Operating Partnership definition
Examples of Operating Partnership in a sentence
An Affiliate of the Advisor has made a capital contribution of $1,000 to the Operating Partnership in exchange for Special OP Units.
The Operating Partnership will repurchase any such Class I OP Units for cash based on the then current NAV unless the Board determines that any such repurchase for cash would be prohibited by applicable law or the Charter, in which case such Class I OP Units will be repurchased for the Company’s Class I Shares with an equivalent aggregate NAV as of such date.
Any notice, report or other communication required or permitted to be given hereunder shall be in writing unless some other method of giving such notice, report or other communication is required by the Charter, the Bylaws or is accepted by the party to whom it is given, and shall be given by being delivered by hand or by overnight mail or other overnight delivery service to the addresses set forth herein: To the Board, the Company or the Operating Partnership: Cantor F▇▇▇▇▇▇▇▇▇ Income Trust, Inc.
The Company and the Operating Partnership hereby appoint the Advisor to serve as their advisor and asset manager subject to the terms and upon the conditions set forth in this Agreement, and the Advisor hereby accepts such appointment.
The Advisor shall at all reasonable times have access to the books and records of the Company and the Operating Partnership.