Common use of Ownership of OP Units Clause in Contracts

Ownership of OP Units. The Amended and Restated Limited Partnership Agreement of the Operating Partnership is in full force and effect. All of the OP Units issued in exchange for the Primary Shares have been duly authorized and, at the Settlement Date, will be validly issued, fully paid and non-assessable and will be owned by the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity, and none of such OP Units will be issued in violation of any preemptive rights or other similar rights. All of the OP Units to be issued in exchange for any Confirmation Shares have been duly authorized and, when issued and delivered, will be validly issued, fully paid and non-assessable and will be owned by the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity, and none of such OP Units will be issued in violation of any preemptive rights or other similar rights. Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company is the direct or indirect owner of all OP Units.

Ownership of OP Units. The Amended and Restated Limited Partnership Agreement of the Operating Partnership is in full force and effect. All of the OP Units issued in exchange for the Primary Shares have been duly authorized and, at the Settlement Date, will be validly issued, fully paid and non-assessable and will be owned by the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity, and none of such OP Units will be issued in violation of any preemptive rights or other similar rights. All of the OP Units to be issued in exchange for any Confirmation Shares have been duly authorized and, when issued and delivered, will be validly issued, fully paid and non-assessable and will be owned by the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity, and none of such OP Units will be issued in violation of any preemptive rights or other similar rights. Except as disclosed in for any OP Units issued and outstanding under the Registration Statement, the General Disclosure Package and the ProspectusCompany’s 2017 Equity Incentive Plan, the Company is the direct or indirect owner of all OP Units.