Examples of Heritage LP in a sentence
The items in this Section 8.10 with respect to the Real Property shall be apportioned or prorated between the Transferor and Heritage LP as of the end of the day preceding the Closing Date in order to determine the amount of the Proration with respect to such Property.
Leasing or other fees or commissions payable in connection with any Lease or any renewal or extension of any Lease, but only to the extent that such fees or commissions have been disclosed to Heritage LP and the REIT on the Rent Roll.
Premiums or other fees payable in connection with any insurance policies that are being assigned to and assumed by Heritage LP at the Closing.
Heritage LP may treat any rent received after the 27th of any month as rent for the next month.
Any prepayment fees or premiums or assumption fees or costs in connection with the assumption or repayment of any Mortgage Debt by Heritage LP shall be paid by the REIT.
All tenant deposits, including without limitation, refundable security deposits, refundable pet deposits and key deposits, and advance rental deposits (and interest thereon if required by law or contract to be earned thereon) shall be transferred to Heritage LP at the Closing, and Heritage LP shall assume the obligations to refund such deposits to such tenants in accordance with their respective Leases after Closing, but only to the extent the obligation to refund such deposits arises after Closing.
In exchange for the REIT Capital Contribution provided in Section 2.2(a) hereof, Heritage LP shall issue on the Closing Date to the REIT and Heritage SGP a number of GP Units (rounded to a whole unit) equal to the REIT Capital Contribution divided by the REIT Stock Price allocated between them on a pro rata basis based upon their respective contributions.
All other liabilities related to the ownership or operation of the Property that Heritage LP may agree to assume or take subject to in writing.
The Court cannot hold that this plea is based on matters of law or of fact which came to light in the course of the procedure, since, when the application was lodged, the applicants were aware of the grounds stated in the contested acts with respect to each one of them and had ample opportunity to dispute the truth and accuracy of those grounds.
Heritage LP agrees that it shall accept the Property subject to the Mortgage Debt, provided that the Lender agrees that such Mortgage Debt shall be non-recourse to Heritage LP on the same terms that such Mortgage Debt is currently non-recourse to Transferor and the Lender executes the agreements contemplated by Section 2.3(a).