No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 14 contracts
Samples: Limited Partnership Agreement (Urban Edge Properties), Limited Partnership Agreement (Urban Edge Properties), Fourth (Gramercy Property Trust Inc.)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General PartnerParent, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner Parent nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerParent, such Limited Partner shall assume and pay such transfer tax.
Appears in 10 contracts
Samples: Agreement (Broad Street Realty, Inc.), Agreement (Education Realty Operating Partnership L P), Freehold Properties, Inc.
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General PartnerPartner Entity, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner Entity nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerPartner Entity, such Limited Partner shall assume and pay such transfer tax.
Appears in 8 contracts
Samples: Jernigan Capital, Inc., American Homes 4 Rent, RLJ Lodging Trust
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 8 contracts
Samples: LaSalle Hotel Properties, Lasalle Hotel Properties, National Health Realty Inc
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General PartnerPartner Entity, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner Entity nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerPartner Entity, such Limited Partner shall assume and pay such transfer tax.
Appears in 6 contracts
Samples: Agreement of Limited Partnership (Kite Realty Group Trust), Carramerica Realty Corp, U-Store-It Trust
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General PartnerPartner Entity, as the case may be, free and clear of all liens, and, notwithstanding anything contained herein to the contrary, neither the General Partner Entity nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerPartner Entity, such Limited Partner shall assume and pay such transfer tax.
Appears in 6 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement (JBG SMITH Properties)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General PartnerPartner Entity, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner Entity nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any Federal, state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerPartner Entity, such Limited Partner shall assume and pay such transfer tax.
Appears in 6 contracts
Samples: Agreement (Four Corners Property Trust, Inc.), Agreement and Plan of Merger (New York REIT, Inc.), Stockholders Agreement (Parkway Properties Inc)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants to the Partnership and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 4 contracts
Samples: InfraREIT, Inc., InfraREIT, Inc., InfraREIT, Inc.
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, liens and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Forest City Realty Trust, Inc.), Limited Partnership Agreement (Forest City Enterprises Inc), Limited Partnership Agreement (Forest City Realty Trust, Inc.)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the Managing General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the Managing General Partner, as the case may be, free and clear of all liens, and, notwithstanding anything contained herein to the contrary, neither the Managing General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the Managing General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Equity Office Properties Trust), Assignment and Assumption Agreement (Equity Office Properties Trust), Equity Office Properties Trust
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any Federal, state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 2 contracts
Samples: FrontView REIT, Inc., FrontView REIT, Inc.
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 2 contracts
Samples: Agreement (Pillarstone Capital Reit), Agreement (Whitestone REIT)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General PartnerParent, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner Parent nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any Federal, state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerParent, such Limited Partner shall assume and pay such transfer tax.
Appears in 2 contracts
Samples: Parkway, Inc., Parkway, Inc.
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Equity Office Properties Trust), Equity Office Properties Trust
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as -49- 56 the case may be, free and clear of all liens, ; and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event if any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 1 contract
Samples: Guaranty Agreement (Equity Office Properties Trust)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner Company that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, Company free and clear of all liens, and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership Company shall not be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner Partners further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership or the General PartnerCompany, such Limited Partner Partners shall assume and pay such transfer tax.
Appears in 1 contract
Samples: Cornerstone Properties Inc
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all liens, and, notwithstanding anything contained herein to the contrary, neither the General Partner nor the Partnership shall be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Limited Partner further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership 50 Units to the Partnership or the General Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 1 contract
Samples: Sl Green Realty Corp
