WHGP definition
Examples of WHGP in a sentence
With respect to all or any portion of such proposed Annual Budget or Business Plan as to which no Objection Notice is delivered prior to such thirtieth (30th) day (or such longer period as WHGP or Blackstone GP may have reasonably requested), the proposed Annual Budget or Business Plan or such portion thereof will be deemed to have been accepted and consented to by WHGP and Blackstone GP.
WHGP and Blackstone GP shall promptly inform BGP of actions taken by WHGP and Blackstone GP with respect to any Majority Decision.
The Administering General Partner shall from time to time, but no less frequently than every fiscal quarter, meet with WHGP and Blackstone GP at WHGP's or Blackstone GP's request to discuss the business and affairs of the Partnership or to discuss any particular matter reasonably requested by WHGP or Blackstone GP.
No Partner shall issue any press release or other public communication about the formation or existence of the Partnership without the express written consent of BGP, WHGP and Blackstone GP.
Withdrawals or checks, other than withdrawals or checks made or issued in respect of required mortgage payments, in excess of $500,000 (or, upon notice to the Administering General Partner, such lesser or greater amount as WHGP and Blackstone GP may from time to time determine) shall require the signature of an authorized representative of WHGP or Blackstone GP.
As to any portion of a proposed Annual Budget or Business Plan that is the subject of an Objection Notice, the Annual Budget or Business Plan (as the case may be) for the immediately preceding year shall be deemed to control pending resolution by WHGP and/or Blackstone GP of the disputed items (as adjusted in accordance with Section 3.3(2) above).
The Partnership may change its place of business to such location or locations as may at any time or from time to time be determined by the Administering General Partner and consented to by WHGP and Blackstone GP.
WHGP shall act as the "tax matters partner" of the Partnership, as provided in the regulations pursuant to Section 6231 of the Code.
The Partnership and each General Partner further agrees to indemnify WHGP for any claims made against it in its capacity as tax matters partner in accordance with Section 4.
However, in associate to consume in lower initial investment WHGP decided to pole a Company Limited by Shares model.