No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees that all Partnership Units delivered for redemption shall be delivered to the Partnership or the Parent, as the case may be, free and clear of all liens; and, notwithstanding anything contained herein to the contrary, neither the 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, 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 Parent, such Limited Partner shall assume and pay such transfer tax.
Appears in 10 contracts
Samples: Limited Partnership Agreement (Freehold Properties, Inc.), Limited Partnership Agreement (Broad Street Realty, Inc.), Agreement of Limited Partnership (Steadfast Apartment REIT, Inc.)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees that all Partnership Units delivered for redemption shall be delivered to the Partnership or the ParentGeneral Partner Entity, as the case may be, free and clear of all liens; and, notwithstanding anything contained herein to the contrary, neither the Parent 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, 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 ParentGeneral Partner Entity, such Limited Partner shall assume and pay such transfer tax.
Appears in 8 contracts
Samples: Limited Partnership Agreement (Jernigan Capital, Inc.), Limited Partnership Agreement (American Homes 4 Rent), Limited Partnership Agreement (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 ParentGeneral Partner, as the case may be, free and clear of all liens; , and, notwithstanding anything contained herein to the contrary, neither the Parent 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, 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 ParentGeneral Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 8 contracts
Samples: Limited Partnership Agreement (LaSalle Hotel Properties), Limited Partnership Agreement (National Health Realty Inc), Limited Partnership Agreement (Lasalle Hotel Properties)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees that all Partnership Units delivered for redemption shall be delivered to the Partnership or the ParentGeneral Partner Entity, as the case may be, free and clear of all liens; and, notwithstanding anything contained herein to the contrary, neither the Parent 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, 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 ParentGeneral Partner Entity, such Limited Partner shall assume and pay such transfer tax.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Four Corners Property Trust, Inc.), Limited Partnership Agreement (Cousins Properties Inc), Master Combination Agreement (New York REIT, Inc.)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants to the Partnership and agrees the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership or the ParentGeneral Partner, as the case may be, free and clear of all liens; and, notwithstanding anything contained herein to the contrary, neither the Parent 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, 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 ParentGeneral Partner, such Limited Partner shall assume and pay such transfer tax.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.), Limited Partnership Agreement (InfraREIT, Inc.)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees that all Partnership Units delivered for redemption shall be delivered to the Partnership or the Parent, as the case may be, free and clear of all liens; and, notwithstanding anything contained herein to the contrary, neither the 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, 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 Parent, such Limited Partner shall assume and pay such transfer tax.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Parkway, Inc.), Limited Partnership Agreement (Parkway, Inc.)
No Liens on Partnership Units Delivered for Redemption. Each Limited Partner covenants and agrees with the Company that all Partnership Units delivered for redemption shall be delivered to the Partnership or the Parent, as the case may be, Company free and clear of all liens; , and, notwithstanding anything contained herein to the contrary, neither the Parent 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, if 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 ParentCompany, such Limited Partner Partners shall assume and pay such transfer tax.
Appears in 1 contract
Samples: Limited Partnership Agreement (Cornerstone Properties Inc)
