Sale of Partnership Interest. An S corpora- tion’s RBIG or RBIL limitation is the total of the following—
Sale of Partnership Interest. If a Partner desires to offer for sale his Interest in the Partnership, such Partner, herein refered to as “Selling Partner” shall give written notice to the other Partners, herein referred to as the “Buying Partners.” Within 30 days after receipt of the notice, the Buying Partners shall notify the Selling Partner of their intent to purchase the Interest of the Selling Partner. The purchase price of an Interest sold pursuant to this Section shall be the Contract Price, and payment for the Interest shall be made in the manner set forth in Section 5.5. If the Buying Partners fail to notify the Selling Partner that they intend to purchase his or her interest within the 30-day period, the Selling Partner shall have the right to withdraw from the Partnership. If a Partner withdraws, the Partner shall be entitled to a payment from the Partnership equal to the Contract Price and payable at the time and in the manner set forth in this agreement.
Sale of Partnership Interest. If (i) one Partner ("Selling Partner") receives a written offer from a third party ("Proposed Purchaser") to purchase all or substantially all of the Partnership's interest in the Amphitheater which the Selling Partner desires to accept on behalf of the Partnership and (ii) the other Partner ("Non-Selling Partner") is unwilling to consent to the sale of the Amphitheater to the Proposed Purchaser upon the terms and conditions contained in such offer, then the Selling Partner shall have the right, subject to the provisions of Section 18.06 hereof, to sell all, but not less than all, of its Partnership Interest if, but only if, the Selling Partner complies with all of the following provisions:
Sale of Partnership Interest. A Partner may sell some or all of its interest in the Partnership to an unaffiliated party only with the unanimous consent of the remaining Partner(s), and subject to the following provisions.
Sale of Partnership Interest. In the event a partner dies, retires, or becomes disabled according to the above definition, the remaining partner(s) shall have the right to continue the business of the Partnership under the present name. However, said deceased, retired or disabled partner shall receive as remuneration for his or her Partnership interest, their regular 50/50 split of net profits of any and all deals on the books of the partnership at the time of their demise, retirement or withdrawal caused by disability. Settlement shall be held no later than 60 days after the end of the calendar month in which the offer to settle was made and shall take place at the attorney for the Partnership.
Sale of Partnership Interest. A copy of the fully executed HealthMatics Purchase Agreement, certified by an officer of the Borrower to be true, complete and correct and confirmation that the sale of the Partnership Interest has closed and that the Borrower has given irrevocable directions to have the HealthMatics Proceeds distributed in accordance with this Agreement.
Sale of Partnership Interest. 2.2.1 ZAI*NET. Subject to the terms and conditions set forth herein and in the Related Agreements, at the Closing ZAI*NET shall sell, assign, transfer and deliver to GFI Caminus, and GFI Caminus shall purchase and accept from ZAI*NET, seventy percent (70%) of the aggregate Partnership Interests of the Partnership. At the Closing, GFI Caminus and ZAI*NET shall execute and deliver the Partnership Agreement.
Sale of Partnership Interest. On the terms and conditions hereinafter set forth, Selling Partner shall sell to Buyer, and Buyer shall purchase from Selling Partner the entire 36.94% partnership interest of Selling Partner in the Partnership including the entire 36.94% interest of Selling Partner in the capital and the profits and losses of the Partnership, and any other interests, rights or benefits that Selling Partner may have in the Partnership (the Partnership interest and any other interests, rights or benefits of Selling Partner in the Partnership to be purchased by Buyer as aforesaid being herein collectively called the "Subject Partnership Interest"). Section 1.2.
Sale of Partnership Interest. A. For the purchase price and on the terms and conditions hereinafter set forth, Seller shall sell to Buyer, and Buyer shall purchase from Seller, the interest of Seller in the Partnership, as such interest is described in the Partnership Agreement, and any and all interests of Seller in and to the "Business Property" (as defined in the Partnership Agreement), the interests to be conveyed hereunder including, but not being limited to, Seller's interest in the following:
Sale of Partnership Interest. Upon the terms and subject to the provisions of this Agreement the Sellers agree that they will sell, convey, transfer, assign and deliver to Buyer at the Closing provided for in Article 2, except as otherwise set forth herein, free and clear of all claims, liens, pledges, encumbrances, mortgages, charges, security interests, options, preemptive rights or other interests or equities whatsoever, one hundred percent (100%) of the limited partnership interest, general partnership interest and other equity and ownership interests of any kind or nature (collectively, “Purchased Interest”) of the Company owned by the Sellers.
