HHFL definition
Examples of HHFL in a sentence
All action required to authorize the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby has been taken and no other proceedings on the part of HHFL and HHL are necessary to approve and authorize the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.
Furthermore, HHFL hereby (i) acknowledges that such interest in the Assigned Limited Partner Interest is being acquired subject to the Permitted Exceptions, (ii) acknowledges that it shall henceforth act as a Limited Partner in the Partnership, and (iii) assumes and agrees to pay, perform and discharge when due the Permitted Exceptions and the liabilities and obligations of the Partnership described or listed in Exhibit A, Exhibit B or Exhibit E to the Purchase Agreement.
PGI and HDC now desire to assign, subject to the Permitted Exceptions, and HHL and HHFL now desire to assume the Assigned Limited Partner Interest and the Assigned General Partner Interest, and HHL and HHFL desire to accept the liabilities and obligations of being a General Partner and a Limited Partner under the Partnership Agreement and assume the liabilities and obligations of the Partnership described or listed in certain exhibits to the Purchase Agreement.
PGLP Holdings and P/HMRI now desire to assign, subject to Permitted Exceptions, and HHL and HHFL now desire to assume the Assigned PGLP Partner Interest and the Assigned P/HMRI Partner Interest, and HHL and HHFL desire to accept the liabilities and obligations of being a “Partner” (as defined in the Partnership Agreement) under the Partnership Agreement and assume the liabilities and obligations of the Partnership described or listed in certain exhibits to the Purchase Agreement.
PGI hereby withdraws from the Partnership, and directs that all allocations and distributions of profits, losses, income or capital on account of such Assigned Limited Partner Interest are to be made to HHFL from and after the date hereof.
PGLP Holdings hereby withdraws from the Partnership, and directs that all allocations and distributions of profits, losses, income or capital on account of such Assigned PGLP Partner Interest are to be made to HHFL from and after the date hereof.
Furthermore, HHFL hereby (i) acknowledges that such interest in the Assigned PGLP Partner Interest is being acquired subject to the Permitted Exceptions, (ii) acknowledges that it shall henceforth act as a Partner in the Partnership, and (iii) assumes and agrees to pay, perform and discharge when due the Permitted Exceptions and the liabilities and obligations of the Partnership described or listed in Exhibit A, Exhibit B or Exhibit E to the Purchase Agreement.