Examples of JBG Operating Partners in a sentence
In addition, unless the Master Agreement shall have been terminated in accordance with its terms, any such amendment, waiver, supplement or modification shall be subject to the prior written consent of JBG Operating Partners.
Except as set forth on Section 4.4(c) of the JBG Disclosure Letter, each Subsidiary of JBG Operating Partners is and, immediately prior to the Closing, will be, directly or indirectly wholly owned, beneficially and of record by JBG Operating Partners and neither JBG Operating Partners nor any of its Subsidiaries owns directly or indirectly any other capital stock, limited liability company or partnership interest, joint venture interest or other Equity Interest in any other Person.
Other than through its Equity Interests in JBG Operating Partners, JBG Properties owns no Equity Interests in any Person.
Given the nature of the business that we underwrite and the Company’s limited purchase of retrocessional reinsurance, the Company faces relatively low risk from liquidity and credit risks.
Each of the Parties covenants and agrees to the extent applicable to it as follows (it being understood that the covenants and agreements of any JBG Party are as to itself and not as to the other JBG Parties and are several and not joint; provided, that with respect to any covenant or agreement of any JBG Fund, such covenant or agreement is made jointly and severally by such JBG Fund and JBG Operating Partners).
All of the JBG Included Interests, Managing Member Interests and the Equity Interests in each of JBG Operating Partners and JBG Properties, are duly authorized, validly issued (and with respect to any corporate or trust Equity Interests, fully paid and non-assessable), and free and clear of all Liens, except for JBG Permitted Liens.
Other than as reflected in the JBG Operating Partners Financial Statements, the JBG Management Entities do not have any material amount of Indebtedness.
The tax provision related to the acquisition of JBG Operating Partners for the year ended December 31, 2016 represents the income tax effect of JBG Operating Partners' taxable REIT subsidiaries using an estimated 40% effective income tax rate.
Table of Contents The tax provision related to the acquisition of JBG Operating Partners for the year ended December 31, 2016 represents the income tax effect of JBG Operating Partners' taxable REIT subsidiaries using an estimated 40% effective income tax rate.
Reflects the elimination of intercompany management fees and intercompany fees for legal, marketing and other services of $1,361 provided by JBG Operating Partners to the JBG Operating Assets that were acquired in the combination.