Examples of Hines Limited Partner in a sentence
The Hines Limited Partner hereby conveys to the Hines REIT OP all right, title, and interest in and to 35,000 Partnership Units (the “Transferred Units”) held by the Hines Limited Partner, free and clear of all liens and encumbrances other than those created by the Partnership Agreement and this Agreement.
If the Hines REIT OP fails to pay the Deferred Purchase Price in full by June 18, 2005, then the Hines Limited Partner shall be entitled to recover, in addition to the portion of the Deferred Purchase Price not paid, costs of collection, including reasonable attorneys fees.
The Public REIT OP may acquire the Reserved Units in one or more installments of not less than $100,000 (or such lesser amount as the Hines Limited Partner may accept) as Net Proceeds become available.
The Public REIT OP shall have the right and obligation (the "Initial Investment Right") to acquire up to 35,000 of the Partnership Units (the "Reserved Units") held by Hines US Core Office Capital Associates II Limited Partnership (the "Hines Limited Partner") at a price per Unit equal to the Initial Offering Price.
The Public REIT OP shall have the right and obligation (the "Initial Investment Right") to acquire a portion of the Capital Interest (as defined below) in the Partnership held by Hines U.S. Core Office Capital Associates II Limited Partnership (the "Hines Limited Partner") up to a maximum amount of $35 million in interest (the "Interest").
The Hines Limited Partner has full capacity, power, and authority to execute, deliver, and perform its obligations under this Agreement and to convey the Transferred Units.
The Hines Limited Partner shall at all times prior to such date maintain ownership of at least 35,000 Units plus such additional number of Units as shall be necessary, taken together with other interests in the Fund held by Affiliates of Hines, to ensure that the Hines Capital Requirement remains satisfied following the transfer of the Reserved Units to the Public REIT OP.
The Hines Limited Partner’s conveyance of the Transferred Units to the Hxxxx XXX OP and its execution, delivery, and performance of this Agreement have been authorized by all necessary action on the Hines Limited Partner’s behalf, and this Agreement is the Hines Limited Partner’s legal, valid, and binding obligation, enforceable against the Hines Limited Partner in accordance with its terms.
The Hines REIT OP shall pay to the Hines Limited Partner an additional $15,924,151 (the “Deferred Purchase Price”) in cash as soon as it has funds available to make such payment; provided that the Hines REIT OP shall pay the full amount of the Deferred Purchase Price no later than June 18, 2005.
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