Examples of ELP Law in a sentence
These funds typically include private equity and property funds and are often established as Cayman exempted limited partnerships (ELPs) under the Exempted Limited Partnership Law 2014 (the ELP Law).
For example, to lend the Shares or use the Shares as security ( CLA-22, ELP Law § 16(2) and (3); C-30, LPA, arts.
From February 2014, the General Partner considered an investment strategy in the Korean tech sector, in particular in SEC and SK Hynix, two of the largest memory chip and semiconductor makers globally.28 The General Partner eventually focused exclusively on SEC, the “crown jewel” of the Samsung corporate group (or chaebol) as the group underwent a fundamental structural transformation.29 21 Lindsay ¶ 17, CER-1; CLA-22, ELP Law § 14; C-30, LPA, art.
Lindsay ¶ 19, CER-1; CLA-22, ELP Law § 20(1).plainly meets any ordinary meaning of the term, which would necessarily accommodate the variety of different assets which may comprise an investment, the significant differences between property law in municipal legal systems, and the myriad ways in which an investment may be structured in international commercial practice.
Lindsay ¶ 17, CER-1; CLA-22, ELP Law § 14(2); see also C-30, LPA, art.
The General Partner may, in its sole discretion and subject to the ELP Law, require any Limited Partner to withdraw all or a portion of the balance in its Capital Account at any time without prior notice, for any reason or no reason, including a determination by the General Partner that such Limited Partner’s continued participation in the Partnership may cause the Partnership to be treated as a “publicly traded partnership” taxable as a corporation for U.S. federal tax purposes.
Registration under the ELP Law entails that the partnership becomes subject to, and the limited partners therein are afforded the limited liability and other benefits of the ELP Law.
Notwithstanding any provision of the ELP Law, only the General Partner shall have the authority to bind ASAC.
The Exempted Limited Partnership Law (the ELP Law) governs the formation of exempted limited partnerships.The ELP Law also contains provisions relevant to the affairs of an exempted limited partnership, being the primary legislation governing partnerships generally.
Officers who have previously participated in an enlisted-to-officer commissioning, FLEP, or ELP Law, are eligible after they have completed the obligation of service incurred as a result of participation in the subject programs.