Examples of WPG LP in a sentence
WPG L.P. has engaged Kirkland & Ellis LLP as legal counsel and Guggenheim Securities, LLC as investment banker to assist the Company and its subsidiaries with respect to their continuing discussions with certain counter parties as well as other lenders within the Company’s capital structure.
While the event of default is continuing under each of the Credit Agreements, the applicable administrative agent may, and shall upon the direction of the requisite lenders, declare the loans thereunder to be immediately due and payable.On March 16, 2021, WPG L.P. entered into a forbearance agreement (the “Notes Forbearance Agreement”) with certain beneficial owners (the “Forbearing Noteholders”) of more than 67% of the aggregate principal amount of WPG L.P.’s Notes.
Each member of the expert panel verbally reported to me that they did not have any additional recommendations or changes to the project presentation.
Yale (“Yale”) was the Chief Financial Officer (“CFO”) of WPG and WPG L.P. at all relevant times.
This Agreement and all Ancillary Agreements may be terminated and the Distribution may be amended, modified or abandoned at any time prior to the Effective Time by SPG, in its sole and absolute discretion, without the approval or consent of any other Person, including WPG or WPG LP.
WPG is the sole general partner and holds approximately 84.7% of the partnership interests of WPG L.P.
The forbearance period under the Notes Forbearance Agreement ends on the earlier of March 31, 2021 and the occurrence of any of the specified early termination events described therein.In addition, WPG L.P. and certain of its subsidiaries entered into Forbearance Agreements (the “Bank Forbearance Agreements,” and together with the Notes Forbearance Agreements, the “Forbearance Agreements”) with respect to the Credit Agreements.
WPG L.P. does not expect to make the Interest Payment on the last day of such 30-day grace period.
Under the indenture governing the Notes, WPG L.P. has a 30-day grace period to make the interest payment before such non-payment constitutes an “event of default” with respect to the Notes.
Defendant Louis Conforti (“Conforti”) was the Chief Executive Officer (“CEO”) of WPG and WPG L.P. at all relevant times.