RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS
RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS 35 8.1 Management of the Partnership 35 8.2 Power of Attorney 35 8.3 Limitation on Liability of Limited Partners 35 8.4 Ownership by Limited Partner of Corporate General Partner or Affiliate 35 8.5 Limited Partner Right of Redemption 36 8.6 Redemption of Special Limited Partnership Units 37 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP UNITS 38 9.1 Purchase for Investment 38 9.2 Restrictions on Transfer of Limited Partnership Units 39 9.3 Admission of Substitute Limited Partner 40 9.4 Rights of Assignees of Partnership Units 41 9.5 Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 41 9.6 Joint Ownership of Units 41
RIGHTS AND OBLIGATIONS OF THE. PhD supervisor
RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS 30 8.1 Management of the Partnership 30 8.2 Power of Attorney 31 8.3 Limitation on Liability of Limited Partners 31 8.4 Exchange Right 31 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 33 9.1 Purchase for Investment 33 9.2 Restrictions on Transfer of Limited Partnership Interests 33 9.3 Admission of Substitute Limited Partner 34 9.4 Rights of Assignees of Partnership Interests 35 9.5 Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 35 9.6 Joint Ownership of Interests 35 9.7 Redemption of Partnership Units 36
RIGHTS AND OBLIGATIONS OF THE. Parties to the Agreement
RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS........................................................ 21 8.1 Management Of The Partnership........................................................................ 21 8.2
RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS 36 8.1 Management of the Partnership 36 8.2 Power of Attorney 36 8.3 Limitation on Liability of Limited Partners 36 8.4 Exchange Right 36 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 38 9.1 Purchase for Investment 38 9.2 Restrictions on Transfer of Limited Partnership Interests 38 9.3 Admission of Substitute Limited Partner 39 9.4 Rights of Assignees of Partnership Interests 40 9.5 Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 41 9.6 Joint Ownership of Interests 41 9.7 Redemption of Partnership Units 41 ARTICLE 10 BOOKS AND RECORDS; ACCOUNTING; TAX MATTERS 41 10.1 Books and Records 41 10.2 Custody of Partnership Funds; Bank Accounts 41 10.3 Fiscal and Taxable Year 42 10.4 Annual Tax Information and Report 42 10.5 Tax Matters Partner; Tax Elections; Special Basis Adjustments 42 10.6 Reports Made Available to Limited Partners 42 ARTICLE 11 AMENDMENT OF AGREEMENT; MERGER 43 ARTICLE 12 GENERAL PROVISIONS 43 12.1 Notices 43 12.2 Survival of Rights 43 12.3 Additional Documents 44 12.4 Severability 44 12.5 Entire Agreement 44 12.6 Pronouns and Plurals 44 12.7 Headings 44 12.8 Counterparts 44 12.9 Governing Law 44 EXHIBIT A GENERAL PARTNER AND ORIGINAL LIMITED PARTNER, CAPITAL CONTRIBUTIONS AND PERCENTAGE INTERESTS 46 EXHIBIT B NOTICE OF EXERCISE OF EXCHANGE RIGHT 47 SECOND AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF STRATEGIC STORAGE OPERATING PARTNERSHIP, L.P. Strategic Storage Operating Partnership, L.P. (the “Partnership”) was formed as a limited partnership under the laws of the State of Delaware, pursuant to a Certificate of Limited Partnership filed with the Office of the Secretary of State of the State of Delaware on August 14, 2007. The First Amended and Restated Limited Partnership Agreement was entered into effective as of March 17, 2008. This Second Amended and Restated Limited Partnership Agreement (“Agreement”) is entered into effective as of March 28, 2014 among Strategic Storage Trust, Inc., a Maryland corporation (the “General Partner”), the Original Limited Partner, the Special Limited Partners and the Limited Partners set forth on Exhibit A hereto, and such additional Limited Partners party hereto from time to time. Capitalized terms used herein but not otherwise defined shall have the meanings given them in Article 1.
RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS 34 8.1 Management of the Partnership 34 8.2 Power of Attorney 34 8.3 Limitation on Liability of Limited Partners 34 8.4 Ownership by Limited Partner of Corporate General Partner or Affiliate 34 8.5 Limited Partner Right of Redemption 34 8.6 Redemption of Special Limited Partnership Units 36
RIGHTS AND OBLIGATIONS OF THE. LIMITED PARTNERS 40 8.1. Management of the Partnership 40 8.2. Power of Attorney 40 8.3. Limitation on Liability of Limited Partners 41 8.4. Ownership by Limited Partner of General Partner or Affiliate 42 8.5. Redemption Right 42 8.6. Conversion Election 44 8.7. Outside Activities of Limited Partners 45 ARTICLE 9 TRANSFERS OF LIMITED PARTNERSHIP INTERESTS 45 9.1. Purchase for Investment 45 9.2. Restrictions on Transfer of Limited Partnership Interests 46 9.3. Admission of Substitute Limited Partner 47 9.4. Rights of Assignees of Partnership Interests 48 9.5. Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner 48 9.6. Joint Ownership of Interests 49 ARTICLE 10 BOOKS AND RECORDS; ACCOUNTING; TAX MATTERS 49 10.1. Books and Records 49 10.2. Custody of Partnership Funds; Bank Accounts 49 10.3. Fiscal and Taxable Year 49 10.4. Annual Tax Information and Report 49 10.5. Tax Elections; Special Basis Adjustments 50 10.6. Reports to Limited Partners 51 ARTICLE 11 DISSOLUTION, LIQUIDATION AND TERMINATION 51 11.1. Dissolution 51 11.2. Winding Up 52 11.3. Deemed Contribution and Distribution 53 11.4. Rights of Holders 54 11.5. Notice of Dissolution 54 11.6. Cancellation of Certificate of Limited Partnership 54 11.7. Reasonable Time for Winding-Up 54
RIGHTS AND OBLIGATIONS OF THE. Parties The lessee shall be obliged to:
