Common use of Business and Purpose of the Partnership Clause in Contracts

Business and Purpose of the Partnership. Subject to the applicable terms and conditions of the Senior Loan Documents, the business purpose of the Partnership (“Business of the Partnership”) is limited solely to the following: 2.6.1 acquiring, holding, selling, financing, transferring and exchanging the Fee Owner Interests; 2.6.2 acting as the sole member of each Fee Owner;

Appears in 3 contracts

Samples: Partnership Agreement, Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

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Business and Purpose of the Partnership. Subject to the applicable terms and conditions of the Senior Loan Documents, the business purpose of the Partnership ("Business of the Partnership") is limited solely to the following: 2.6.1 acquiring, holding, selling, financing, transferring and exchanging the Fee Owner Interests; 2.6.2 acting as the sole member of each Fee Owner;

Appears in 1 contract

Samples: Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

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