VALIDITY OF OP UNITS. The OP Units to be issued pursuant to this Agreement will have been duly authorized and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 13 contracts
Samples: Agreement and Plan of Merger (Younan Properties Inc), Agreement and Plan of Merger (Younan Properties Inc), Agreement and Plan of Merger (Younan Properties Inc)
VALIDITY OF OP UNITS. The OP Units to be issued to the Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 7 contracts
Samples: Contribution Agreement, Contribution Agreement (CyrusOne Inc.), Contribution Agreement (CyrusOne Inc.)
VALIDITY OF OP UNITS. The Any OP Units to be issued pursuant to this Agreement will have been duly authorized and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than any Liens created by the Operating Partnership Agreement).
Appears in 6 contracts
Samples: Agreement and Plan of Merger (American Assets Trust, Inc.), Agreement and Plan of Merger (American Assets Trust, Inc.), Agreement and Plan of Merger (American Assets Trust, Inc.)
VALIDITY OF OP UNITS. The OP Units to be issued to each Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership A&R OP Agreement).
Appears in 5 contracts
Samples: Contribution Agreement, Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)
VALIDITY OF OP UNITS. The Any OP Units to be issued pursuant to this Agreement will have been duly authorized and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than any Liens created by the Agreement of Limited Partnership of the Operating Partnership (the “Operating Partnership Agreement”)).
Appears in 4 contracts
Samples: Op Contribution Agreement (American Assets Trust, Inc.), Op Sub Contribution Agreement (American Assets Trust, Inc.), Op Sub Contribution Agreement (American Assets Trust, Inc.)
VALIDITY OF OP UNITS. The issuance of the OP Units to be issued the Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 3 contracts
Samples: Contribution Agreement (Welsh Property Trust, Inc.), Contribution Agreement (Welsh Property Trust, Inc.), Contribution Agreement (American Realty Capital Properties, Inc.)
VALIDITY OF OP UNITS. The issuance of the OP Units to be issued the Advisor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 3 contracts
Samples: Contribution and Exchange Agreement (Global Net Lease, Inc.), Contribution and Exchange Agreement (New York REIT, Inc.), Contribution and Exchange Agreement (American Realty Capital Healthcare Trust Inc)
VALIDITY OF OP UNITS. The issuance of the OP Units to be issued the Special Limited Partner pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 2 contracts
Samples: Contribution and Exchange Agreement (American Realty Capital Properties, Inc.), Contribution and Exchange Agreement (American Realty Capital Trust III, Inc.)
VALIDITY OF OP UNITS. The issuance of the OP Units to be issued the Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 2 contracts
Samples: Contribution Agreement (Welsh Property Trust, Inc.), Contribution Agreement (Welsh Property Trust, Inc.)
VALIDITY OF OP UNITS. The issuance of the OP Units to be issued each Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 2 contracts
Samples: Contribution Agreement (Welsh Property Trust, Inc.), Contribution Agreement (Welsh Property Trust, Inc.)
VALIDITY OF OP UNITS. The issuance of the OP Units to be issued the Special Limited Partner and AREP pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Operating Partnership Agreement).
Appears in 2 contracts
Samples: Contribution and Exchange Agreement (American Realty Capital Properties, Inc.), Contribution and Exchange Agreement (American Realty Capital Trust IV, Inc.)
VALIDITY OF OP UNITS. The OP Units to be issued to each Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Agreement of Limited Partnership of the Operating Partnership (the "Operating Partnership Agreement").
Appears in 1 contract
VALIDITY OF OP UNITS. The Any OP Units to be issued pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnershipissued, free and clear of all Liens created by the Operating Partnership (other than any Liens created by the Operating Partnership Agreement).
Appears in 1 contract
Samples: Agreement and Plan of Merger (Farmland Partners Inc.)
VALIDITY OF OP UNITS. The OP Units to be issued to the Contributor pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the Agreement of Limited Partnership of the Operating Partnership (the "Operating Partnership Agreement").). Section 3.06
Appears in 1 contract
Samples: HBRCT Op Contribution Agreement (Douglas Emmett Inc)
VALIDITY OF OP UNITS. The OP Units to be issued pursuant to this Agreement will have been duly authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnershipissued, free and clear of all Liens created by New REIT or the Operating Partnership (other than Liens created by the Operating Partnership Agreement)Partnership.”
Appears in 1 contract
