12.07.2015 Views

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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of the Managers to an Affiliate or to a Person that is its successor by merger, amalgamation or acquisition of the business of theManager, in which case the Affiliate or successor will be bound under this Agreement and by the terms of the assignment in thesame manner as such Manager is bound under this Agreement. In addition, provided that the Managers provide prior writtennotice to the Service Recipients for informational purposes only, nothing contained in this Agreement will preclude any pledge,hypothecation or other transfer or assignment of any of the Managers’ rights under this Agreement, including any amountspayable to the Managers under this Agreement, to a bona fide lender as security.12.2.2 This Agreement will not be assigned by any of the Service Recipients without the prior written consent of the Managers,except in the case of assignment by a Service Recipient to a Person that is its successor by merger, amalgamation or acquisitionof the business of the Service Recipient, in which case the successor will be bound under this Agreement and by the terms of theassignment in the same manner as the Service Recipient is bound under this Agreement.12.2.3 Any purported assignment of this Agreement in violation of this section 12.2 will be null and void.12.3 EnurementThis Agreement will enure to the benefit of and be binding upon the parties hereto and their respective successors andpermitted assigns.12.4 NoticesAny notice or other communication required or permitted to be given hereunder will be in writing and will be given byprepaid first-class mail, by facsimile or other means of electronic communication or by hand-delivery as hereinafter provided. Anysuch notice or other communication, if mailed by prepaid first-class mail at any time other than during a general discontinuance ofpostal service due to strike, lockout or otherwise, will be deemed to have been received on the fourth Business Day after the postmarkeddate thereof, or if sent by facsimile or other means of electronic communication, will be deemed to have been received on theBusiness Day following the sending, or if delivered by hand will be deemed to have been received at the time it is delivered to theapplicable address noted below either to the individual designated below or to an individual at such address having apparent authorityto accept deliveries on behalf of the addressee. Notice of change of address will also be governed by this section. In the event of ageneral discontinuance of postal service due to strike, lock-out or otherwise, notices or other communications will be delivered byhand or sent by facsimile or other means of electronic communication and will be deemed to have been received in accordance withthis section. Notices and other communications will be addressed as follows:12.4.1 if to BPY:<strong>Brookfield</strong> <strong>Property</strong> <strong>Partners</strong> Limited73 Front StreetHamilton HM 12BermudaAttention: Secretary-24 -

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