HITOP definition
Examples of HITOP in a sentence
No Subsidiary of HITOP is engaged as a debtor party in any Insolvency Proceeding nor contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of its assets or property.
Borrower shall provide to Lender all reports required to be delivered by HITOP to its limited partners and general partners (including special general partner) pursuant to the limited partnership agreement of HITOP as in effect on the Petition Date.
The organizational documents, including the Amended Constituent Documents, for the Reorganized Debtors shall, among other things: (i) authorize the issuance of the New HIT Common Equity Interests, the New HITOP Interests, and the CVRs; and (ii) pursuant to and only to the extent required by section 1123(a)(6) of the Bankruptcy Code, include a provision prohibiting the issuance of non-voting Equity Securities.
As of the date hereof, Brookfield Investor holds all of the issued and outstanding shares of preferred stock of HIT (“HIT Preferred Stock”) and Class C Preferred Units of HITOP (“HITOP Preferred Units”) (together, the “Existing Preferred Interests”).
Among other things, such amendments of the Limited Partnership Agreement shall include the elimination of any rights of the holder of the special general partnership interest in HITOP issued in accordance with the Limited Partnership Agreement.