4Partnership Matters. The Series T Limited Units which will be part of the Total Consideration, when issued and delivered in accordance with the terms of this Agreement for the consideration described herein, will be duly and validly issued, and free of any Liens other than any Liens arising through the Contributor.
4Partnership Matters. The Common Units and Preferred Units issuable to the Contributor as part of the Total Consideration, when issued and delivered in accordance with the terms of this Agreement, will be duly and validly issued, and free of any Liens other than any Liens arising through the Contributor. Upon the acceptance by the Operating Partnership of the Subscription Agreement, the issuance of the Common Units and the Preferred Units to the Contributor and the Contributor’s execution of a counterpart to the Partnership Agreement, the Contributor will be admitted as a limited partner of the Operating Partnership.
