Common use of ISSUANCE OF OP UNITS Clause in Contracts

ISSUANCE OF OP UNITS. The Operating Partnership shall, in exchange for the Partnership Interest and after taking into account the transfer of the Excluded Interests to the Contributor, increase or decrease the number of OP Units issued to the Contributor in accordance with EXHIBIT D hereto. The increase or decrease of OP Units Issued to the Contributor shall be evidenced by either an amendment (the "Amendment") to the OP Agreement or by certificates relating to such units (the "Certificates") in either case, as shall be acceptable to the Contributor. The parties shall take such additional actions and execute such additional documentation as may be required by the Partnership Agreement and the OP Agreement in order to effect the transactions contemplated hereby.

ISSUANCE OF OP UNITS. The Operating Partnership shall, in exchange for the Partnership Interest and after taking into account the transfer of the Excluded Interests to the ContributorContibutor, increase or decrease the number of OP Units issued to the Contributor in accordance with EXHIBIT D hereto. The increase or decrease of OP Units Issued to the Contributor shall be evidenced by either an amendment (the "Amendment") to the OP Agreement or by certificates relating to such units (the "Certificates") in either case, as shall be acceptable to the Contributor. The parties shall take such additional actions and execute such additional documentation as may be required by the Partnership Agreement and the OP Agreement in order to effect the transactions contemplated hereby.