BPY Partnership Agreement definition
Examples of BPY Partnership Agreement in a sentence
BPY shall take all steps necessary under the BPY Partnership Agreement to effect the issuance of the Applicable Number of BPY Units to the Redemption-Exchange Unitholder, including by issuing a certificate in the name of the Redemption-Exchange Unitholder upon request and subject to the terms of the BPY Partnership Agreement.
If the distribution rate per annum on the BPY Series 1 Units issued by BPY shall increase or decrease pursuant to Section 2(B)(b)(ii) of Part II of Schedule A of the BPY Partnership Agreement, then the Series 5 Distribution Rate shall increase or decrease, as applicable, by the same amount beginning on the same date as the BPY Series 1 Units.
If the distribution rate per annum on the BPY Series 3 Units issued by BPY shall increase or decrease pursuant to Section 2(B)(b)(ii) of Part IV of Schedule A of the BPY Partnership Agreement, then the Series 7 Distribution Rate shall increase or decrease, as applicable, by the same amount beginning on the same date as the BPY Series 3 Units.
If BPY shall be required, pursuant to Section 2(B)(e) of Part III of Schedule A of the BPY Partnership Agreement to pay additional amounts to holders of the BPY Series 2 Units, the Partnership shall pay to the Series 6 Holders such additional amounts as distributions on the Series 6 Units as may be necessary such that the additional amounts paid as distributions by the Partnership shall equal the additional amounts paid by BPY pursuant to 2(B)(e) of Part III of Schedule A of the BPY Partnership Agreement.
If BPY shall be required, pursuant to Section 2(B)(e) of Part IV of Schedule A of the BPY Partnership Agreement to pay additional amounts to holders of the BPY Series 3 Units, the Partnership shall pay to the Series 7 Holders such additional amounts as distributions on the Series 7 Units as may be necessary such that the additional amounts paid as distributions by the Partnership shall equal the additional amounts paid by BPY pursuant to 2(B)(e) of Part IV of Schedule A of the BPY Partnership Agreement.
If BPY shall be required, pursuant to Section 2(B)(e) of Part II of Schedule A of the BPY Partnership Agreement to pay additional amounts to holders of the BPY Series 1 Units, the Partnership shall pay to the Series 5 Holders such additional amounts as distributions on the Series 5 Units as may be necessary such that the additional amounts paid as distributions by the Partnership shall equal the additional amounts paid by BPY pursuant to 2(B)(e) of Part II of Schedule A of the BPY Partnership Agreement.
Other than as specifically contemplated in the Agreement, the BPY Units issued to any holder of Series 3 Units pursuant to Section 8.2.1 will be issued in accordance with the BPY Partnership Agreement.
If the distribution rate per annum on the BPY Series 2 Units issued by BPY shall increase or decrease pursuant to Section 2(B)(b)(ii) of Part III of Schedule A of the BPY Partnership Agreement, then the Series 6 Distribution Rate shall increase or decrease, as applicable, by the same amount beginning on the same date as the BPY Series 2 Units.
For every data point in the set, a value can bealso written as Q2.
Other than as specifically contemplated in the Agreement, the BPY Units issued to any holder of Series 2 Units pursuant to Section 8.2.1 will be issued in accordance with the BPY Partnership Agreement.