Vornado OP definition

Vornado OP has the meaning set forth in the recitals to this Agreement.
Sample 1Sample 2Sample 3
Vornado OP shall have the meaning set forth in the Preamble.
Sample 1Sample 2Sample 3

Examples of Vornado OP in a sentence

  • The Vornado OP Distribution of OP Units shall be effective at the Effective Time (but immediately prior to the Vornado Distribution).

  • Vornado REIT, Vornado OP, SCR and SCR GP have caused this Agreement to be signed by their respective officers (or general partners) thereunto duly authorized all as of the date first written above.

  • Notwithstanding the provisions of this Tax Reporting and Protection Agreement, Vornado OP shall not be required to make allocations of Guaranteed Debt to the SCR Unitholders as set forth in this Agreement if and to the extent that Vornado OP determines in good faith that there may not be "substantial authority" (within the meaning of Section 6662(d)(2)(B)(i)) of the Code for such allocation; provided that Vornado OP shall provide to Mr. Robert H.

  • To the extent not otherwise defined herein, capitalized terms used in this Agreement have the meanings ascribed to them in the Second Amended and Restated Agreement of Limited Partnership of Vornado Realty L.P. dated October 20, 1997, as amended to the date hereof, a copy of which is attached hereto as Exhibit A (the "Vornado OP Partnership Agreement").

  • For example, if fifty percent of the gain recognized by Vornado OP is "unrecaptured Section 1250 gain" and fifty percent is long-term capital gain, then 50% of the curative allocation would be comprised of "unrecaptured Section 1250 gain" and fifty percent would be comprised of long-term capital gain.

  • Pursuant to the Merger Agreement, Vornado, Vornado OP, SCR GP, and SCR Partnership shall enter into an Assignment and Assumption Agreement, dated as of [the date of closing], pursuant to which Vornado OP shall assume all obligations of SCR GP and SCR pursuant to certain tax protection agreements (the "SCR Tax Protection Agreements").

  • The other revenues rubrics is unsurprisingly larger for the new location, as a much bigger building wouldopen possibilities for the museum administration to rent out their facilities to private enterprises.

  • If a change in Vornado OP's allocations of Guaranteed Debt to the SCR Unitholders is required by reason of circumstances described in the Section 8(b), Vornado OP and its professional tax advisors shall cooperate in good faith with Messrs.

  • Vornado OP agrees for the benefit of each SCR Unitholder, for the term of the Protected Period applicable to such SCR Unitholder, not to directly or indirectly sell, exchange, transfer, or otherwise dispose of any Protected Property or any interest therein (without regard to whether such disposition is voluntary or involuntary).

  • Vornado REIT and Vornado OP covenant with and for the benefit of the SCR Unitholders not to undertake any transfer of all or substantially all of the assets of either entity (whether by merger, transfer, spin-off or otherwise) unless the transferee has in writing acknowledged and agreed to be bound by this Agreement, provided that the foregoing shall not be deemed to permit any transaction otherwise prohibited by this Agreement.

Related to Vornado OP

  • Co-op A private, cooperative housing corporation, having only one class of stock outstanding, which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes the sale of stock and the issuance of a Co-op Lease.

  • General Partner has the meaning set forth in the Preamble.

  • Operating Partnership has the meaning set forth in the preamble.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • Contributors has the meaning set forth in the initial paragraph hereof.

  • GP means Gottbetter & Partners, LLP.

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).

  • Management Group means the group consisting of the directors, executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as the case may be, on the Issue Date together with (1) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Issuer or any direct or indirect parent of the Issuer, as applicable, was approved by a vote of a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable, then still in office who were either directors on the Issue Date or whose election or nomination was previously so approved and (2) executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as applicable, hired at a time when the directors on the Issue Date together with the directors so approved constituted a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable.

  • Contributor means Licensor and any individual or Legal Entity on behalf of whom a Contribution has been received by Licensor and subsequently incorporated within the Work.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • REIT means a “real estate investment trust” under Sections 856 through 860 of the Code.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Operating Company has the meaning set forth in the preamble.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • General Partners means all such Persons.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • SAHRC means the South African Human Rights Commission.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.