BHR definition
Examples of BHR in a sentence
The only partners of the Harvard REIT Operating Partnership are the Behringer Harvard REIT (0.1% general partner) and BHR Partners, LLC, a Delaware limited liability company (99.9% limited partner), which is 100% owned by the Behringer Harvard REIT.
Lender hereby approves and consents to the Approved Transactions; provided that (i) the Initial BHR Equity Transfer shall be consummated on or prior to the Effective Date and (ii) the Subsequent BHR Transactions shall be consummated on or prior to March 31, 2015 and Borrower shall notify Lender in writing promptly (but, in any event within thirty (30) days) after the consummation of the Subsequent BHR Transactions.
Notwithstanding anything to the contrary herein, any compensation or other benefits paid to the Executive shall be limited to the extent required by any federal or state regulatory agency having authority over HRB or BHR, including any limitations or prohibitions on payments under Section 5 of this Agreement.
The Executive agrees that compliance by HRB or BHR with such regulatory restrictions, even to the extent that compensation or other benefits paid to the Executive are limited, shall not be a breach of this Agreement by the Company or the Employer.
The Executive understands that in the course of the Executive’s employment by the Employer, the Executive will receive confidential information concerning the business of HRB and BHR and that the Employer desires to protect the confidentiality of such information (hereinafter “Confidential Information”).
Unless otherwise specified hereafter, any services performed by the Executive shall be for the benefit of BHR and, therefore, any payments or benefits paid to the Executive pursuant to this Agreement shall be the sole responsibility of BHR; provided, however, BHR’s obligation to make any payments owed to the Executive under this Agreement shall be discharged to the extent compensation payments are made by HRB.
In connection with this Agreement, (i) the Guarantors shall deliver an Amendment and Joinder to Repayment Guaranty and Hazardous Materials Indemnity Agreement, dated as of the Effective Date, to Lender (the “Amendment and Joinder”) and (ii) BHR shall deliver a Limited Liability Company Certificate Authorizing Limited Liability Company Activity and Execution of Guaranty and Indemnity to Lender.
The Consultant shall prepare a Bridge Hydraulics Report (BHR) for all bridges crossing over a water body including bridge and box culvert widening and replacement.
If the Stockholder fails to perform any covenant to be performed by it under this Agreement, and if, pursuant to Section 7.5 of the Merger Agreement, the Company Termination Fee is paid to Parent by BHR, such Company Termination Fee will constitute liquidated damages and will be Parent's sole and exclusive remedy for any breach by the Stockholder of any of its representations, warranties or covenants under this Agreement.
As of the thirteenth (13th) hour, he is paid at the BHR, plus an increment of a hundred percent (100 %) and, as of the seventeenth (17th) hour, he is paid at the BHR, plus an increment of two hundred percent (200 %).