CRLP definition

CRLP means Colonial Realty Limited Partnership, a Delaware limited partnership, and any successor thereto (other than MAALP) by merger, consolidation or otherwise, and any person (other than MAALP) to which all or substantially all of CRLP’s assets shall be sold, assigned, transferred or otherwise conveyed (other than by a lease) in one transaction or a series of related transactions. In the event that CRLP shall, in any transaction or series of related transactions, lease all or substantially all of its assets to any person, then the term “CRLP” shall mean both the Person that was CRLP immediately prior to such transaction and, so long as such lease shall be in effect and the lessee under such lease is not MAALP, the lessee under such lease.
View Source
CRLP means Colonial Realty Limited Partnership, a Delaware limited partnership, and any successor thereto (other than the Operating Partnership) by merger, consolidation or otherwise, and any Person (other than the Operating Partnership) to which all or substantially all of CRLP’s assets shall be sold, assigned, transferred or otherwise conveyed (other than by a lease) in one transaction or a series of related transactions. In the event that CRLP shall, in any transaction or series of related transactions, lease all or substantially all of its assets to any Person, then the term “CRLP” shall mean both the Person that was CRLP immediately prior to such transaction and, so long as such lease shall be in effect and the lessee under such lease is not the Operating Partnership, the lessee under such lease.
View Source
CRLP means C▇▇▇ Realty, L.P., a Delaware limited partnership.
View Source

Examples of CRLP in a sentence

  • CRLP agrees, to the extent permitted by applicable law, that it shall not be entitled to any right of subrogation in relation to the Holders of Notes in respect of any Subsidiary Guarantee Obligations until payment in full and performance of all such Subsidiary Guarantee Obligations.

  • Without limitation to the foregoing, CRLP agrees that it shall be bound by, and that it shall comply with and perform, all of the covenants, obligations and agreements to be complied with and performed by CRLP under the Indenture (including, without limitation, Article Seventeen thereof) and under the Subsidiary Guarantees, if any, endorsed on the certificates evidencing the Notes.

  • The delivery of any Note by the Trustee or MAALP, after the authentication thereof hereunder, shall constitute due delivery of the Subsidiary Guarantee set forth in this Indenture and the Subsidiary Guarantee, if any, endorsed on such Note on behalf of CRLP.

  • The provisions of this Article Fifteen shall not become effective until such time as CRLP shall have entered into a Subsidiary Guarantee Supplemental Indenture as contemplated by Section 4.14.

  • CRLP hereby acknowledges and agrees that it receives substantial benefits from MAALP and MAA and that CRLP is providing its Subsidiary Guarantees for good and valuable consideration, including, without limitation, such substantial benefits.

  • Subsidiary Guarantees endorsed on the certificates evidencing any Note bearing the manual or facsimile signatures of individuals who were at the time the proper officers of CRLP shall, to the fullest extent permitted by law, bind CRLP, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Note or did not hold such offices at the date of such Note.

  • By its execution of any such Subsidiary Guarantee Supplemental Indenture, CRLP will be deemed to have acknowledged and agreed that it receives substantial benefits from MAALP and MAA and that CRLP is providing its Subsidiary Guarantees for good and valuable consideration, including, without limitation, such substantial benefits.

  • All the covenants, stipulations, promises and agreements by MAALP, MAA or CRLP contained in this Indenture shall bind their respective successors and assigns whether so expressed or not.

  • CRLP agrees that the Subsidiary Guarantee set forth in this Article Fifteen shall remain in full force and effect and apply to all the Notes notwithstanding any failure to endorse, or election not to endorse, on any or all Notes a Subsidiary Guarantee in the manner contemplated by the first paragraph of this Section 15.02.

  • Any act or proceeding by any provision of this — Supplemental Indenture authorized or required to be done or performed by any board, committee or officer of MAALP, MAA or CRLP shall and may be done and performed with like force and effect by the like board, committee or officer of any Person that shall at the time be the lawful sole successor of MAALP, MAA or CRLP, as the case may be.