KP-LP definition
Examples of KP-LP in a sentence
The interpretation of this Agreement may not be explained or supplemented by any course of dealing or performance.
KPLP will, whenever and as often as it shall be requested so to do by Urban, cause to be executed, acknowledged or delivered any and all such further instruments and documents as may be necessary or proper, in the reasonable opinion of the requesting party, in order to carry out the intent and purpose of this Agreement.
The issuance of such OP Units shall be evidenced by a certificate relating to such OP Units (the "Certificate"), together with the joinder (the "Joinder") to the OP's partnership agreement (the "OP Agreement") therein executed by Urban and KPLP, which Certificate and Joinder are substantially in the form attached hereto as Exhibit "F".
Subject to the right of first refusal granted to AVLP pursuant to Section 9.6, KP-LP may at any time Transfer, in one or more Transfers, to one or more Persons, a portion of its Economic Interest not exceeding in the aggregate fifty percent (50%) thereof; provided, however, that no Transferee of such portion shall be admitted to the Partnership as a Substitute Limited Partner except in accordance with the procedures set forth in Section 9.5.
It also ensures that KPLP carries out its responsibilities under the Administration Agreement.
All of the direct and indirect owners of KPLP are listed in Exhibit "I" hereto (the "KPLP Organizational Chart").
Without waiving any other remedy which the Partnership, AVM, AVLP or the partners of AVLP may have at law or in equity, KP agrees that, should any member of the KP Group challenge or contest the validity of the covenant set forth in this Section 2.10(b), the KP-GP Percentage Interest and the KP-LP Percentage Interest each shall be reduced to zero effective upon the delivery by AVM to KP-GP and KP-LP of Notice requiring such reduction.
The Intermediary shall (i) pay (and KPLP shall cause Intermediary to pay) the CCM Purchase Price in immediately available funds out of the Remaining Exchange Proceeds and funds advanced for that purpose by KPLP and (ii) assign to CCM LLC all of its rights under the Century City Agreement that survive the Closing.
Except as otherwise provided in the OP Agreement, KPLP agrees and acknowledges that KPLP will not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise dispose of (hereinafter, "Transfer") any of the OP Units or and the common stock of Urban REIT into which they are convertible (the "Urban REIT Stock") unless such Transfer complies with the OP Agreement and all applicable laws and regulations.
If Buyer does not elect to convert and modify, or cause to be converted and modified, to use LNG as fuel the ▇▇▇▇▇▇▇▇▇ Power Plant, the HEP Power Plant and/or the KPLP Power Plant, Buyer shall have no obligation to schedule and accept LNG at the ▇▇▇▇▇▇▇▇▇ Power Plant, the HEP Power Plant and/or the KPLP Power Plant, respectively.