Common use of Organization, Valid Existence and Partnership Power of the Operating Partnership Clause in Contracts

Organization, Valid Existence and Partnership Power of the Operating Partnership. The Operating Partnership is a limited partnership duly formed and validly existing under the laws of the State of Delaware, is duly authorized to transact business under the laws of any state in which the character of the properties owned or leased by it therein or in which the transaction of its business makes such qualification necessary has all requisite partnership power and authority to execute and deliver this Agreement and all other documents and instruments to be executed and delivered by it hereunder and to perform its obligations hereunder and thereunder in accordance with the terms and conditions hereof and thereof.

Organization, Valid Existence and Partnership Power of the Operating Partnership. The Operating Partnership is a limited partnership duly formed organized and validly existing under the laws of the State of Delaware, is duly authorized to transact business under the laws of any state in which the character of the properties owned or leased by it therein or in which the transaction of its business makes such qualification necessary necessary, and has all requisite partnership power and authority to execute and deliver this Agreement and all other documents and instruments to be executed and delivered by it hereunder and to perform its obligations hereunder and thereunder in accordance with the terms and conditions hereof and thereof.