Operating Partnership Agreement definition
Examples of Operating Partnership Agreement in a sentence
With respect to all OP Incentive Units that are repurchased pursuant to the Operating Partnership Agreement, the Investment Manager shall be entitled to such OP Incentive Fee in an amount calculated as described above with respect to the portion of the year for which such OP Incentive Units were outstanding, and proceeds for any such OP Incentive Units repurchased will be reduced by the amount of any such OP Incentive Fee.
In the performance of its duties hereunder, the Investment Manager will comply with the provisions of the Declaration of Trust, the Operating Partnership Agreement and the Fund’s investment objectives, guidelines and restrictions (hereinafter the “Investment Guidelines”), as described in the Fund’s Confidential Private Placement Memorandum (as revised from time to time, the “Memorandum” and together with the Declaration of Trust and the Operating Partnership Agreement, the “Fund Documents”).