BPY definition

BPY means Brookfield Property Partners L.P., a Bermuda limited partnership.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

BPY has the meaning assigned thereto in the preamble;

BPY means Brookfield Property Partners L.P.;

Examples of BPY in a sentence

Unless the Rights Agent has received such written instruction from BAM pursuant to the immediately preceding sentence prior to the delivery by the Rights Agent of the BPY Units Amount or Cash Amount with respect to such Class A Shares, the Rights Agent shall have no duty or obligation under this Section 6(a) and shall deliver or cause to be delivered the BPY Units Amount or Cash Amount to the party designated in the Company Notice without further inquiry.
Class A Shareholders holding a number of Subject Class A Shares which would entitle such holders to receive less than one whole BPY Unit pursuant to this Agreement shall receive cash in lieu of fractional units.
The Rights Agent shall have no duty or obligation (and no liability) to determine if any BPY Unit, including BPY Units that are issuable upon conversion of or redemption for BPY Unit Convertibles, or any BPY Unit Convertible held in the Collateral Account or transferred to an Exchanging Class A Shareholder is a Registered BPY Unit freely transferable under the U.S. federal securities laws.
BAM and the Rights Agent desire to set forth their rights and obligations with respect to the Secondary Exchange Rights and the delivery of the BPY Units Amount or, at BAM’s sole election, the Cash Amount in satisfaction of the Secondary Exchange Rights.
BAM also covenants and agrees that it will take all action within its control to ensure that any transfer agent of the BPY Unit certificates and Class A Shares will comply with the Rights Agent’s instructions in carrying out the purposes of this Agreement.

More Definitions of BPY

BPY means Brookfield Property Partners L.P., a Bermuda exempted limited partnership;

BPY means Brookfield Property Partners L.P., together with its subsidiaries;

BPY means Brookfield Property Partners L.P., a Bermuda limited partnership, and shall be deemed to refer to all successors, including, without limitation, by operation of law.

BPY shall have the meaning set forth in the recitals.

BPY means Brookfield Property Partners L.P. or its successors or assigns under the Class A Senior Preferred Share Guarantee;

BPY means Brookfield Property Partners L.P. and any successor. “Conversion Privilege” has the meaning attributed to it in Section 4.1(a).

BPY has the meaning ascribed thereto in the Recitals;