Examples of AMB LP in a sentence
On the basis of this review, AMB LP has reasonably concluded that such associated liabilities and costs, including, without limitation, the costs of compliance with Environmental Laws, are unlikely to have a Material Adverse Effect.
If AMB LP shall enter into any forward equity contracts, AMB LP may only settle the same by delivery of stock, it being agreed that if AMB LP shall settle the same with cash, the same shall constitute an Event of Default hereunder unless AMB LP shall have received the unanimous consent of the Banks to settle such forward equity contracts with cash.
During the continuance of a monetary Event of Default, AMB LP shall only pay partnership distributions that are necessary to enable AMB to make those dividends necessary to maintain AMB’s status as a real estate investment trust.
In order to induce the Administrative Agent and each of the other Banks which is or may become a party to this Agreement to make the Loans, each of AMB LP and AMB Corporation, as applicable, make the following representations and warranties as of the Closing Date.
AMB LP’s primary business will not be substantially different from that conducted by AMB LP on the Closing Date and shall include the ownership, operation and development of Real Property Assets and any other business activities of AMB LP and its Subsidiaries will remain incidental thereto.
The charges, accruals and reserves on the books of the AMB LP, AMB and their Consolidated Subsidiaries in respect of taxes or other governmental charges are, in the opinion of AMB LP, adequate.
AMB, as general partner of AMB LP, has the power and authority to execute, deliver and carry out the terms and provisions of each of the Loan Documents on behalf of AMB LP to which AMB LP is a party and has taken all necessary action to authorize the execution and delivery on behalf of AMB LP and the performance by AMB LP of such Loan Documents.
AMB LP shall not permit the ratio of Secured Debt to Total Asset Value of AMB LP to exceed 0.25:1 at any time.
AMB Corporation will continue to be the managing general partner of AMB LP.
AMB LP shall pay the Extension Fee on or before the Extension Date.