Common use of Authorization of Units Clause in Contracts

Authorization of Units. All issued and outstanding Units have been duly authorized and are validly issued, fully paid and non-assessable and have been offered and sold or exchanged by the Operating Partnership in compliance with all applicable laws (including, without limitation, federal and state securities laws). Except for any outstanding convertible preferred units that are described in the Registration Statement, the General Disclosure Package and the Prospectus, there are no Units reserved for any purpose and there are no outstanding securities convertible into or exchangeable for any Units and no outstanding options, rights (preemptive or otherwise) or warrants to purchase or to subscribe for Units.

Appears in 4 contracts

Samples: Underwriting Agreement (Cedar Realty Trust, Inc.), Equity Offeringsm Sales Agreement (Cedar Realty Trust, Inc.), Execution (Cedar Realty Trust, Inc.)

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