Operating Partnership Agreement definition

Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

Operating Partnership Agreement means the Limited Partnership Agreement of the Operating Partnership, as amended from time to time.

Operating Partnership Agreement means the agreement of limited partnership of any Operating Partnership that is a limited partnership, or any limited liability company agreement of any Operating Partnership that is a limited liability company that is treated as a partnership for federal income tax purposes, as such may be amended, supplemented or restated from time to time.

Examples of Operating Partnership Agreement in a sentence

• To the extent that the Articles of Incorporation or the Operating Partnership Agreement as in effect on the date hereof impose obligations or restrictions on the Advisor or grant the Advisor certain rights which are not set forth in this Agreement, the Advisor shall abide by such obligations or restrictions and such rights shall inure to the benefit of the Advisor with the same force and effect as if they were set forth herein.

• To the extent that the Articles of Incorporation or the Operating Partnership Agreement impose obligations or restrictions on the Advisor or grant the Advisor certain rights which are not set forth in this Agreement, the Advisor shall abide by such obligations or restrictions and such rights shall inure to the benefit of the Advisor with the same force and effect as if they were set forth herein.

• The Special OP Units shall be entitled to the distributions provided for, and shall be subject to redemption by the Operating Partnership, in accordance with the terms of the Operating Partnership Agreement.

• The Advisor warrants that it will use reasonable care to avoid any act or omission that would conflict with the terms of the Charter, the Bylaws, the Registration Statement, or the Operating Partnership Agreement in the absence of the express direction of a majority of the Independent Directors.

• Upon the earliest to occur of the termination or nonrenewal of this Agreement for Cause, a Termination Event, or a Liquidity Event, all of the Special OP Units shall be redeemed by the Operating Partnership in accordance with the terms of the Operating Partnership Agreement.

More Definitions of Operating Partnership Agreement

Operating Partnership Agreement means the Agreement of Limited Partnership of the Operating Partnership, dated as of April 24, 2014, among the Company, New York City Special Limited Partnership, LLC, and the Advisor, as the same may be amended from time to time.

Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of December 8, 2016, as amended and in effect as of the date of this Agreement.

Operating Partnership Agreement means the Agreement of Limited Partnership of the Operating Partnership dated as of December 16, 2013.

Operating Partnership Agreement means the agreement among the Company, the Advisor and NorthStar OP Holdings, LLC.

Operating Partnership Agreement means the limited partnership agreement by and among the Company, the Sponsor and Rodin Income Trust OP Holdings, LLC, as amended.

Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

Operating Partnership Agreement means the Limited Partnership Agreement of the Operating Partnership.