BKP definition
Examples of BKP in a sentence
Pending liens as of the Closing Date shall be assumed by BKP; provided, however, that if the improvement for which any such pending lien was levied was substantially completed as of the Closing Date, such pending lien shall be treated as a certified lien and paid by Contributor.
BKP and its authorized agents and representatives (for purposes of this Article V, the “Licensee Parties”) shall continue to have the right, subject to the rights of the Tenants, to enter upon the Real Property at all reasonable times during normal business hours to perform such tests and inspections of the Property as BKP may deem appropriate.
THIS AGREEMENT REFLECTS THE MUTUAL AGREEMENT OF CONTRIBUTOR AND BKP, AND BKP HAS THE RIGHT TO CONDUCT ITS OWN INDEPENDENT EXAMINATION OF THE PROPERTY.
The copies of the Leases heretofore delivered by Contributor to BKP are true, correct and complete copies thereof in all material respects.
BKP shall reimburse Contributor on demand for Contributor’s reasonable costs in undertaking and completing such cure.
The parties agree that Contributor shall have the right to file, maintain, control and settle the protest of the real property taxes relating to the Property for the full calendar years prior to the Closing, and BKP shall cooperate in connection therewith.
BKP shall be given reasonable advance notice of, and it or its representative may be present to observe, any testing or other environmental activities performed at the Property.
BKP may not assign its rights under this Agreement, except with the prior written consent of Contributor, which consent may be withheld in the sole and absolute discretion of Contributor, and any purported assignment in contravention of the foregoing provisions shall be null and void and of no force and effect.
BKP may, but shall not be obligated to, offer employment to all of the employees of Contributor or its Affiliate at the Property covered by the Collective Bargaining Agreements and previously identified by Contributor to BKP (the “Specified Employees”).
In order to assure compliance with the requirements of Section 6045 of the Internal Revenue Code of 1986, as amended (the “Code”), and any related reporting requirements of the Code, the Title Agent agrees to assume all responsibilities for information reporting required under Section 6045(e) of the Code, and Contributor and BKP hereby designate the Title Agent as the person to be responsible for all information reporting under Section 6045(e) of the Code.