BREP VI definition
Examples of BREP VI in a sentence
BREA represents that as of the date hereof, BREA is wholly-owned, directly or indirectly, by BREP VI.
BREA may make a Transfer (i) to any Affiliate of BREA, (ii) with respect to indirect Transfers of its interests in the Company, to any other person or entity, so long as following such Transfer, BREA remains an Affiliate of BREP VI, or (iii) subject to the provisions of ARTICLE X and the CP Group’s rights thereunder, in connection with the sale of all or a portion of its interests to a third party.
Capital Commitment Investments shall be valued annually as of the end of each year (and at such other times as deemed appropriate by the Managing Member) in accordance with the principles utilized by BREA VI (or any other Affiliate that is a general partner of BREP VI) in valuing investments of BREP VI or, in the case of investments not held by BREP VI, in the good faith judgment of the Managing Member, subject in each case to the second proviso of the immediately succeeding sentence.
The Managing Member may from time to time establish such repurchase rights and/or other requirements with respect to the Members’ GP-Related Member Interests relating to GP-Related BREP VI Investments as the Managing Member may determine.
Notwithstanding the foregoing, the provisions of Sections 5.8(d)(i) and (iii) shall inure to the benefit of the limited partners or other investors in BREP VI, and such limited partners or investors shall have the right to enforce the provisions thereof to the extent the Company does not otherwise do so.