IPLP definition
Examples of IPLP in a sentence
The Purchaser (which is an affiliate of the General Partner), IPLP, IPT and Insignia have filed with the Commission a Tender Offer Statement on Schedule 14D-1, pursuant to Rule 14d-3 under the Exchange Act, furnishing certain additional information with respect to the Offer, and may file amendments thereto.
IPT is presently the sole general partner and Insignia is presently the sole limited partner of IPLP.
Substantially all of IPT's investments are held through IPLP, which is the operating partnership of IPT.
In addition, the Facility is secured by a first priority pledge of and security interest in all limited partnership interests from time to time owned by IPLP and the equity interests from time to time held by IPLP in any subsidiary of IPLP which itself owns limited partnership interests.
The following is a summary description of the existing credit facility (the "Facility") provided for the benefit of IPLP pursuant to the Credit Agreement, dated as of December 30, 1997 (the "Credit Agreement"), among IPLP, as borrower, ▇▇▇▇▇▇ Commercial Paper, Inc., as syndication agent, First Union National Bank, as administrative agent and the lenders from time to time parties thereto (the "Lenders").
The Purchaser (which is an affiliate of the General Partner) expects to pay for the Units it purchases pursuant to the Offer with funds provided by IPLP as capital contributions.
IPT is the sole general partner of IPLP (owning approximately 66% of the total equity interests in IPLP), and Insignia Financial Group, Inc., a Delaware corporation ("Insignia"), is the sole limited partner of IPLP (owning approximately 34% of the total equity interests in IPLP).
Set forth below is certain consolidated financial information with respect to IPT and IPLP.
Certain Information Concerning the Purchaser, IPLP, IPT and Insignia...........................
IPLP in turn intends to use its cash on hand and, if necessary, funds available to it under its credit facility (as described in Section 12) to make such contributions.