Examples of SPG LP in a sentence
In the event that WPG or any other member of the WPG Group seeks to terminate substantially all of the Property Management Agreements and Property Development Agreements (taken together as a whole), WPG shall notify SPG LP and the Parties shall thereafter consult with each other to determine whether any SPG employees shall become WPG employees in connection with such termination.
There are no outstanding securities convertible into or exchangeable for any units of SPG, LP partners' equity and no outstanding options, rights (preemptive or otherwise) or warrants to purchase or to subscribe for units of SPG, LP partners' equity.
All the issued and outstanding units of general, limited and/or preferred partner interests of SPG, LP ("SPG, LP partners' equity") have been duly authorized and are validly issued, fully paid and non-assessable and have been offered and sold or exchanged in compliance with all applicable laws (including, without limitation, federal and state securities laws).
Subject to Clause 4.1 above, the Issuers and the Guarantor hereby authorise each Dealer to circulate copies of the then-current Information Memorandum, and to make oral statements consistent with the then-current Information Memorandum and/or with written information received from an appropriate representative of SPG LP for dissemination to investors in the Notes, to purchasers or potential purchasers of Notes unless and until the appointment of such Dealer is terminated in accordance with Clause 7.1.
Certain commercial general liability and property damage insurance is provided to the Partnership by affiliates of SPG, L.P. Insurance premiums charged to the Partnership are included in property operating expenses in the accompanying Consolidated Statements of Operations.
The Partnership has a management agreement with an affiliate of SPG, L.P. A management fee based on rental income, as defined by the agreement, is charged for management services and is included in property operating expenses in the accompanying Consolidated Statements of Operations.
SPG, LP is duly qualified or registered as a foreign partnership and is in good standing in each jurisdiction in which such qualification or registration is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to so qualify or register would not have a Material Adverse Effect.
Neither SPG LP nor WPG LP will be required to pay any interest on the WPG LP Redemption Amount.
At the Insurance Termination Date, WPG shall, unless it has obtained the prior written consent of SPG or SPG LP, have in effect all insurance programs required to comply with WPG’s contractual obligations and such other insurance policies required by Law or as reasonably necessary or appropriate for companies operating a business similar to WPG’s.
As soon as practicable after the Effective Time, WPG LP shall cause to be distributed to each SPG LP limited partner, in lieu of any fractional WPG LP Interest that such limited partner would have received in the SPG LP Distributions, such limited partner’s pro rata share of the WPG LP Redemption Amount, after deducting any Taxes required to be withheld and applicable transfer Taxes.