WHLP definition
Examples of WHLP in a sentence
In exchange for the contribution of the WHLP Participating CPUs, the Partnership hereby issues to each new Limited Partner identified under the heading “Series P Preferred Units” on Exhibit A to this Amendment the number of Series P Preferred Units set forth opposite such new Limited Partner’s name.
The Respondents hereby retain and reserve all of their rights under the terms of the WHLP Limited Partnership Agreement that are not specifically released herein.
On October 12, 2006, the Panel certified a class consisting of all current limited partners of WHLP, the exception of Kalmia, Respondents, and any person, firm, trust, corporation or other entity affiliated with any of the Respondents.
In exchange for the contribution of the WHLP Nonparticipating CPUs, the Partnership hereby issues to each new Limited Partner identified under the heading “Series N Preferred Units” on Exhibit A to this Amendment the number of Series N Preferred Units set forth opposite such new Limited Partner’s name.
The Unitholders are the only beneficial owners, and WHLP Acquisition is the only record holder of the Covered Units, free and clear of liens and encumbrances and the Unitholders have sole voting power and sole power of disposition with respect to all Covered Units, with no restrictions, subject to the provisions of applicable federal securities laws on their rights of disposition pertaining thereto (other than as created by this Agreement).
The Capital Contribution made by each such new Limited Partner shall be deemed to be the fair market value of the contributed WHLP Common Units, which shall be the Cash Amount (as such term is defined in the 2005 Amended and Restated WHLP Agreement) that would have been payable if the common units were redeemed pursuant to Section 8.6 of the 2005 Amended and Restated WHLP Agreement as of the date of such redemption.
The Borrower shall not engage in any business other than the ownership of WHLP Units and matters ancillary thereto without the prior written approval of the Lender, not to be unreasonably withheld.
Additionally, Lender's consent shall not be required in connection with a merger of WHLP into WHC or the transfer to WHC of any interests held by WHLP.
As of the date hereof, Starwood does not own beneficially or of record any equity securities of the Partnership other than its beneficial ownership interest in the Owned Units, its ownership of 100% of the shares of the GP and its ownership of 100% of the shares of 9▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Corporation, the general partner of the Seller; WHLP Acquisition does not own beneficially or of record own any equity securities of the Partnership other than the Covered Units.
Each of the Management Agreement and the SF Management Agreement (collectively, the "Management Agreements") contain certain terms and provisions that provide for Incentive Management Fees (as defined in each of such Management Agreements) payable to Westin based upon the pooled operations of the Hotel and the SF Hotel, reflecting the common ownership by WHLP of the Hotel Partnership and the SF Hotel Partnership.