Examples of Excluded Interests in a sentence
The Operating Partnership shall, in exchange for the Partnership Interest and after taking into account the transfer of the Excluded Interests to the Contributor, increase or decrease the number of OP Units issued to the Contributor in accordance with EXHIBIT D hereto.
Such Contributor has no interest, either direct or indirect, in any of the Assets except for (a) the Interests owned by it which are the subject of this Contribution Agreement, (b) the Excluded Interests, where applicable, and (c) direct or indirect interests in partnerships or other entities which are themselves Contributors hereunder.
Grantor makes no representation it owns any Excluded Interests or has title to any such Excluded Interests; provided, however, to Grantor’s actual knowledge, Grantor is unaware of any party claiming ownership in any Excluded Interests.
The Surf Entities agree to consult in good faith with the Chairman of the Company with respect to the use of proceeds raised through the issuance of Excluded Interests and not to use such proceeds to repay any Indebtedness.
Assignor excludes from this Assignment and reserves and retains unto itself the Excluded Interests.