Common use of Private Placement Memorandum Clause in Contracts

Private Placement Memorandum. (a) The Grantor understands and acknowledges that the Private Placement Memorandum, including, but not limited to, the descriptions of the various transactions relating to the formation and business of the Company and the Operating Partnership set forth in the Private Placement Memorandum, are in draft form only, and such transactions are subject to change without the consent of the Grantor. (b) Without limiting the foregoing, such changes may include the deletion (or addition) of one or more properties expected to be acquired by the Operating Partnership and changes in the amount of the indebtedness expected to be repaid with the proceeds of the Offerings. (c) The Operating Partnership shall not be obligated to obtain the Grantor's consent as a result of such changes, although such changes could affect the nature and value of the Grantor's investment in OP Units.

Private Placement Memorandum. (a) The Grantor understands Grantors understand and acknowledges acknowledge that the Private Placement Memorandum, including, but not limited to, the descriptions of the various transactions relating to the formation and business of the Company and the Operating Partnership set forth in the Private Placement Memorandum, are is in draft form only, and such transactions are subject to change without the consent of the GrantorGrantors. (b) Without limiting the foregoing, such changes may include the deletion (or addition) of one or more properties expected to be acquired by the Operating Partnership and changes in the amount of the indebtedness expected to be repaid with the proceeds of the Offerings. (c) The Operating Partnership shall not be obligated to obtain the Grantor's Grantors' consent as a result of such changes, although such changes could affect the nature and value of the Grantor's investment Grantors' investments in OP Units.