Blackstone GP definition
Examples of Blackstone GP in a sentence
With respect to all or any portion of such proposed Annual Budget or Business Plan as to which no Objection Notice is delivered prior to such thirtieth (30th) day (or such longer period as WHGP or Blackstone GP may have reasonably requested), the proposed Annual Budget or Business Plan or such portion thereof will be deemed to have been accepted and consented to by WHGP and Blackstone GP.
WHGP and Blackstone GP shall promptly inform BGP of actions taken by WHGP and Blackstone GP with respect to any Majority Decision.
The Administering General Partner shall from time to time, but no less frequently than every fiscal quarter, meet with WHGP and Blackstone GP at WHGP's or Blackstone GP's request to discuss the business and affairs of the Partnership or to discuss any particular matter reasonably requested by WHGP or Blackstone GP.
No Partner shall issue any press release or other public communication about the formation or existence of the Partnership without the express written consent of BGP, WHGP and Blackstone GP.
Withdrawals or checks, other than withdrawals or checks made or issued in respect of required mortgage payments, in excess of $500,000 (or, upon notice to the Administering General Partner, such lesser or greater amount as WHGP and Blackstone GP may from time to time determine) shall require the signature of an authorized representative of WHGP or Blackstone GP.
As to any portion of a proposed Annual Budget or Business Plan that is the subject of an Objection Notice, the Annual Budget or Business Plan (as the case may be) for the immediately preceding year shall be deemed to control pending resolution by WHGP and/or Blackstone GP of the disputed items (as adjusted in accordance with Section 3.3(2) above).
The Partnership may change its place of business to such location or locations as may at any time or from time to time be determined by the Administering General Partner and consented to by WHGP and Blackstone GP.
The Blackstone GP and the Whitehall GP each agrees to use commercially reasonable efforts to cooperate with BGP in developing a Revised Section 9.13 Structure which meets the requirements set forth in this Section 9.13(c) and eliminates the necessity of (or reduces the amount of) the guarantees from BGP or its Affiliates.
Berkshire and BGP acknowledge that this covenant is a material inducement to WHGP, Blackstone GP and the Special Limited Partner entering into the Limited Partnership Agreement and that a material breach of this covenant that is not cured after written notice and a reasonable period to cure shall constitute a material breach of the Limited Partnership Agreement entitling such Partners to exercise all remedies available to them at law or in equity.
In the event of a Prime Default, the Prime GP shall automatically be removed as the Managing General Partner and the Blackstone GP will be appointed the successor Managing General Partner; provided that the Blackstone GP shall not serve as Managing General Partner in the event of a Blackstone Default.