Property Partnerships definition

Property Partnerships means and include any partnership or other Entity in which the Partnership, directly or indirectly, is or becomes a partner or other equity participant and which is formed for the purpose of acquiring, developing or owning a Property or a proposed Property.

Property Partnerships means and include any partnership or other entity in which the Partnership is or becomes a partner or other equity participant and which is formed for the purpose of acquiring, developing or owning a Property or a proposed Property.

Property Partnerships means those entities (other than the Operating Partnership), such as limited liability companies, general and limited partnerships and trusts that own one or more of the Properties.

Examples of Property Partnerships in a sentence

• All leases and subleases under which the Operating Partnership, any other Simon Entity or any Property Partnerships hold properties are in full force and effect, except for such which would not have a Material Adverse Effect.

• Each of the Operating Partnership, the Company and the Property Partnerships maintains insurance covering its properties, assets, operations, personnel and businesses, and such insurance is of such type and in such amounts in accordance with customary industry practice to protect it and its business.

• Each of the partnership agreements of the Property Partnerships is in full force and effect.

• Each of the Property Partnerships is duly qualified or registered as a foreign partnership to transact business and is in good standing in each jurisdiction in which such qualification or registration is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to so qualify or register would not have a Material Adverse Effect.

• Each of the Property Partnerships has the requisite power and authority to own, lease and operate its properties, and to conduct the business in which it is engaged.

More Definitions of Property Partnerships

Property Partnerships means the following limited partnerships involved in the Consolidation Transactions: (i) Avonplace Associates Limited Partnership, (ii) Burgundy Associates Limited Partnership, (iii) Grove-Ellington Associates Limited Partnership, (iv) Grove-Enfield Associates Limited Partnership, (v) Grove Longmeadow Associates Limited Partnership, (vi) Grove-Manchester Associates Limited Partnership, (vii) Grove-Newington Associates Limited Partnership, (viii) Grove Opportunity Fund II Limited Partnership, (ix) Grove-Plainville Associates Limited Partnership, (x) Grove Properties III Limited Partnership, (xi) Grove Taunton Associates Limited Partnership, (xii) Grove-Vernon Associates Limited Partnership, (xiii) Grove-West Hartford Associates Limited Partnership, (xiv) Grove-West Springfield Associates Limited Partnership, (xv) Grove-Westfield Associates Limited Partnership, (xvi) Grove Westwynd Associates Limited Partnership, (xvii) Nautilus Properties Limited Partnership and (xviii) Shoreline London Associates Limited Partnership.

Property Partnerships means the partnerships which owned the Properties prior to their contribution to the Partnership.

Property Partnerships means the partnerships and limited liability companies identified as such on Exhibit C attached hereto.

Property Partnerships means collectively each Property Partnership purchasing a Portfolio Property in the Heritage Transaction.

Property Partnerships means and include any partnership or other Entity in which the Partnership is or becomes a partner or other equity participant and which is formed for the purpose of acquiring, developing or owning a Property or a proposed Property. "Qualified Individual" shall have the meaning set forth in Section 13.2(b) hereof. "Reduction Factor" shall mean the lesser of (i) the quotient of the Common Unit Distribution Amount for such quarter divided by the Floor Distribution and (ii) one. "Registered Agent" shall have the meaning set forth in Section 2.5 hereof. "Registered Office" shall have the meaning set forth in Section 2.5 hereof.

Property Partnerships means and include any partnership or other Entity in which the Partnership is or becomes a partner or other equity participant and which is formed for the purpose of acquiring, developing or owning a Property or a proposed Property. "Qualified Individual" shall have the meaning set forth in Section 13.2(b) hereof. "Registered Agent" shall have the meaning set forth in Section 2.5 hereof. "Registered Office" shall have the meaning set forth in Section 2.5 hereof.

Property Partnerships means those Entities controlled, directly or indirectly, by the General Partner, other than the Partnership.