BREP VII definition
Examples of BREP VII in a sentence
The General Partner may from time to time establish such repurchase rights and/or other requirements with respect to the Partners’ GP-Related Partner Interests relating to GP-Related BREP VII Investments as the General Partner may determine.
It is further understood and/or agreed that a Covered Person shall first seek to be so indemnified and have such expenses advanced in the following order of priority: first out of proceeds available in respect of applicable insurance policies maintained by the applicable portfolio entity and/or BREP VII, second by the applicable portfolio entity through which such investment is indirectly held, and third by BREP VII (only to the extent the foregoing sources are exhausted).
Except as otherwise expressly provided in this Article VII or in Article VIII, the terms and provisions of this Article VII and Article VIII shall not apply to the GP-Related Partner Interests or the GP-Related BREP VII Interest.