Examples of New LP in a sentence
Pursuant to the Restructuring a real estate investment trust (the “REIT”) will be formed to own and control the general partner of PropCo (“PropCo GP”) and to hold PropCo New LP Interests.
All New Senior Secured Notes, New Convertible Notes, New Common Stock, and New LP Units to be distributed under the Plan shall be issued on the Effective Date regardless of when the distribution of such instrument actually occurs.
On and after the Effective Date, if applicable, the Reorganized LP is authorized to issue, or cause to be issued, and shall issue the New LP Units in accordance with the terms of the Plan without the need for any further corporate, limited liability company, or shareholder action.
All of the New LP Units distributable under the Plan shall be duly authorized, validly issued, and fully paid and non-assessable.
In reliance on this representation, Cellco hereby waives, on behalf of itself and on behalf of New LP, its right, under Section 14.02(i) of the Transaction Agreement, to receive, as a condition to its obligation to consummate the Closing, any consents in connection with the assignment to New LP of such agreements.