Examples of Property Partnership Agreement in a sentence
Further, each of the Property Partnerships has been and will be operated in accordance with the terms and provisions of its Property Partnership Agreement.
Notwithstanding anything in this Agreement to the contrary, if and to the extent that the Partnership raises funds by way of the issuance of equity or debt securities, or otherwise, pursuant to a public offering, private placement or otherwise, the General Partner shall cause such funds to be invested in securities of the Property Partnership in accordance with the terms of the Property Partnership Agreement, unless otherwise agreed by the Partnership and the Property Partnership.
Pursuant to the Property Partnership Agreement, the general partner of the Property Partnership has agreed in writing to permit the transfer of Property Partnership Units pursuant to this Exchange Offer, and has approved the admission of the Purchaser as a substitute Limited Partner.
Pursuant to the Property Partnership Agreement, the general partner of the Property Partnerships and their affiliates receive various fees from the Property Partnerships.
Property Partnership Agreement With respect to the Property Partnership, the Partnership had a 100% interest, during the guaranty period (through December 31, 1989), in the income, losses and cash distributions of the Property Partnership, other than expenses and deductions allocable to AFP-II to the extent of its funding of the Minimum Yield Guaranty (see Note 4).
See "BENEFITS TO RELATED PARTIES" and "CONFLICTS OF INTEREST." The general partner of the Property Partnership may also have a conflict of interest in evaluating certain alternatives available to the Property Partnership, such as the sale or liquidation of the Property Partnership assets, in that such transactions may result in a reduction or termination of fees payable to the general partner's affiliates pursuant to the Property Partnership Agreement or otherwise.
At the Closing, the Operating Partnership and the Mendik Partnership shall execute an amendment to the M 330 Associates Property Partnership Agreement (the "M 330 AMENDMENT") substantially in the form of EXHIBIT P.
Property Partnership and Partnership Agreements Property Partnership Agreement With respect to the Property Partnership, the Partnership had a 100% interest, during the guaranty period (through December 31, 1989), in the income, losses and cash distributions of the Property Partnership, other than expenses and deductions allocable to AFP-II to the extent of its funding of the Minimum Yield Guaranty (see Note 4).
Each Property Partnership Agreement may provide that the General Partner or an Affiliate shall also be entitled to a fee on a sale or refinancing equal to .75% of the sale price or refinance amount, as the case may be, subject to a total cap on fees to third parties and the General Partner or its Affiliate of 1.5% (for example, if an outside broker's fee is 1.5%, no fee shall be payable to the General Partner or its Affiliate).
The Mendik Group has delivered to Vornado complete and correct copies of (i) each Property Partnership Agreement, (ii) the Major Partner Agreements and (iii) the M/S Limited Partners Agreements.