DRLP definition
Examples of DRLP in a sentence
DRLP is a duly organized and validly formed limited partnership under the laws of the State of Indiana, is qualified to do business in the state in which the DRLP Projects are located and is not subject to any involuntary proceeding for dissolution or liquidation thereof.
In addition, it is understood that DRLP is both a member of ▇▇▇▇ ▇▇▇▇▇▇▇ and an affiliate of DSF and DRO, with knowledge of all data and information relating to the Projects, DSF and DRO and the business of each constituent of Seller.
Any breach of the provisions of this Article 24 by DRLP shall not be applied to Buyer.
Minneapolis, MN Hennepin DRLP 602 2505 ▇▇▇▇▇▇▇ St. “ “ DRLP 603 ▇▇▇ ▇▇▇▇ ▇▇.
The monthly rent paid under the Master Lease shall be reduced by the portions of the Master Lease Space that are leased to third parties during the term of the Master Lease, provided that DRLP shall guaranty the obligations under each third party lease to the extent of DRLP’s obligations under the Master Lease.
The undersigned agrees to pay DRLP such reimbursement within 30 days of a written request by DRLP.
Within 30 days of filing the applicable tax return with such State, DRLP agrees to pay to the limited partner any amounts withheld from the distributions in excess of the required tax payments.
To the extent the required tax payments by DRLP to the States are more than the amounts withheld from the distributions, the undersigned limited partner agrees to reimburse DRLP for such excess tax payments.
The undersigned limited partner acknowledges that DRLP is required to pay to certain States, on behalf of such limited partner, income tax payments with respect to State taxable income allocable to the limited partner.
In the event the GSA Tenant exercises such termination option, DRLP shall master lease the NP GSA Lease space (the “Master Lease Space”) from Buyer for the remainder of the initial term of the NP GSA Lease.