Common use of No Liens on Partnership Units Delivered for Redemption Clause in Contracts

No Liens on Partnership Units Delivered for Redemption. Each Partner covenants and agrees that all Partnership Units delivered for redemption pursuant to this Section 8.6 shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all Liens. 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 Partner further agrees that, 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 pursuant to this Section 8.6, such Partner shall assume and pay such transfer tax.

Appears in 19 contracts

Samples: Limited Partnership Agreement (Healthcare Realty Holdings, L.P.), Merger Agreement (Healthcare Realty Trust Inc), Limited Partnership Agreement (American Healthcare REIT, Inc.)

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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 pursuant to this Section 8.6 shall be delivered to the Partnership or the General Partner, as the case may be, free and clear of all Liens. Notwithstanding 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 Liensliens. Each Limited Partner further agrees that, if in the event any state or local property transfer tax is payable as a result of the Transfer transfer of its Partnership Units to the Partnership or the General Partner pursuant to this Section 8.6Partner, 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), Limited Partnership Agreement (Gramercy Property 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 pursuant to this Section 8.6 shall be delivered to the Partnership or the General PartnerPartner Entity, as the case may be, free and clear of all Liens. Notwithstanding 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 Liensliens. Each Limited Partner further agrees that, if any state or local property transfer tax is payable as a result of the Transfer transfer of its Partnership Units to the Partnership or the General Partner pursuant to this Section 8.6Entity, such Limited Partner shall assume and pay such transfer tax.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Kite Realty Group Trust), Limited Partnership Agreement (Carramerica Realty Corp), Limited Partnership Agreement (U-Store-It Trust)

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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 pursuant to this Section 8.6 shall be delivered to the Partnership or the General PartnerPartner Entity, as the case may be, free and clear of all Liens. Notwithstanding 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 Liensliens. Each Limited Partner further agrees that, if in the event any state or local property transfer tax is payable as a result of the Transfer transfer of its Partnership Units to the Partnership or the General Partner pursuant to this Section 8.6Entity, such Limited Partner shall assume and pay such transfer tax.

Appears in 6 contracts

Samples: Limited Partnership Agreement (JBG SMITH Properties), Limited Partnership Agreement, Limited Partnership Agreement (JBG SMITH Properties)

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