Examples of Operating General Partner in a sentence
Further, Assignee acknowledges that the Operating General Partner and the Corporation shall have a period of fifteen (15) days to elect to purchase the Interest on the same terms and conditions contained in this Agreement.
If an Operating General Partner determines that there are insufficient resources available to an Operating Partnership to meet the needs of any Project and the Limited Partners have already funded the full amount of their Committed Capital Contributions, the General Partner may seek a loan (a “Deficit Loan”) for the amount appropriate or necessary to fund the Project needs (the “Cost Overrun”).
The Operating General Partner shall prepare appropriate marketing materials and shall provide prospective purchasers information about the Project(s), and access to the Project(s) and to the relevant books and records of the Operating Partnership in accordance with any approved marketing plan, the reasonable requests of any employed broker, and industry practice.