Common use of Partnership Capitalization Clause in Contracts

Partnership Capitalization. The Borrower Partnership Agreement (i) is the only agreement among the partners thereto relating to the organization, operation, or management of the Borrower Partnership, (ii) is in full force and effect and (iii) has not been amended or modified. The Transferor Partnership and the Borrower Corporate General Partner are the sole partners of the Borrower Partnership. The address of the Transferor Partnership and the Borrower Corporate General Partner is 000 Xxxxx Xxxxxx, Suite 200, Baltimore, Maryland 21208. Each of the Transferor Partnership and the Borrower Corporate General Partner owns a 50% general partnership interest in the Borrower Partnership. No partner of the Borrower Partnership is in default with respect to any capital contribution required to be paid by it pursuant to the Borrower Partnership Agreement. A true, correct and complete copy of the Borrower Partnership Agreement is attached hereto as Exhibit IX. The Borrower Partnership has no commitment to issue any right to purchase or acquire or to issue or distribute to the partners thereof any evidences of indebtedness or assets; and the Borrower Partnership has no obligation, contingent or otherwise, to purchase, redeem or otherwise acquire any interest in the Borrower Partnership or any interest therein or to make any distribution in respect thereof.

Partnership Capitalization. The Borrower Partnership Agreement (i) is the only agreement among the partners thereto relating to the organization, operation, or management of the Borrower Partnership, (ii) is in full force and effect and (iii) has not been amended or modified. The Transferor Partnership and the Borrower Corporate General Partner are the sole partners of the Borrower Partnership. The address of the Transferor Partnership and the Borrower Corporate General Partner is 000 Xxxxx Xxxxxx124 Slade Avenue, Suite 200, Baltimore, Maryland 21208. Each of the Transferor Partnership Xxxxxxxxxx Xxxxxxxxxxx and the Borrower Corporate General Partner owns a 50% general partnership interest in the Borrower Partnership. No partner of the Borrower Partnership is in default with respect to any capital contribution required to be paid by it pursuant to the Borrower Partnership Agreement. A true, correct and complete copy of the Borrower Partnership Agreement is attached hereto as Exhibit IX. The Borrower Partnership has no commitment to issue any right to purchase or acquire or to issue or distribute to the partners thereof any evidences of indebtedness or assets; and the Borrower Partnership has no obligation, contingent or otherwise, to purchase, redeem or otherwise acquire any interest in the Borrower Partnership or any interest therein or to make any distribution in respect thereof.