PTLP definition

PTLP has the meaning set forth in the recitals to this Agreement.
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Examples of PTLP in a sentence

  • First Lender covenants and agrees with PTLP that in the event such Tower Bankruptcy Proceeding is subsequently dismissed, and provided a Transfer Event has not occurred and PTLP's interests in the Tower Property have not otherwise been eliminated, First Lender will transfer, without recourse, the Sears/ST Ownership Interests (subject to the Amended First Loan Documents) to PTLP without further consideration promptly after the dismissal of the Tower Bankruptcy Proceeding.

  • Any Contracts required to be entered into for purposes of implementing the PTLP will be entered into by the relevant Partner as determined by the MG.

  • This rights of indemnity shall be the sole and exclusive remedy of the Other Parties with respect to any such breach by PTLP or AEW, it being agreed that the Other Parties shall have such remedies available to them in equity under Section 24.03(b).

  • The obligation of PTLP to advance funds pursuant to the AEW New Loan and the obligation of Sears to advance funds pursuant to the Sears New Loan and the Sears Contribution shall be proportional to such total respective obligations of PTLP and Sears (i.e. 25% by AEW and 75% by Sears).

  • If PTLP fails to deliver such list within such ten (10) day period, the fair market value of the Tower Property shall be determined by any third party MAI appraiser selected by Master Lessee.

  • The Cash Flow and Distribution Statement to be provided by Master Lessee pursuant to Section 6.04(b) shall contain a reconciliation of the Additional Interest, if any, paid to First Lender and the funds contributed by PTLP to pay Minimum Interest for such year.

  • Each of AEW, PTLP, and TLI has full power and authority to enter into this Agreement and each of the documents and instruments contemplated hereby or executed and delivered in connection herewith to which AEW, PTLP and/or TLI is a party and to consummate the transactions contemplated hereby and thereby.

  • If no Additional Interest is paid for the calendar year in which the contributions are made by PTLP, the amount contributed shall be added to the indebtedness under the Amended Tower Second Note as an Additional AEW Advance and shall be payable in accordance with the Distribution Priorities under Section 6.

  • Upon a transfer of the Sears/ST Ownership Interests to PTLP, neither Option Holder, Second Lender nor AEW shall incur any additional liabilities or obligations to First Lender as a result of such transfer (including, without limitation, any liability for recourse obligations of Sears or ST to First Lender).

  • Except as otherwise provided herein, no partnership interest in PTLP or shares of TLI have been transferred, pledged or hypothecated to any other party for any purpose.

Related to PTLP

  • GP means Gottbetter & Partners, LLP.

  • Operating Partnership Agreement means the Limited Partnership Agreement of the Operating Partnership, as amended from time to time.

  • Borrower Partnership Agreement means the Eighth Amended and Restated Limited Partnership Agreement of the Borrower, dated as of May 8, 2008, as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.