Operating Partnership definition

Operating Partnership has the meaning set forth in the preamble.

Operating Partnership shall have the meaning set forth in the preamble of this Agreement.

Operating Partnership has the meaning set forth in the Recitals.

Examples of Operating Partnership in a sentence

• As the sole general partner of the Operating Partnership, we generally have the power to manage and have complete control over the conduct of the Operating Partnership’s affairs and all decisions or actions made or taken by us as the general partner pursuant to the partnership agreement are generally binding upon all of the partners and the Operating Partnership.

• The Operating Partnership is structured to permit limited partners holding certain classes or series of OP Units to exchange those OP Units for shares of our common stock (in a taxable transaction) and achieve liquidity for their investment.

• We use taxable REIT subsidiaries to offer certain services to our residents and engage in activities that would not otherwise be permitted under the REIT rules if provided directly by us or by the Operating Partnership.

• The interests in the Operating Partnership held by the partners are referred to herein as OP Units.

• Sun is a REIT and the sole general partner of the Operating Partnership.

More Definitions of Operating Partnership

Operating Partnership shall have the meaning set forth in the Preamble and also shall include the Operating Partnership's successors.

Operating Partnership means American Realty Capital Operating Partnership II, L.P., an Affiliate of the Company through which the Company may own Assets.

Operating Partnership means AmeriGas Propane, L.P.

Operating Partnership has the meaning set forth in the Recitals hereto.

Operating Partnership means AIMCO Properties, L.P., a Delaware limited partnership.

Operating Partnership means AMB Property, L.P., a Delaware limited partnership.

Operating Partnership means the Person named as the “Operating Partnership” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Operating Partnership” shall mean such successor Person.