CLPF definition
Examples of CLPF in a sentence
Bank further agrees that on or prior to the date that is thirty (30) days following such date, Bank shall release Two Million Five Hundred Thousand Dollars ($2,500,000) of cash collateral relating to the CLPF Letter of Credit, including any accrued interest (if any), currently deposited in a restricted account at Bank and such amounts shall be transferred to Borrower’s primary operating account maintained at Bank.
Bank agrees that as of the date all conditions precedent to the effectiveness of this Amendment have been met, Bank shall no longer require any cash collateral to secure Borrower’s reimbursement obligations with respect to the CLPF Letter of Credit.
CLPF — ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, L.P., a Delaware limited partnership (“Master Lessor”), succeeded to the interest of PRU/SKS.
This Agreement shall not be construed more strictly against the Partnership, CLPF or LXP merely by virtue of the fact that the same has been prepared by the Partnership, CLPF or LXP or their counsel, it being recognized the parties hereto have contributed substantially and materially to the preparation of this Agreement.
This Agreement has been duly authorized, executed and delivered by CLPF and constitutes its valid and binding obligation, enforceable against it in accordance with its terms, subject to: (a) laws of general application relating to bankruptcy, insolvency and the relief of debtors and (b) rules of law governing specific performance, injunctive relief and other equitable remedies.
If the Partnership has paid any utilities no more than thirty (30) days in advance in the ordinary course of business, then CLPF and LXP, as applicable, shall be charged its portion of such payment.
The Partnership owns the CLPF Redemption Consideration and the LXP Redemption Consideration free and clear of all Encumbrances.
CLPF is a limited partnership duly formed, validly existing and in good standing under the laws of the State of Delaware.
This Agreement may be amended or supplemented only by a writing signed by the Partnership, CLPF and LXP specifically referring to this Agreement.
CLPF, LXP and the Partnership have caused this Agreement to be duly executed and delivered as of the date first above written.