Common use of Conditions to Obligation of the Operating Partnership Clause in Contracts

Conditions to Obligation of the Operating Partnership. The obligations of the Operating Partnership to consummate the transactions contemplated hereby and take the actions to be performed by it in connection with the Closing are subject to satisfaction of the following additional condition: The Partners or Members of the Merging Entity shall have executed the signature page of the Agreement of Limited Partnership of the Operating Partnership and such other documents as shall be necessary for admission as a limited partner of the Operating Partnership.

Appears in 8 contracts

Samples: Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc)

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Conditions to Obligation of the Operating Partnership. The obligations of the Operating Partnership to consummate the transactions contemplated hereby and take the actions to be performed by it in connection with the Closing are subject to satisfaction of the following additional condition: The Partners or Members Stockholders of the Merging Entity Contributor shall have executed the signature page of the Agreement of Limited Partnership of the Operating Partnership and such other documents as shall be necessary for admission as a limited partner of the Operating Partnership.

Appears in 2 contracts

Samples: Contribution Agreement (American Spectrum Realty Inc), Agreement and Plan of Contribution (American Spectrum Realty Inc)

Conditions to Obligation of the Operating Partnership. The obligations of the Operating Partnership to consummate the transactions contemplated hereby and take the actions to be performed by it in connection with the Closing are subject to satisfaction of the following additional condition: The Partners or obligation of the Operating Partnership to deliver Operating Partnership Units to any Members of the Merging Activity shall be subject to such Member of the Merging Entity shall have executed the signature page of the Agreement of Limited Partnership of the Operating Partnership and such other documents as shall be necessary for admission as a limited partner of the Operating Partnership.

Appears in 1 contract

Samples: Merger Agreement (American Spectrum Realty Inc)

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Conditions to Obligation of the Operating Partnership. The obligations of the Operating Partnership to consummate the transactions contemplated hereby and take the actions to be performed by it in connection with the Closing are subject to satisfaction of the following additional condition: The obligation of the Operating Partnership to deliver Operating Partnership Units to any Partners or Members of the Merging Activity shall be subject to such Partner of the Merging Entity shall have executed the signature page of the Agreement of Limited Partnership of the Operating Partnership and such other documents as shall be necessary for admission as a limited partner of the Operating Partnership.

Appears in 1 contract

Samples: Merger Agreement (American Spectrum Realty Inc)

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