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

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 Preferred Units covenants and agrees with the General Partner that all Series D-11 Preferred 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 Series D-11 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

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No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 G-2 Preferred Units covenants and agrees with the General Partner that all Series D-11 G-2 Preferred 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 Series D-11 G-2 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 G-2 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 G-2 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Limited Partnership Agreement (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-12 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-12 Preferred 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 Series D-11 D-12 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-12 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-12 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Lp)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-15 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-15 Preferred 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 Series D-11 D-15 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-15 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-15 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Limited Partnership Agreement (Vornado Realty Lp)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-7 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-7 Preferred 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 Series D-11 D-7 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-7 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-7 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-5 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-5 Preferred 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 Series D-11 D-5 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-5 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-5 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-3 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-3 Preferred 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 Series D-11 D-3 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-3 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-3 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-16 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-16 Preferred 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 Series D-11 D-16 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-16 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-16 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 G-3 Preferred Units covenants and agrees with the General Partner that all Series D-11 G-3 Preferred 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 Series D-11 G-3 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 G-3 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 G-3 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

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No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-14 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-14 Preferred 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 Series D-11 D-14 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-14 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-14 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Lp)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-10 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-10 Preferred 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 Series D-11 D-10 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 D-10 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-10 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Limited Partnership Agreement (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 D-2 Preferred Units covenants and agrees with the General Partner that all Series D-11 D-2 Preferred 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 Series D-11 D-2 Preferred Units which are or may be subject to any liens. Each holder of any Series D-11 D-2 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 D-2 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 G-4 Preferred Units covenants and agrees with the General Partner that all Series D-11 G-4 Preferred 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 Series D-11 G-4 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 G-4 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 G-4 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Vornado Realty Trust)

No Liens on Partnership Units Delivered for Redemption. Each holder of any Series D-11 G-1 Preferred Units covenants and agrees with the General Partner that all Series D-11 G-1 Preferred 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 Series D-11 G-1 Preferred Units which are or may be subject to any liens. Each holder of Series D-11 G-1 Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series D-11 G-1 Preferred Units to the Partnership or the General Partner, such holder shall assume and pay such transfer tax.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Vornado Realty Lp)

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