LRE Operating definition
Examples of LRE Operating in a sentence
Notwithstanding the terms of the Assignment Document, the MLP Assets shall be deemed to have been contributed and transferred from the Property Contributors to the Partnership and, immediately thereafter, from the Partnership to LRE Operating.
The Partnership hereby agrees to contribute, assign, transfer, set over and deliver to LRE Operating, for its own use forever, all of its right, title and interest to and in the MLP Assets on the Closing Date, as a capital contribution, which contribution shall be deemed made pursuant to the terms set forth in the Assignment Document, in exchange for a continuation of its membership interest in LRE Operating.
The Borrower’s jurisdiction of organization is Delaware; the name of the Borrower as listed in the public records of its jurisdiction of organization is LRE Operating, LLC; and the organizational identification number of the Borrower in its jurisdiction of organization is 4975081 (or, in each case, as set forth in a notice delivered to the Administrative Agent pursuant to Section 8.01(m) in accordance with Section 12.01).
For convenience and purposes of recording the Assignment Document in the applicable counties where the MLP Assets are located, the Partnership hereby directs the Property Contributors to directly transfer and assign the MLP Assets to LRE Operating on the Closing Date pursuant to the Assignment Document and such other additional instruments and agreements as may be necessary to effect the same.
LRE Operating, LLC (the “Company”) is a limited liability company organized under the provisions of the Delaware Limited Liability Company Act, as amended from time to time (the “Act”).