OP Credit Agreement definition

OP Credit Agreement means any revolving credit facility, Borrower, as borrower, may enter into with one or more unaffiliated banking institutions, as same may be amended, restated or replaced in its entirety from time to time.

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OP Credit Agreement means any revolving credit facility, Operating Partnership, as borrower, may enter into with one or more unaffiliated banking institutions, as same may be amended, restated or replaced in its entirety from time to time.

OP Credit Agreement means that certain Credit Agreement, dated as of April 25, 2016, by and among the OP, the financial institutions referred to as Lenders therein and the Administrative Agent referred to therein (as the same may be amended, supplemented or otherwise modified from time to time).

Examples of OP Credit Agreement in a sentence

Promptly upon the delivery thereof, a copy of each notice (other than a request for a borrowing), certificate, financial statement, report and forecast and all other information delivered by (or on behalf of) the Operating Partnership, REIT Parent or any of their Subsidiaries to the Agents or the Lenders (as such terms are defined in the OP Credit Agreement) pursuant to the OP Credit Agreement, including without limitation, Section 5.03 of the OP Credit Agreement.
The OP Credit Agreement Representations are each true and correct.
An OP Credit Agreement ERISA Default (each OP Credit Agreement ERISA Default being hereby incorporated herein by reference) shall occur.
The Borrower shall not enter into, assume or otherwise be bound by any Negative Pledge other than under the OP Credit Agreement.
There is no unused “Commitment” under the OP Credit Agreement that the Operating Partnership then is qualified to borrow.
There is no unused “Commitment” under the OP Credit Agreement that the Borrower then is qualified to borrow.
Provided that such distribution is not prohibited by the OP Credit Agreement, Borrower will cause the OP Partnership to distribute to the Borrower the net cash proceeds from the issuance of any capital raise, which the Borrower shall apply to ratably prepay the Advances immediately upon the receipt thereof.
The Operating Partnership will perform, comply with and be bound by, for the benefit of the Agent and the Lenders, each of its agreements, covenants and obligations contained in Article V of the OP Credit Agreement (other than those contained in Section 5.01(f), (j), (k), (l), (o) and (s) and Section 5.02(o)), each of which (together with the related definitions and ancillary provisions) is hereby incorporated herein by reference.
Information 37 Section 8.1. Financial Information 37 Section 8.2. Information Provided under OP Credit Agreement 37 Section 8.3. Other Information 37 Article IX.
For the avoidance of doubt, nothing herein or in any other Loan Document shall restrict the pledge by the Operating Partnership of its direct and indirect equity interests in its subsidiaries, including the Borrower, pursuant to the OP Credit Agreement and the Loan Documents (as defined in the OP Credit Agreement).

More Definitions of OP Credit Agreement

OP Credit Agreement means that certain Credit Agreement dated as of June 27, 2003 by and among the Operating Partnership, the REIT Parent, the Persons party thereto as “Guarantors,” the Persons party thereto as “Lenders,” Citicorp North America, Inc., as Administrative Agent, and the other parties thereto, as amended by that certain First Letter Amendment and Limited Waiver dated as of October 28, 2003, as further amended by that certain Second Letter Amendment dated as of January 8, 2004, and as further amended by that certain Limited Waiver dated as of July 21, 2004.

OP Credit Agreement. The Senior Secured Revolving Credit Agreement dated as of May 1, 2006, by and among OP Guarantor, Parent Guarantor, KeyBank, individually and as Agent, and the other banks from time to time a party thereto, as the same may be modified, amended or restated. OP Guarantor: Republic Property Limited Partnership, a Delaware limited partnership. Opening of the Loan or Loan Opening: The first disbursement of Loan proceeds, other than proceeds advanced as of the date of this Agreement for the acquisition of the Project and closing costs. Parent Guarantor. Republic Property Trust, a Maryland real estate investment trust. Patriot Act Customer Identification Process: That certain customer identification and review process established by the Agent pursuant to the requirements of 31 U.S.C. §5318(1) and 31 C.F.R. §103.121 to verify the identity of all permitted transferees of interests in the Borrower and any assignees of a portion of the Loan hereunder.

OP Credit Agreement means that certain Credit Agreement dated as of March 15, 2005 by and among the Operating Partnership, the REIT Parent, ▇▇▇▇▇▇▇ Properties Holdings I, LLC, the Persons party thereto as “Guarantors,” the Persons party thereto as “Lenders,” Credit Suisse First Boston, as Administrative Agent and Collateral Agent, and the other parties thereto.