Common use of Termination by the Operating Partnership Clause in Contracts

Termination by the Operating Partnership. The Operating Partnership shall have the right to terminate this Agreement at any time prior to the Closing following the occurrence of either of the following events: (a) as to any Contributor and such Contributor’s respective Unit Recipient, the determination that any representation or warranty of such Contributor or such Contributor’s Unit Recipient contained herein is no longer true or correct, and that such representation or warranty cannot reasonably be expected to be true and correct at the Closing; or (b) as to all the Contributors and Unit Recipients, at any time for any reason.

Termination by the Operating Partnership. The Operating Partnership shall have the right to terminate this Agreement as to all of the Contributors at any time prior to the Closing following the occurrence of either any of the following events: (a) as to any Contributor and such Contributor’s respective Unit Recipient, the determination that any representation or warranty of such Contributor or such Contributor’s Unit Recipient contained herein is no longer true or correct, and that such representation or warranty cannot reasonably be expected to be true and correct at the Closing; or (b) as to all the Contributors and Unit RecipientsContributors, at any time for any reason.