EPLP definition
Examples of EPLP in a sentence
If EPLP contributes cash to the Partnership, then it will receive that number of Units determined by dividing the amount of cash it has contributed by the Pricing Value.
EPLP has all power and authority under its organizational documents and under applicable Laws to (i) enter into and deliver this Agreement and all other documents to be executed and delivered in connection with the transactions that are the subject of this Agreement, including, without limitation, all Related Agreements, to the extent they are to be executed by EPLP and (ii) perform its obligations under this Agreement and the Related Agreements executed by EPLP.
On October 8, 2002, EOTT Finance, EOTT GP LLC, EPLP, OLP, PLP, CLP and ELP filed the Bankruptcy Case (as hereinafter defined) under chapter 11 of the Bankruptcy Code (as hereinafter defined).
This Agreement constitutes and, upon the execution of the Related Agreements executed by EPLP will constitute, the valid, legal and binding obligations of EPLP, enforceable in accordance with their respective terms, subject to bankruptcy and similar laws affecting the remedies or resources of creditors generally and principles of equity.
The obligation of the Partnership to consummate the transaction contemplated under this Agreement shall be subject to the satisfaction or waiver by the Partnership, on or before the Closing Date, of each of the conditions set forth below and the performance by EMC and EPLP of their respective obligations set forth below and elsewhere in this Agreement.
EPLP has delivered to the Partnership true and complete copies of its limited partnership agreement, certificate of limited partnership, and certificate of good standing in the State of California.
EPLP has been duly formed, is validly existing as a California limited partnership and is duly qualified to do business in all jurisdictions where such qualification is necessary to carry on its business as now conducted.
EPLP and EMC shall execute and deliver the Limited Partnership Agreement, and the Partnership shall issue the Units to the Continuing Partners.
Such redemptions shall be funded by a loan from EPLP to the Partnership.
If the approval, consent or decision of “Essex” is required under this Agreement, or is “Essex” is required to give notice under this Agreement, then any such approval, consent, decision or notice may be given by any of EMC, EPLP or Essex REIT.