New LP definition

New LP means a Bermuda exempted limited partnership to be formed prior to the Effective Date, the general partner of which will be the Property Partnership;

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New LP means Brookfield Property Preferred L.P.;

New LP means a Delaware limited liability company to be newly organized by the Debtor, which is a joint participant in this Plan and which will be the limited partner of the Reorganized Debtor as provided in this Plan.

Examples of New LP in a sentence

• Pursuant to the Restructuring a real estate investment trust (the “REIT”) will be formed to own and control the general partner of PropCo (“PropCo GP”) and to hold PropCo New LP Interests.

• In reliance on this representation, Cellco hereby waives, on behalf of itself and on behalf of New LP, its right, under Section 14.02(i) of the Transaction Agreement, to receive, as a condition to its obligation to consummate the Closing, any consents in connection with the assignment to New LP of such agreements.

• CEC Put Options Purchases CEC or an affiliated entity shall, pursuant to the Put Options, purchase up to (a) $269 million of PropCo New LP Interests or REIT New Common Stock at a price implying a total value of $269 million for 14.8% of the PropCo on a fully diluted basis (excluding dilution from Equitized CPLV Mezzanine Debt and Preferred PropCo Equity, if any) and (b) $700 million of OpCo New Common Stock at a price per share implying a total value of $700 million for 100% of the OpCo New Common Stock.

• REIT Requirements To the extent any party would otherwise receive more than 9.8% of the outstanding REIT New Common Stock, such party shall instead receive direct PropCo New LP Interests equal to the value of such REIT New Common Stock above 9.8%.

• Except to the extent that Code Section 752 or Regulations thereunder are amended following the date hereof, and based on the facts in existence as of the date hereof, (i) liability of the Partnership for the New LP Financing shall be allocated solely for federal income tax purposes to the Price LP and (ii) liability of the Partnership for the New LP Refinancing shall be allocated solely for federal income tax purposes to the Company Contributed Assets and, therefore, to Price LP.

• All memoranda, notes, lists, records and other documentation or papers (and all copies thereof), including such items stored in computer memories, or microfiche or by any other means, which will become the New LP’s property (after the consummation of transactions contemplated by this Agreement), are and shall be the New LP’s property and shall be delivered to the New LP promptly on the request of Buyer.

• The Partnership hereby redeems the New LP Interest held by Midstream Holdings and shall distribute to Midstream Holdings the initial contribution, in the amount of $[ ], initially made in connection with the formation of the Partnership, along with any interest or other profit that resulted from the investment or other use of such initial contribution.

• The Partnership Interests held by Seller are as a limited partner of New LP.

• None of the matters set forth on Schedule 4.11 could result in any Material Adverse Effect on Seller, the Assets, the Business or New LP.

• Such offer of employment by New LP shall not be deemed to create a continuing right to employment for any Continuing Employees.

More Definitions of New LP

New LP has the meaning specified in Section 10.7.3.2.

New LP means Brookfield Property Preferred LP, an exempted limited partnership formed under the laws of Bermuda;

New LP means Killam Apartment Subsidiary 2024 Limited Partnership, a limited partnership formed by a limited partnership agreement dated October 10, 2024;

New LP has the meaning given to it in the Merger Agreement.

New LP shall have the meaning set forth in the initial sentence hereof.

New LP has the meaning set forth in the Preamble.