Common use of Operating Partnership Clause in Contracts

Operating Partnership. The Operating Partnership has been and the Company does not know of any event that would cause or would reasonably be expected to cause the Operating Partnership to cease being classified as a partnership for purposes of the Code and the Company does not know of any event that would cause or would reasonably be expected to cause the Operating Partnership to be treated as a corporation, association taxable as a corporation or a publicly traded partnership.

Operating Partnership. The Operating Partnership has been and the Company does not know of any event that would cause or would reasonably be expected is likely to cause the Operating Partnership to cease being classified as a partnership for purposes of the Code and the Company does not know of any event that would cause or would reasonably be expected is likely to cause the Operating Partnership to be treated as a corporation, association taxable as a corporation or a publicly traded partnership.