OP Units Validly Issued. The OP Units, when issued in accordance with the terms of this Agreement and the Partnership Agreement, will have been duly and validly authorized and issued, free of any preemptive or similar rights, and will be fully paid, without any obligation to restore capital, except as required by the Virginia Revised Uniform Limited Partnership Act (the “Limited Partnership Act”).
Appears in 26 contracts
Samples: Contribution Agreement (Armada Hoffler Properties, Inc.), Contribution Agreement (Armada Hoffler Properties, Inc.), Contribution Agreement (Armada Hoffler Properties, Inc.)
OP Units Validly Issued. The OP Units, when issued in accordance with the terms of this Agreement and the Partnership Agreement, will have been be duly and validly authorized and issued, free of any preemptive or similar rights, and will be fully paid, without any obligation to restore capital, except as required by the Virginia Delaware Revised Uniform Limited Partnership Act (the “Limited Partnership Act”).
Appears in 24 contracts
Samples: Contribution Agreement (Alpine Income Property Trust, Inc.), Contribution Agreement (Priam Properties Inc.), Contribution Agreement (Priam Properties Inc.)
OP Units Validly Issued. The OP Units, when issued in accordance with the terms of this Agreement and the Partnership Agreement, will have been be duly and validly authorized and issued, free of any preemptive or similar rights, and will be fully paid, without any obligation to restore capital, except as required by the Virginia Delaware Revised Uniform Limited Partnership Act (the “Limited Partnership Act”).
Appears in 6 contracts
Samples: Contribution Agreement (Postal Realty Trust, Inc.), Contribution Agreement (Postal Realty Trust, Inc.), Contribution Agreement (Postal Realty Trust, Inc.)
OP Units Validly Issued. The OP Units, when issued in accordance with the terms of this Agreement and the Operating Partnership Agreement, will have been be duly and validly authorized and issued, free of any preemptive or similar rights, and will be fully paid, without any obligation to restore capital, except as required by the Virginia Delaware Revised Uniform Limited Partnership Act (the “Limited Partnership Act”).
Appears in 4 contracts
Samples: Contribution Agreement (Physicians Realty Trust), Contribution Agreement (Physicians Realty Trust), Contribution Agreement (Physicians Realty Trust)
OP Units Validly Issued. The OP Units, when issued in accordance with the terms of this Agreement and the Partnership Agreement, will have been duly and validly authorized and issued, free of any preemptive or similar rights, and will be fully paid, without any obligation to restore capital, except as required by a provision of the Virginia Revised Uniform Limited Partnership Act (the “Limited Partnership Act”)) that the Limited Partnership Act does not permit the parties to waive.
Appears in 2 contracts
Samples: Contribution Agreement (Armada Hoffler Properties, Inc.), Contribution Agreement (Armada Hoffler Properties, Inc.)
