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FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

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3.1.8 making recommendations with respect to the payment of dividends by the Holding Entities or any other distributions bythe Service Recipients, including distributions by BPY to its unitholders;3.1.9 monitoring and/or oversight of the applicable Service Recipient’s accountants, legal counsel and other accounting,financial or legal advisors and technical, commercial, marketing and other independent experts and managing litigation in whicha Service Recipient is sued or commencing litigation after consulting with, and subject to the approval of, the relevantGoverning Body;3.1.10 attending to all matters necessary for any reorganization, bankruptcy proceedings, dissolution or winding up of a ServiceRecipient, subject to approval by the relevant Governing Body;3.1.11 supervising the making of all tax elections, determinations and designations, the timely calculation and payment of taxespayable and the filing of all tax returns due, by each Service Recipient;3.1.12 causing or supervising the preparation of the Service Recipients’ annual consolidated financial statements, quarterlyinterim financial statements and other public disclosure;3.1.13 making recommendations in relation to and effecting the entry into insurance of each Service Recipient’s assets, togetherwith other insurances against other risks, including directors and officers insurance, as the relevant Service Provider and therelevant Governing Body may from time to time agree;3.1.14 arranging for individuals to carry out the functions of the principal executive, accounting and financial officers for BPYonly for purposes of applicable securities laws;3.1.15 providing individuals to act as senior officers of the Holding Entities as agreed from time to time, subject to the approvalof the relevant Governing Body;3.1.16 advising the Service Recipients regarding the maintenance of compliance with applicable Laws and other obligations; and3.1.17 providing all such other services as may from time to time be agreed with the Service Recipients that are reasonablyrelated to the Service Recipient’s day-to-day operations.3.2 Services Provided to BPY and the <strong>Property</strong> <strong>Partners</strong>hip3.2.1 Notwithstanding any provision herein to the contrary, the Managers other than BGRE <strong>Partners</strong> LP shall solely beresponsible for the provision of Services to BPY and the <strong>Property</strong> <strong>Partners</strong>hip. BGRE <strong>Partners</strong> LP shall not be responsible forthe provision of any Services to BPY and the <strong>Property</strong> <strong>Partners</strong>hip.-10 -

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