Examples of Operating Partnership Amendment in a sentence
At the Closing, Home Properties shall deliver to the Partnership good and marketable title to the OP Units, free and clear of all liens, charges, encumbrances and restrictions, except as contained in the Operating Partnership Agreement, the Registration Rights Agreement, and the Lock-Up Agreement, and shall, by execution of the Operating Partnership Amendment, admit the Partnership as a limited partner in Home Properties.
The Operating Partnership Agreement shall have been executed and delivered and be in full force and effect, and shall not have been amended (other than pursuant to the Operating Partnership Amendment).
The updated resettlement plan was implemented for all road-work contracts.
BPP and the Contributors agree that if BPP were to fail to comply with its obligations under Section 9 of Exhibit C to the Operating Partnership Amendment, the Contributors would be irreparably injured and that damages would not provide an adequate remedy for such failure and accordingly, under those circumstances, that the Contributors shall be entitled to equitable relief to enforce BPP's obligations under Section 9 of Exhibit C to the Operating Partnership Amendment to comply therewith.
The shares of Common Stock and Preferred Stock issuable upon redemption of the Units and Preferred Units in accordance with the provisions of the Operating Partnership Amendment will, upon issuance upon such redemption, (A) be duly and validly issued, fully paid and nonassessable, and (B) will be shares of "Voting Stock" (as defined in the Company Charter).
Each of BSMC, BSMC II, GSF, GSF II and MJL Associates has all power and authority to enter into, deliver and perform its obligations under the Operating Partnership Amendment and the other Related Agreements to which it is a party.
If such holder fails to give such redemption notice within such two Business Day period, then such Unit shall be subject to such restrictions on redemption as may be set forth in the Operating Partnership Agreement, the Operating Partnership Amendment or any document executed pursuant thereof with respect to other Units, as applicable.
The Operating Partnership Agreement shall be amended effective with the Closing Date in the form attached to this Agreement as Exhibit II (the "Operating Partnership Amendment"), to add an exhibit that will provide for the issuance of the Units to Owners and Beneficial Owners (or a Protected Transferee) as provided in this Agreement.