Examples of BILP in a sentence
BIC 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 BIC under this Agreement as if it were an original signatory; provided that, no such assignment shall relieve BIC of its obligations under this Agreement.
Upon completion of the BIP Offering, BIP is required pursuant to the terms of the limited partnership agreement of BILP to invest the proceeds in managing general partner units of BILP.
At the Closing Time, BILP shall deliver to BIC a certificate representing the RPUs registered in the name of BIC, against payment to BILP by wire transfer of the Subscription Amount.
Pursuant to the terms and conditions of this Agreement, BIC wishes to subscribe for 7,104,300 RPUs of BILP.
S = The number of hours that Peaking Energy is scheduled during such month, but not less than 60 hours times the Peaking Contract Demand.Such reduction in charges shall fulfill Southwestern’s obligation to deliver Hydro Peaking Power and Peaking Energy.
The obligations of BILP and BIC 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.
BIC will, with respect to this Agreement, execute, deliver and file or assist BILP in obtaining and filing such reports, undertakings and other documents relating to the purchase of the RPUs by BIC as may be required by any securities commission, stock exchange or other regulatory authority.
Concurrently with the issue of LP Units to the Underwriters pursuant to the Underwriting Agreement (the “ Closing Date”), BIC shall subscribe for and purchase from BILP and BILP shall issue and sell to BIC, 7,104,300 RPUs at a price per RPU equal to $56.304, being the dollar equivalent of the Public Price, less underwriting commissions payable by BIP per LP Unit, for an aggregate price (the “Subscription Amount”) equal to $400,000,507.20 and on the other terms and conditions contained in this Agreement.
Optimization AlgorithmsThe optimization problem in (5) is a binary linear integer program (BILP) and it can be easily noticed that this is an NP-hard problem [14].
To find an optimal solution, conventionally the problem is formulated as an Binary Integer Linear Program (BILP).