Examples of Master LP in a sentence
The Trust, through the Master LP, has entered into an asset management agreement with Pure Commercial, whereby Pure Commercial provides asset management, administrative and reporting services to the Trust.
Viking Global Opportunities LP (a Delaware limited partnership) and Viking Global Opportunities III LP (a Cayman Islands exempted limited partnership), through its investment in Viking Global Opportunities Intermediate LP (a Cayman Islands exempted limited partnership), invest substantially all of their assets in Viking Global Opportunities Master LP (a Cayman Islands exempted limited partnership), which in turn invests through VGOP.
On September 12, 2014, the Master LP, through the Investments LP, completed the acquisition of 3851 22nd Avenue, Prince George, British Columbia (“22nd Avenue”), for a purchase price of $6,200,000 plus standard closing costs and adjustments.
That same day, the Trust purchased 10,623 Master LP units at $1,000 per unit for $10,623,000.
The Trust purchased an additional 2,277 Master LP units at $1,000 per unit on the same day.
The general partner of the Master LP is REALnorth Opportunities Inc.
The Master GP held cash on behalf of the Master LP before the Master LP opened its bank account.
Pursuant to a cost sharing and recovery agreement between the Trust and the Master LP, the Master LP assumed the costs and expenses in connection with the offering of the Trust units.
On September 12, 2014, the Master LP, through the Investments LP, financed the acquisition of 22nd Avenue with cash and a term loan in the amount of $4,650,000 bearing interest at 3.72% and maturing in 2019.
Class B Units of Master LP are exchangeable, at the option of the holder, into Trust Units.