BP Loan definition

BP Loan means the loan to BPI in the aggregate amount of $24.0 million held by the Fund. “BP Rights” means:
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BP Loan means the loan to BPI in the aggregate amount of $24,000,000 held by the Fund. “BP Rights” means:
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BP Loan means the Fund’s loan to BPI in the aggregate amount of $24.0 million. “BP Rights” means:
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Examples of BP Loan in a sentence

  • The Equity Redemption Loan will, upon the earlier of the redemption of PIC Realty Corporation from the Partnership or the 90th day after the date of execution of this Agreement, be repaid through (i) a draw on the Credit Agreement by the Partnership of approximately $19,700,000 and (ii) cash of the Partnership in an amount equal to approximately $76,300,000, which cash will represent proceeds from the repayment of the Special BP Loan.

  • The Equity Redemption Loan will, upon the earlier of the redemption of The Prudential Insurance Company of America from the Partnership or the 90th day after the date of execution of this Agreement, be repaid through (i) a draw on the Credit Agreement by the Partnership of approximately $66,000,000 and (ii) cash of the Partnership in an amount equal to approximately $26,600,000, which cash will represent proceeds from the repayment of the Special BP Loan.

  • The Equity Redemption Loan will, upon the earlier of the redemption of PIC Realty Corporation from the Partnership or the 90th day after the date of execution of this Agreement, be repaid through (i) a draw on the Credit Agreement by the Partnership of approximately $6,600,000 and (ii) cash of the Partnership in an amount equal to approximately $67,600,500, which cash will represent proceeds from the repayment of the Special BP Loan.

  • The Equity Redemption Loan will, upon the earlier of the redemption of The Prudential Insurance Company of America from the Partnership or the 90th day after the date of execution of this Agreement, be repaid through (i) a draw on the Credit Agreement by the Partnership of approximately $8,826,000 and (ii) cash of the Partnership in an amount equal to approximately $57,100,000, which cash will represent proceeds from the repayment of the Special BP Loan.


More Definitions of BP Loan

BP Loan means the loan to BPI in the aggregate amount of approximately $24 million that was acquired by the Trust from an affiliate of Scotia Capital Inc. on the Closing of the Offering;
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