Examples of GGPLP L.L.C. in a sentence
Affiliate Partner Note, the TRUPS Junior Subordinated Notes, the GGPLP LLC Preferred Equity Units, the GGP LP Preferred Equity Units, and the REIT Preferred Stock Interests is provided in Exhibit 3 “Illustrative Calculations for Debt Amounts”.
GGP LP, GGPLP, L.L.C. and TRCLP are each Debtors, while GGMI is a non-Debtor affiliate that provides management services to the GGP Group, the joint ventures and other unrelated third parties.
GGP is the general partner of GGP Limited Partnership (“GGP LP”), the company through which the Group’s business is primarily conducted.9 GGP LP in turn controls, directly or indirectly, GGPLP, L.L.C., The Rouse Company LP (“TRCLP”), and General Growth Management, Inc.
The 2006 Facility is guaranteed by Rouse L.L.C., with GGP LP pledging its equity interest in GGPLP, L.L.C., TRCLP and Rouse LLC and Rouse LLC pledging its general partnership interest in TRCLP to secure the obligations under the 2006 Facility.
GGP, GGP LP and GGPLP, L.L.C. are guarantors, and 24 Debtor subsidiaries are borrowers under the 2008 Facility, which is secured by mortgages and deeds of trust on 24 properties.
This default in turn triggered defaults for each of the other series of Rouse Bonds.In February 2006, GGP, GGP LP and GGPLP, L.L.C. became borrowers under a term and revolving credit facility with Eurpohypo AG, New York Branch serving as administrative agent (the “2006 Facility”).
GGP LP, in turn, owns or controls, directly or indirectly, GGPLP LLC, TRCLP, and GGMI.
Commencing on April 16, 2009, and continuing thereafter, GGP, GGPLP LLC, and certain of GGP’s domestic subsidiaries each filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court.
Each holder of an Allowed GGPLP LLC Preferred Equity Unit is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan.
GGP, GGP LP and GGPLP LLC are the borrowers under the 2006 Bank Loan.