BILP definition
Examples of BILP in a sentence
The terms and provisions of this Agreement shall be binding upon and enure to the benefit of BILP and BAM and their respective successors and permitted assigns.
At the Closing Time, BILP shall deliver to BAM a certificate representing the RPUs registered in the name of BAM, against payment to BILP by wire transfer of the Subscription Amount.
BAM may, at any time prior to the Closing Time assign all, or any part of, its rights and benefits under this Agreement to any subsidiary of BAM who delivers an instrument in writing to BILP confirming that it is bound by and shall perform all of the obligations of BAM under this Agreement as if it were an original signatory; provided that, no such assignment shall relieve BAM of its obligations under this Agreement.
The obligations of BILP and BAM to complete the purchase and sale of the RPUs at the Closing Time is conditional upon the completion or concurrent completion of the issuance of LP Units pursuant to the terms of the Underwriting Agreement.
BII, BILP and NBF are hereinafter referred to collectively as the "Borrower." Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meanings assigned to them in the Loan Agreement.
The Lenders agree that all Liens in any Property of BILP or any of its Subsidiaries, held by or for the benefit of them or any other Secured Party (other than the Liens granted in and to the Property covered by the Reaffirmation Agreements) shall be automatically released on the Amendment No. 2 Closing Date and the Lenders shall, and shall direct the Collateral Agent, to take all reasonable actions at the request and expense of the Borrowers, to release of record any such released Liens.
Notices and other communications will be addressed as follows: If to Sublicensor: Brookfield Global Asset Management Inc First F▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇ Attn: Secretary If to Sublicensee: BILP General Partner Inc.
BILP and the Restricted Subsidiaries have not engaged in any business or activity other than the ownership of the Equity Interests referred to in the preceding sentence and activity incidental thereto (including owing or holding Affiliate Subordinated Debt).
BIP shall use its reasonable commercial efforts to conduct an offering of BIP LP Units (the “BIP Offering”), on terms reasonably acceptable to BIP, in order to raise sufficient funds, together with the proceeds from the issuance of Redemption-Exchange Units pursuant to Section 2.3, to fund the purchase of the BILP Offered Assets.
Notwithstanding anything contained in this Guarantee or the Indenture to the contrary, the obligations of BIP and BILP hereunder will be performed, satisfied and paid only out of, and enforced only against, and recourse will only be had against, the assets of BIP and BILP, respectively.