YSI LP definition
Examples of YSI LP in a sentence
Rather, the New Management Agreement will contain provisions (acceptable to Investor LP and Operator LP) requiring that the Property Manager coordinate the availability of Vehicles at the Locations in the ordinary course of the operation of the Locations (it being agreed that the Vehicles will be also available to non-Company facilities operated by YSI LP (or its Affiliates on a non-discriminatory basis).
As soon as practicable following the date of this Agreement, and in any case prior to the publication of the notice of Amalgamation Proposal pursuant to Section 10.4(a)(iii)(4), the Company shall use reasonable efforts to address and mitigate the matters set forth in Section 8.14 of the Company Disclosure Letter prior to the publication of such notice.
To the extent a REA Estoppel for any Location is not obtained by the date set for Closing, Operator LP shall cause YSI LP (or Affiliate Owner) to provide a certification as to the above factual matters, to YSI’s knowledge, in such form as is reasonably satisfactory to Investor LP, and in the event that a REA Estoppel is later received from any party covered by such certification, Operator LP may substitute the REA Estoppel and delete such party from the certification made by YSI LP (or Affiliate Owner).
Except as set forth on the Rent Roll, Operator LP has not received written notice of any material default on the part of any tenant nor of any material unsatisfied claim, set-off or counterclaim against YSI LP (or Affiliate Owners) by any tenant.
The Pledgor agrees that if it fails to perform any agreement herein, the Secured Party may, in its sole discretion and at the Pledgor's expense, perform or cause the performance of such agreement.
To YSI’s knowledge, the permits delivered pursuant to Section 2.3 is a complete list of all Permits held by YSI LP or Affiliate Owners in connection with the ownership, use, operating and maintenance of the Property and, to YSI’s knowledge, are all of the certificates, licenses and permits necessary for YSI LP or Affiliate Owners to hold in connection with the current ownership, use, operating and maintenance thereof.
The Company shall receive a credit for any rent and other income (and any applicable state or local tax on rent) under Leases collected by YSI LP or the applicable Affiliate Owner before Closing that applies to any period after Closing.
Operator LP agrees to indemnify, defend and hold Investor LP and the Company harmless from any Claims suffered by, or asserted by any such party against Investor LP or the Company relating to or arising from any material breach of any of the representations and warranties in any certification delivered by YSI LP (or Affiliate Owner) pursuant to this Section 3.7.
Evidence of the existence, organization and authority of Investor LP, Operator LP, YSI LP, Affiliate Owners and the Company and of the authority of the persons executing documents on behalf of Investor LP, Operator LP, YSI LP, Affiliate Owners and the Company, reasonably satisfactory to the Escrow Agent, Investor LP and Operator LP, as applicable.
Evidence reasonably satisfactory to Investor LP that all existing management agreements, marketing agreements or ancillary service agreements with any Affiliate of YSI LP or third-party relating to the Locations have been terminated.