Common use of Organization, Status and Rights Clause in Contracts

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the Act. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 4 contracts

Samples: Agreement (Broad Street Realty, Inc.), Freehold Properties, Inc., Steadfast Apartment REIT, Inc.

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Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth in the Original Agreement. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 4 contracts

Samples: Stockholders Agreement (Parkway Properties Inc), Education Realty Operating Partnership L P, U-Store-It Trust

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth in the Original Agreement, as amended by this Agreement. The Partners hereby confirm and agree to their status as partners Members of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 3 contracts

Samples: Carramerica Realty Operating Partnership Lp, Carramerica Realty Corp, Kite Realty Group Trust

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth in this Agreement. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Great Ajax Corp.), Chesapeake Lodging Trust, Chesapeake Lodging Trust

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth in the Original Agreement. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.this

Appears in 2 contracts

Samples: Republic Property Trust, Republic Property Trust

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the Act. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 2 contracts

Samples: Agreement (Pillarstone Capital Reit), Agreement (Whitestone REIT)

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Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth in the Original Agreement. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.. Exhibit 10.1

Appears in 1 contract

Samples: Agreement (Education Realty Operating Partnership L P)

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth herein. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue conduct the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 1 contract

Samples: American Homes 4 Rent

Organization, Status and Rights. The Partnership is a limited partnership organized pursuant to the provisions of the ActAct and upon the terms and conditions set forth in the Prior Partnership Agreement. The Partners hereby confirm and agree to their status as partners of the Partnership and to continue the business of the Partnership on the terms set forth in this Agreement. Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New York REIT, Inc.)

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