Operating Partnership. The Operating Partnership will be classified as a partnership for purposes of the Code and will not be treated as a publicly traded partnership, association or corporation.
Appears in 28 contracts
Sources: Purchase Agreement (Pebblebrook Hotel Trust), Purchase Agreement (Pebblebrook Hotel Trust), Atm Equity Offering Sales Agreement (Pebblebrook Hotel Trust)
Operating Partnership. The Operating Partnership has been and will continue to be classified as a partnership for purposes of the Code and will not be treated as a corporation, association taxable as a corporation or a publicly traded partnership, association or corporation.
Appears in 2 contracts
Sources: Underwriting Agreement (Whitestone REIT), Underwriting Agreement (Whitestone REIT)