Common use of Fund Structure Clause in Contracts

Fund Structure. (a) The Partnership will invest in real estate properties in the United States indirectly through Operating Companies in which the Partnership holds or hereafter acquires a direct or indirect interest. The term “Operating Company” means an Entity in which the Partnership holds a direct or indirect equity interest and which may issue equity interests to one or more Persons which are not Affiliates of the Partnership. The Partnership may from time to time organize such Operating Companies as the Managing General Partner deems necessary or advisable to accomplish the objectives of the Partnership, so long as the Constituent Documents of any such Operating Company, together with any other agreements entered into in connection with the organization of such Operating Company, provide the Partnership, the Managing General Partner or another H▇▇▇▇ Controlled Entity, directly or indirectly, with Control of such Operating Company. The Partnership, each Operating Company and any Entity in which an Operating Company holds a direct or indirect interest is sometimes referred to in this Agreement as a “Fund Entity”. The Partnership and all other Fund Entities collectively are sometimes referred to herein as the “Fund”. Each Partner, and each Person that holds an equity interest in any Operating Company or other Fund Entity or which makes an equity investment in any Property in which any Operating Company invests, and which is designated as such by the Managing General Partner, shall be deemed a “Fund Investor”. The Managing General Partner shall promptly notify each Partner of the identity and notice address of any Person designated a Fund Investor.

Fund Structure. (a) The Partnership will invest in real estate properties in the United States indirectly through Operating Companies in which the Partnership holds or hereafter acquires a direct or indirect interest. The term “"Operating Company” " means an Entity in which the Partnership holds a direct or indirect equity interest and which may issue equity interests to one or more Persons which are not Affiliates of the Partnership. The Partnership may from time to time organize such Operating Companies as the Managing General Partner deems necessary or advisable to accomplish the objectives of the Partnership, so long as the Constituent Documents of any such Operating Company, together with any other agreements entered into in connection with the organization of such Operating Company, provide the Partnership, the Managing General Partner or another H▇▇▇▇ Hines Controlled Entity, directly or indirectly, with Control of ▇▇ such Operating Company. The Partnership, each Operating Company and any Entity in which an Operating Company holds a direct or indirect interest is sometimes referred to in this Agreement as a “"Fund Entity”". The Partnership and all other Fund Entities collectively are sometimes referred to herein as the “"Fund”". Each Partner, and each Person that holds acquires or subscribes for an equity interest in any Operating Company or other Fund Entity or which makes an equity investment in any Property in which any Operating Company invests, and which is designated as such by the Managing General Partner, shall be deemed a “"Fund Investor”". The Managing General Partner shall promptly notify each Partner of the identity and notice address of any Person designated a Fund Investor.

Fund Structure. (a) The Partnership will invest in real estate properties in the United States indirectly through Operating Companies in which the Partnership holds or hereafter acquires a direct or indirect interest. The term “"Operating Company” " means an Entity in which the Partnership holds a direct or indirect equity interest and which may issue equity interests to one or more Persons which are not Affiliates of the Partnership. The Partnership may from time to time organize such Operating Companies as the Managing General Partner deems necessary or advisable to accomplish the objectives of the Partnership, so long as the Constituent Documents of any such Operating Company, together with any other agreements entered into in connection with the organization of such Operating Company, provide the Partnership, the Managing General Partner or another H▇▇▇▇▇ Controlled Entity, directly or indirectly, with Control of such Operating Company. The Partnership, each Operating Company and any Entity in which an Operating Company holds a direct or indirect interest is sometimes referred to in this Agreement as a “"Fund Entity”". The Partnership and all other Fund Entities collectively are sometimes referred to herein as the “"Fund”". Each Partner, and each Person that holds acquires or subscribes for an equity interest in any Operating Company or other Fund Entity or which makes an equity investment in any Property in which any Operating Company invests, and which is designated as such by the Managing General Partner, shall be deemed a “"Fund Investor”". The Managing General Partner shall promptly notify each Partner of the identity and notice address of any Person designated a Fund Investor.