement (Empire State Realty Trust, Inc.)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Common Unit Economic Balance, multiplied by (ii) the number of their LTIP Units. For this purpose, “Liquidating Gains” means net capital

Appears in 2 contracts

Sources: Limited Partnership Agreement (Summit Hotel Properties, Inc.), Limited Partnership Agreement (Summit Hotel Properties, Inc.)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 6.2 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the number of their LTIP Units; provided

Appears in 2 contracts

Sources: Limited Partnership Agreement (Invesco Agency Securities Inc.), Limited Partnership Agreement (Invesco Mortgage Capital Inc.)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the

Appears in 2 contracts

Sources: Limited Partnership Agreement (Empire State Realty Trust, Inc.), Limited Partnership Agreement (Empire State Realty OP, L.P.)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extenttheir

Appears in 1 contract

Sources: Agreement of Limited Partnership (RLJ Lodging Trust)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Class A Unit Economic Balance, multiplied by (ii) the number of their LTIP Units. For this purpose, “Liquidating Gains” means net gains that are or would be realized in

Appears in 1 contract

Sources: Limited Partnership Agreement (RLJ Lodging Trust)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Common Unit Economic Balance, multiplied by (ii) the number of their LTIP Units. For this purpose, “Liquidating Gains” means net capital gains

Appears in 1 contract

Sources: Agreement of Limited Partnership (Hersha Hospitality Trust)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extenttheir Economic

Appears in 1 contract

Sources: Limited Partnership Agreement (Summit Hotel Properties, Inc.)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the Class A Unit Economic Balance,

Appears in 1 contract

Sources: Amended and Restated Agreement of Limited Partnership (Kite Realty Group Trust)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 aboveSections 5.01(a) and (b) hereof, Liquidating Gains shall first be allocated to the LTIP Unitholders until the Economic Capital Account Balances of such Holders, to the extentUnitholders

Appears in 1 contract

Sources: Limited Partnership Agreement (Physicians Realty Trust)

Special Allocations Regarding LTIP Units. Notwithstanding the provisions of Section 6.02 above6.1.A, Liquidating Gains shall first be allocated to the LTIP Unitholders until the their Economic Capital Account Balances of such HoldersBalances, to the extentextent attributable to their ownership of LTIP Units, are equal to (i) the OP Unit Economic Balance, multiplied by (ii) the number of their LTIP ▇▇▇▇▇,

Appears in 1 contract

Sources: Operating Agreement (Broadstone Net Lease, Inc.)