Partnership Structure Sample Clauses

The Partnership Structure clause defines the legal and organizational framework of the partnership, specifying how the partnership is formed, its type (such as general or limited partnership), and the roles of the partners. It typically outlines the distribution of ownership interests, management responsibilities, and the process for admitting new partners or handling partner departures. By clearly establishing these foundational elements, the clause ensures all parties understand their rights and obligations, reducing the risk of disputes and providing a stable basis for the partnership’s operations.
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Partnership Structure. AXI is the sole general partner of Borrower. Ambassador V is the sole limited partner of Borrower and AA owns, directly or indirectly, approximately 90.69% of Borrower and indirectly controls Borrower. AA owns, directly or indirectly, 100% of AXI.
Partnership Structure. As of the date hereof, the sole general partner of Borrower is General Partner. The only Limited Partners of Borrower are set forth on EXHIBIT A attached hereto and incorporated herein by reference (or on a revised EXHIBIT A delivered to Administrative Agent in accordance with SECTION 10.5 hereof), and the Capital Commitment of each Limited Partner is set forth on EXHIBIT A (or on such revised EXHIBIT A).
Partnership Structure. As of the Closing Date and as of the date of the most recent Compliance Certificate and Borrowing Base Certificate delivered pursuant to this Credit Agreement, the sole general partner of the Initial Borrower is General Partner and the Partners of each Pledgor and their Capital Commitments (including any Debt Commitments, if applicable) are set forth on the Borrowing Base Certificate delivered by the Borrower Parties to Administrative Agent, and the true and correct Capital Commitment of each Investor is set forth in such Borrowing Base Certificate.
Partnership Structure. 3.4.1 In order, in particular, to save a total amount of € 290 million and to allow part of the Euro Disney Group’s shareholders’ equity to be reconstituted, it is envisaged that Euro Disney will, not later than the Share Capital Increase Date, contribute to Euro Disney Associés (in accordance with the spin-off regime and without resulting in a mandatory offer to acquire all the shares – offre publique de retrait obligatoire) all or substantially all of its assets and liabilities except share purchase or subscription options and commitments under share purchase or subscription option schemes existing at the date of the contribution in respect of Euro Disney shares and any other asset or liability which is non-transferable or which Euro Disney, TWDC and the Agents agree are not to be contributed. Such contribution would have the effect of terminating the Sub-lease Agreement and the lease agreement referred to in (ii) of the definition of the Transfer and Lease Agreements, as a result of the lessor and the lessee becoming the same person, Euro Disney Associés, thus avoiding the requirement to pay the Substitution Option and the Purchase Option exercise prices. Such contribution will also have a number of other consequences, among which the termination of the Conditional Share Transfer Agreement (which would be the subject of a separate express agreement). 3.4.2 All existing contracts and, in particular, the Bank Debt Agreements, the CDC Second Park Agreements and the Common Agreement will need to be amended to reflect the consequences of the implementation of the Partnership Structure, in particular, in respect of the Covenants and the Performance Indicator.
Partnership Structure. The Investors of each Borrower are set forth on Exhibit A attached hereto and incorporated herein by reference (or on a revised Exhibit A delivered to Administrative Agent in accordance with Section 9.05), and the Capital Commitment of each Investor is set forth on Exhibit A (or on such revised Exhibit A). The Borrower Parties have not formed any Alternative Investment Vehicles or Parallel Investment Vehicles that are not set forth on Schedule 1.01A hereto (or on an updated Schedule 1.01A delivered by the Borrower Parties to Administrative Agent upon formation of such Alternative Investment Vehicle or Parallel Investment Vehicle, as applicable).
Partnership Structure. The Partnership is organized as follows: (select one) ☐ General Partnership (GP): All Partners share equal personal responsibility for the Partnership's liabilities. ☐ Limited Partnership (LP): The General Partner(s), identified as [GENERAL PARTNER(S) NAME(S)], assume full responsibility on behalf of the Partnership, while all other Partners are limited partners. ☐ Limited Liability Partnership (LLP): Each Partner is individually liable for their own negligence or wrongful acts, not the Partnership's financial obligations. ☐ Limited Liability Limited Partnership (LLLP): Both the General Partner(s), known as [GENERAL PARTNER(S') NAME(S)] and limited partners enjoy limited liability.
Partnership Structure. Except for the Partnership Agreement, there are no options, warrants, calls, rights, commitments or agreements of any character, written or oral, to which the Partnership is a party or by which it is bound obligating the Partnership to issue, deliver, sell, repurchase or redeem, or cause to be issued, delivered, sold, repurchased or redeemed, any interests in the Partnership or obligating the Partnership to grant or enter into any such option, warrant, call, right, commitment or agreement.
Partnership Structure. The parties recognize that successful partnership requires the establishment of an appropriate organizational structure at both the top levels and the local levels of their organizations. Such structure must include defined roles and responsibilities for the participants at both levels. The parties recognize that the changes contemplated by this Agreement must evolve. Accordingly, the local parties must have the flexibility to design participative structures that best meet their needs and that can change as changed circumstances and experience warrant. Further, where participative structures are already in place, the local parties recognize that it may be in their best interest to retain such structure so long as they meet the objectives of the Agreement.
Partnership Structure. (a) All of the Partnership Interests, whether as general partner or otherwise, and the names of the person or persons who are the owners of such Partnership Interests are as set forth in
Partnership Structure. As of the date hereof, the sole general partner of each Guarantor is General Partner. The Partners of each Guarantor and each Approved Intermediary, as applicable, are set forth on Exhibit A attached hereto and incorporated herein by reference (or on a revised Exhibit A delivered to Administrative Agent in accordance with Section 10.05), and the Capital Commitment of each Investor is set forth on Exhibit A (or on such revised Exhibit A).