Greenbrier Agreement definition

Greenbrier Agreement means that certain Agreement of Acceptance of the Partnership Agreement executed by Greenbrier and delivered to the General Partner. "Gross Asset Value" of any Contributed Property or Properties contributed by a Partner to the Partnership in connection with the execution of this Agreement means the Net Asset Value of such Contributed Property or Properties as set forth in Exhibit A hereof, increased by any liabilities either treated as assumed by the Partnership upon the contribution of such property or properties or to which such property or properties are treated as subject when contributed pursuant to the provisions of Section 752 of the Code. The Gross Asset Value of any other Contributed Property or Properties means the fair market value of such property or properties at the time of contribution as determined by the General Partner using such reasonable method of valuation as it may adopt. The General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the Gross Asset Value of Contributed Properties contributed in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.
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Greenbrier Agreement means that certain Agreement of Acceptance of the Partnership Agreement executed by Greenbrier and delivered to the General Partner. "Gross Asset Value" of any Contributed Property or Properties contributed by a Partner to the Partnership in connection with the execution of the First Amended Agreement means the Net Asset Value of such Contributed Property or Properties as set forth in Exhibit A thereof, increased by any liabilities either treated as assumed by the Partnership upon the contribution of such property or properties or to which such property or properties are treated as subject when contributed pursuant to the provisions of Section 752 of the Code. The Gross Asset Value of any other Contributed Property or Properties means the fair market value of such property or properties at the time of contribution as determined by the General Partner using such reasonable method of valuation as it may adopt. The General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the Gross Asset Value of Contributed Properties contributed in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values. "HA Development Corporation" means Houston Area Development Corp., a Texas corporation that will own the Falcon Point Property and the Huntington ▇▇▇▇▇ Property.
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Greenbrier Agreement means that certain Agreement of Acceptance of the Partnership Agreement executed by Greenbrier and delivered to the General Partner.
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Examples of Greenbrier Agreement in a sentence

  • Greenbrier has executed and delivered to the General Partner the Greenbrier Agreement.

  • The General Partner, exercising its discretion pursuant to Section 12.2.A hereof, hereby agrees that the Greenbrier Agreement is the sole document required to effectuate the admission to the Partnership of Greenbrier as an Additional Limited Partner.

  • The Greenbrier Agreement contains an "evergreen" provision so that it shall be deemed reexecuted and delivered to the General Partner by Greenbrier if, as and whenever it shall acquire future installments of Partnership Units under the Consultant Unit Agreement if, prior to the acquisition of any such future installment, it shall have exchanged all of its Partnership Units and consequently ceased to be a Limited Partner pursuant to Section 11.6.B hereof.

  • The Greenbrier Agreement contains an “evergreen” provision so that it shall be deemed reexecuted and delivered to the General Partner by Greenbrier if, as and whenever it shall acquire future installments of Partnership Units under the Consultant Unit Agreement if, prior to the acquisition of any such future installment, it shall have exchanged all of its Partnership Units and consequently ceased to be a Limited Partner pursuant to Section 11.6.B hereof.