Common use of Good Standing of the Subsidiaries Clause in Contracts

Good Standing of the Subsidiaries. Each of the "significant subsidiaries" of the Company listed on Schedule II to this Agreement (collectively, the "Significant Subsidiaries") has been duly organized and is validly existing as a partnership, corporation, limited liability company or real estate investment trust in good standing under the laws of its respective jurisdiction of organization, with all power and authority to own, lease and operate its Properties, and to conduct the business in which it is engaged or proposes to engage as described in the Registration Statement and the Prospectus. Each Significant Subsidiary is duly qualified or registered as a foreign partnership, corporation, limited liability company, or real estate investment trust, and is in good standing in each jurisdiction in which the business conducted by such subsidiary is required and permitted, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure, singly or in the aggregate, to so qualify would not result in a Material Adverse Effect. Each of the partnership or operating agreements of the Significant Subsidiaries is in full force and effect.

Good Standing of the Subsidiaries. Each of the "significant subsidiaries" subsidiaries of the Company or the Operating Partnership listed on Schedule II C to this Agreement (collectively, the "“Significant Subsidiaries") ”), if any, has been duly organized and is validly existing as a partnership, corporation, limited liability company or real estate investment trust in good standing under the laws of its respective jurisdiction of organization, with all power and authority to own, lease and operate its Properties, properties and to conduct the business in which it is engaged or proposes to engage as described in the Registration Statement and the Prospectus. Each Significant Subsidiary is duly qualified or registered as a foreign partnership, corporation, limited liability company, or real estate investment trust, trust and is in good standing in each jurisdiction in which the business conducted by such subsidiary is required and permitted, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure, singly or in the aggregate, to so qualify would not result in a Material Adverse Effect. Each of the partnership organizational documents or operating agreements of the Significant Subsidiaries is in full force and effect.. Other than the Significant Subsidiaries, neither the Company nor the Operating Partnership has any subsidiary that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X.

Good Standing of the Subsidiaries. Each of the "significant subsidiaries" of the Company and the Operating Partnership listed on Schedule II to this Agreement (collectively, the "Significant Subsidiaries") has been duly organized and is validly existing as a partnership, corporation, limited liability company or real estate investment trust in good standing under the laws of its respective jurisdiction of organization, with all power and authority to own, lease and operate its Properties, and to conduct the business in which it is engaged or proposes to engage as described in the Registration Statement and the Prospectus. Each Significant Subsidiary of the subsidiaries of the Company is duly qualified or registered as a foreign partnership, corporation, limited liability company, or real estate investment trust, trust and is in good standing in each jurisdiction in which the business conducted by such subsidiary is required and permitted, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure, singly or in the aggregate, to so qualify would not result in a Material Adverse Effect. Each of the partnership or operating agreements of the Significant Subsidiaries is in full force and effect.