RLP definition
Examples of RLP in a sentence
For the avoidance of doubt, this Section 5.03(i) shall not apply to any issuance by ROC or RLP of any shares or other ownership units of any class or type of its Capital Stock so long as Rayonier’s corporate organizational structure constitutes an “umbrella partnership” real estate investment trust structure.
The Lenders and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion to release any or all of TRS, ROC and/or RLP from its obligations under the Guarantee Agreement if TRS, ROC and/or RLP, as the case may be, ceases to be a Subsidiary of Rayonier as a result of a transaction that is permitted under the Loan Documents as in effect on the Closing Date.
Each of ROC, TRS and RLP hereby designates and appoints Rayonier as its representative and agent on its behalf for the purposes of issuing notices and reports, delivering certificates, giving instructions, receiving notices and granting consents hereunder and under the other Loan Documents, and taking all other actions (including in respect of compliance with covenants) on behalf of any Borrower or Borrowers under the Loan Documents.
The 2021 Incremental Term Loan Advances are not revolving commitments, and RLP shall not have the right to repay and reborrow under this Section 2.01(d).
It is understood and agreed that RLP shall be the only Borrower for purposes of this Section 2.01(d).
Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release TRS, ROC and/or RLP, as the case may be, from its obligations under the Guarantee Agreement pursuant to this Section 7.10.