AAA Associates definition
Examples of AAA Associates in a sentence
If the amount of such taxes is greater than any such then distributable amounts, then such Partner and any successor to such Partner’s interest shall indemnify and hold harmless the Partnership, AAA Associates and the General Partner against, and shall pay to the Partnership as a contribution to the capital of the Partnership, upon demand of the General Partner, the amount of such excess.
To the extent derived from AAA Associates, any items of income, gain, loss, deduction and credit shall be determined in accordance with the same accounting policies, principles and procedures applicable to the determination by AAA Associates, and any items not derived from AAA Associates shall be determined in accordance with the accounting policies, principles and procedures used by the Partnership for United States federal income tax purposes.
AAA Associates (including casual Associates) can access unpaid carer’s leave for a single, unbroken period of up to two days on each occasion when all other forms of paid personal / carer’s leave have been exhausted.
AAA Associates, other than casuals, will be entitled to up to three days paid compassionate leave for each occasion when a member of the Associates immediate family or household dies.
The principal purpose of the Partnership is to (a) act as a Class C Limited Partner of AAA Associates pursuant to the AAA Associates LP Agreement, (b) engage in any lawful act or activity for which limited partnerships may be formed under the Act, and (c) undertake such related and incidental activities and execute and deliver such related documents necessary or incidental thereto.
Any such distributions shall be made to Partners in proportion to their respective Capital Account balances until such time as the Capital Account balance of every Partner is zero and thereafter in proportion to their respective Points, in either case determined: (A) in the case of any amount of revenue received from AAA Associates as of the date immediately prior to giving effect to such distribution; and (B) in any other case, as of the date of receipt of such revenue by the Partnership.