Examples of Operating Partnerships in a sentence
As the sole stockholder of Holliday GP (the sole general partner of the Operating Partnerships), the Company operates and controls all of the business and affairs of the Operating Partnerships.
The payments that the Operating Partnership receives with regard to the FF & E under the terms of Article 4.7 of the Lease will not qualify as "rents from real property." Instead, such payments will be treated for federal income tax purposes as payments of principal and interest resulting from the Operating Partnership's deemed financing of Mogul's purchase of the FF & E.
Pursuant to Article 2 of the Lease, the Operating Partnership assigned its interest in the Management Agreement to RoseStar; and pursuant to Article 15.2 of the Management Agreement, RoseStar assumed all of the Operating Partnership's obligations thereunder.
Instead, such costs will be borne by RoseStar pursuant to its assumption of the Operating Partnership's obligations under the Management Agreement.
Pursuant to Article 2 of the Lease, the Operating Partnership will assign its interest in the Management Agreement to RoseStar; and pursuant to Article 18.01 of the Management Agreement, RoseStar will assume all of the Operating Partnership's obligations thereunder.