ISSUANCE OF OP UNITS. The OP Units when issued, will be duly and validly authorized and issued, free of any preemptive or similar rights, without any obligation to restore capital except as required by the DRULPA or as agreed between the OP and any limited partner in the OP.
Appears in 2 contracts
Sources: Merger Agreement (Summit Hotel Properties, Inc.), Merger Agreement (Summit Hotel Properties, LLC)