Active Partner definition

Active Partner means a Class B Limited Partner or Class B2 Limited Partner employed by the SSG Group or actively engaged in a service provider capacity in the business or management of the SSG Group, for so long as there has not been a Termination Event with respect to such Limited Partner; provided that, for the avoidance of doubt none of (i) Argonaut Holdings, LLC, (ii) ▇▇▇▇▇▇▇ Energy, Inc., (iii) ▇▇▇▇▇ Investment Holdings, LLC, (iv) ALD 2020 GST Trust or (v) any holder of Partnership Interests that is owned by an advisory fund or account advised or sub-advised by ▇▇▇▇▇ Investment Holdings, LLC or one of its Affiliates shall be deemed Active Partners.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Active Partner means, as of any time of determination, a limited partner or other direct or indirect beneficial owner of the General Partner who is a full-time employee of the General Partner, the Management Company or the Ultimate General Partner and is active with respect to Partnership activities as of such time.

Active Partner means a Partner who has Day-to-Day Responsibilities.

Examples of Active Partner in a sentence

• To be an Active Partner a Partner must, in addition, meet and continue to fulfill the following qualifications: (i) the Partner, or its Partner Affiliate, must own a Project, and (ii) the Partner or its Partner Affiliate must have executed and be in full compliance with the Technical Use Agreement with the Partnership.

• In addition, the General Partner may from time to time, without the consent of any Limited Partner, adjust any Active Partner’s Carry Percentage by allocating additional Carry Percentage to such Active Partner and correspondingly reducing the Carry Percentage of the General Partner.

• Notwithstanding the foregoing, if a Class B2 Limited Partner is an Active Partner through the closing of a Change of Control, all of his or her Class B2 Units shall become one hundred percent (100%) vested upon the occurrence of such Change of Control.

• Each Class B Limited Partner or Class B2 Limited Partner that is an Active Partner, for so long as he or she is an Active Partner and unless otherwise approved by the General Partner, shall devote substantially all of his or her business time and attention to the business and affairs of the Partnership and its Affiliates.

• The General Partner shall provide to each Active Partner on a timely basis the Partnership’s unaudited financial statements for each Fiscal Year.

More Definitions of Active Partner

Active Partner means a Class B Limited Partner or Class B2 Limited Partner employed by the SSG Group or actively engaged in a service provider capacity in the business or management of the SSG Group, for so long as there has not been a Termination Event with respect to such Limited Partner; provided that, for the avoidance of doubt none of (i) Argonaut Holdings, LLC, (ii) ▇▇▇▇▇▇▇ Energy, Inc. and (iii) any holder of Partnership Interests that is owned by an advisory fund or account advised or sub-advised by ▇▇▇▇▇ Investment Holdings, LLC or one of its Affiliates shall be deemed Active Partners.

Active Partner means a Third Party that has entered into a Partnership Agreement with Variant and for which, as of the applicable date (e.g., as of the date of an annual distribution of Total Net Revenue or the date Variant is Acquired or completes an IPO) all Samples to be provided under such Partnership Agreement have been collected and provided to Variant, at least eighty percent (80%) of such Samples continue to be Active Samples, and Variant has sequenced the Samples. Projects that are explicitly agreed to be pilots to determine if a larger study should be executed will not qualify as an Active Partner eligible for long-term benefit sharing. A pilot project cannot be larger than 1,500 participants.

Active Partner means a Partner meets the meet the minimum requirement of signing up one (1) Customer to implement MessageSolution Products and Services within each 12-month period for partnership renewal.

Active Partner means a Class B Limited Partner or Class B2 Limited Partner employed by the SSG Group or actively engaged in a service provider capacity in the business or management of the SSG Group, for so long as there has not been a Termination Event with respect to such Limited Partner; provided that, for the avoidance of doubt none of (i) Argonaut Holdings, LLC, (ii) Sanford Energy, Inc. and (iii) any holder of Partnership Interests that is owned by an advisory fund or account advised or sub-advised by Davis Investment Holdings, LLC or one of its Affiliates shall be deemed Active Partners.

Active Partner means a General Partner of Blue Moon Investments who has fulfilled all requirements for membership as defined in Article VII, and as shall be further defined by the Partners, and has not been deemed “inactive” as described below in Article VII, Sections §7.02, §7.03, §7.11, and §7.12.

Active Partner is a program participant who attracts real players during the month.

Active Partner means any Partner other than a Partner who has sold or redeemed all of his or her Units and is considered a Partner solely for the purpose of eliminating remaining balances in his or her accounts, or a Partner that has requested redemption, but could not reach agreement with the Investment Committee as to valuation.