BREA definition
Examples of BREA in a sentence
BY: BLACKSTONE REAL ESTATE ASSOCIATES VI-▇▇▇ ▇.▇., its general partner BY: BREA VI-ESH L.L.C., its general partner By: /s/ ▇▇▇▇▇▇ ▇.
The sale of the Portfolio/Company Interest as provided hereunder shall take place in accordance with the ROFO Purchase Agreement at a closing conference held on the Purchase Date at the principal office of the Company or at such other location as may be agreed upon by BREA and the Administrative Member.
BREA is under no duty to visit any portion of the Properties or to supervise or observe construction or to examine any books or records.
Notwithstanding anything to the contrary herein, all Members shall execute and deliver such amendments to this Agreement as BREA may reasonably request in order to implement the foregoing.
BREA is a limited liability company, duly formed, validly existing and in good standing under the laws of Delaware.
BREA is duly authorized and qualified to enter into and to do all things required of it under this Agreement and the Collateral Agreements it is executing in connection with this transaction (including compliance with all applicable doing business laws).
BREA shall not develop any senior housing property within a 15 mile radius of the Properties in competition with the Properties.
If Consultant is retained, he shall be furnished with copies of all information, reports, documents, notices and other materials required to be provided to BREA pursuant to this Agreement, at the same time furnished to BREA.
Neither Administrative Member nor any other party is entitled to rely on any site visit, observation or examination by BREA, and BREA assumes no personal responsibility for any negligent or defective design or construction.
BREA shall have the right to contact representatives of the local, state and other governmental authorities having jurisdiction over any part of the Properties, or engineers, architects, contractors, suppliers or other third parties involved with the Properties, in order to verify compliance by Administrative Member with this Agreement.