Property Partnership LPA definition

Property Partnership LPA means the second amended and restated limited partnership agreement of Brookfield Property L.P., dated the date hereof, as may be amended from time to time;
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Property Partnership LPA means the limited partnership agreement of Brookfield Property L.P. as may be amended or amended and restated from time to time;
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Property Partnership LPA means the Second Amended and Restated Limited Partnership Agreement for the Property Partnership dated August 8, 2013, as amended by the first amendment thereto dated December 4, 2014 (the “First Amendment”), as may be subsequently amended or restated;
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Examples of Property Partnership LPA in a sentence

  • On or prior to the Closing Date, the Property Partnership LPA Amendment shall have been executed by the managing general partner and/or the special limited partner of the Property Partnership and the Amended Property Partnership LPA shall be in full force and effect.

  • Each FV LTIP Unit shall have the terms and conditions specified in the applicable Award Agreement, the Plan and the Property Partnership LPA, and such additional terms and conditions as established by the Administrator, in its sole discretion, that are consistent with the Plan.

  • A Participant who holds FV LTIP Units shall be entitled to only such rights as are afforded to him or her as a holder of FV LTIP Units under the Plan, the Property Partnership LPA and the applicable Award Agreement.

  • Notwithstanding the terms of the Preferred Units, as set forth in Schedule A of the Property Partnership LPA, or so long as the Investor holds (directly or indirectly through one or more Holders) a number of Preferred Units representing a majority of the Preferred Units, the General Partner agrees to jointly select and appoint any such qualified independent financial advisor with the Investor.

  • The Investor also shall notify BPY in writing promptly after the Investor owns (directly or indirectly through one or more Holders) less than five percent (5%) of the issued and outstanding Units (assuming, in each case, conversion of all securities convertible, exchangeable or exercisable into Units (and using the then-applicable Exchange Number (as such term is defined in the Property Partnership LPA) in order to determine the number of Units issuable upon exchange or redemption of the Preferred Units)).

  • Prior to the Closing Date, the Property Partnership LPA Amendment shall have been executed by the managing general partner and the special limited partner of the Property Partnership and the Amended Property Partnership LPA shall be in full force and effect.

  • A Participant who holds BPY AO LTIP Units shall be entitled to only such rights as are afforded to him or her as a holder of BPY AO LTIP Units under the Property Partnership LPA.

  • Each BPY AO LTIP Unit shall have the terms and conditions specified in the applicable BPY AO LTIP Unit Award Agreement and the Property Partnership LPA, and such additional terms and conditions as established by the Board, in its sole discretion, that are consistent with the provisions of this Plan.

  • Without limiting the generality of the foregoing, the Board may, in its sole discretion but subject to the limitations in Article 9, clarify, construe or resolve any ambiguity in any provision of the Plan, any BPY Option Award Notice, any BPY AO LTIP Unit Award Agreement, or, in the case of BPY AO LTIP Units, the Property Partnership LPA, extend the term or period of exercisability of any Awards, or waive any terms or conditions applicable to any Award.

Related to Property Partnership LPA

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

  • GP means Gottbetter & Partners, LLP.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Operating Partnership has the meaning set forth in the preamble.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Public-private partnership agreement means an agreement

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • ETP means Energy Transfer Partners, L.P., a Delaware limited partnership.