Conditions to Obligations of the Operating Partnership Clause Samples
The 'Conditions to Obligations of the Operating Partnership' clause defines the specific requirements that must be satisfied before the Operating Partnership is obligated to perform its duties under the agreement. These conditions may include the fulfillment of certain representations and warranties, the receipt of necessary approvals, or the completion of other contractual milestones by the other parties. By establishing clear prerequisites, this clause ensures that the Operating Partnership is only required to act once all agreed-upon conditions are met, thereby protecting it from premature or unwarranted obligations.
Conditions to Obligations of the Operating Partnership. The obligations of the Operating Partnership are further subject to satisfaction of the following conditions (any of which may be waived by the Operating Partnership in whole or in part):
Conditions to Obligations of the Operating Partnership. The obligations of the Operating Partnership to consummate the transactions contemplated hereby is subject to fulfillment or waiver (by means of a written instrument signed by the Operating Partnership) of all of the following conditions on or prior to the Closing Date:
(a) the Contributors shall have executed and delivered to the Operating Partnership one fully completed Assignment with respect to all of the Contributed Interests;
(b) the REIT shall have received an original OP Agreement executed and delivered by each other party thereto;
(c) The Operating Partnership shall have received a certificate, dated the Closing Date, to the effect that all of the representations and warranties of the Contributors set forth in Section 3.1 are true and correct as of the Closing Date as if made again on and (except to the extent any such representation and warranty expressly specifies otherwise) as of such date.
Conditions to Obligations of the Operating Partnership. The obligations of the Operating Partnership hereunder are subject to the fulfillment, at or before the Closing, of each of the following conditions (all or any of which may be waived in whole or in part by the Operating Partnership in its sole discretion):
Conditions to Obligations of the Operating Partnership. The obligations of the Operating Partnership are further subject to satisfaction of the condition that each of the REIT and the Contributors shall have performed in all material respects all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date.