Units Validly Issued. The Units, when issued, will have been duly and validly authorized and issued, free of any preemptive or similar rights, without any obligation to restore capital except as required by the Delaware Revised Uniform Limited Partnership Act (the “Limited Partnership Act”) or as agreed between the Operating Partnership and any limited partner in the Operating Partnership.
Appears in 5 contracts
Samples: Development Services Rights Contribution Agreement (Republic Property Trust), Contribution Agreement (Republic Property Trust), Development Services Rights and Management Services Rights Contribution Agreement (Republic Property Trust)
Units Validly Issued. The Units, when issued, will have been duly and validly authorized and issued, free of any preemptive or similar rights, without any obligation to restore capital except as required by the Delaware Revised Uniform Limited Partnership Act (the “Limited Partnership Act”) or as agreed between the Operating Partnership and any limited partner in the Operating Partnership.
Appears in 1 contract
Samples: Contribution Agreement (Rpt 1425) (Republic Property Trust)
