Additional Partnership Interests definition

Additional Partnership Interests shall have the meaning set forth in Section 4.2(a).
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Additional Partnership Interests means the Limited Partnership Interests, and the corresponding capital accounts and rights to receive distributions and allocations, to be assigned and sold to IFA-GP in accordance with the terms of this Agreement.
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Additional Partnership Interests means any Partnership Interests issued by the Partnership after the GTL Effective Date.
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Examples of Additional Partnership Interests in a sentence

  • Allocations to Reflect Issuance of Additional Partnership Interests.

  • Additional Partnership Interests may be created and issued to new or existing Partners only in compliance with the provisions in Article 5 of the Omnibus Agreement.

  • Additional Partnership Interests may be created and issued to existing Partners or to other Persons, and such other Persons may be admitted to the Partnership as Partners, only with the express prior approval of the Management Committee, and without the consent of any Partner or any other Person being required, and, if so approved, only on such terms and conditions as the Management Committee may determine at the time of such approval or admission.

  • Additional Partnership Interests may be created and issued to new or existing Partners only with the unanimous consent of the existing Partners.

  • Additional Partnership Interests may be created and issued to existing Partners or to other Persons, and such other Persons may be admitted to the Partnership as Partners, with the approval of the General Partner and the Limited Partner, on such terms and conditions as the General Partner and the Limited Partner may determine at the time of admission.

  • The foregoing shall not limit the Partnership's or the General Partner's rights to issue Additional Partnership Interests and New Securities pursuant to Section 4.02.

  • Additionally, upon the issuance of any Additional Partnership Interests, the General Partner shall provide to the ▇▇▇▇▇▇▇ Limited Partners notice of such issuance no later than 30 days after such issuance, including a copy of an amended Exhibit A reflecting such issuance, the rights and preferences of the issued Partnership Interest and the consideration given therefor.

  • In the event that the Partnership issues Additional Partnership Interests to the General Partner or any Additional Limited Partner pursuant to Article IV hereof, the General Partner shall make such revisions to this Article V as it deems necessary to reflect the terms of the issuance of such Partnership Interests, including any preferential allocations to classes of Partnership Interests that are entitled thereto.

  • Additional Partnership Interests may be created and issued to existing Partners or to other Persons, and such other Persons may be admitted to the Partnership as Partners, only with the consent of the Management Committee, on such terms and conditions as the Management Committee may determine at the time of admission.

  • Additional Partnership Interests may be created and issued to existing Partners or to other Persons, and such other Persons may be admitted to the Partnership as Partners, with the approval of the General Partner and the Preferred Partner, on such terms and conditions as the General Partner and the Preferred Partner may determine at the time of admission.


More Definitions of Additional Partnership Interests

Additional Partnership Interests means any Partnership Interests issued by the Company after the Effective Date, other than Class A Interests issued upon conversion of any of the Notes or the Class B Interests outstanding on the date hereof.
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Additional Partnership Interests means any Partnership Interests issued by the Company after the Effective Date, other than Class A Interests issued upon conversion of any of the Notes or the Class B Interests outstanding on the date hereof. "Adjusted Tag-Along Amount" means, in respect of the Notes of any Holder that has delivered a Tag-Along Notice relating to a particular Tag-Along Sale, the product of (i) the maximum principal amount of Notes specified in such Holder's Tag- Along Notice and (ii) a fraction, the numerator of which is the actual percentage (which shall not be less than the Original Sale Percentage in respect of such Tag-Along Sale) of all then outstanding Class A Interests (computed on a basis that assumes all Notes (exclusive of accrued interest thereon) have been converted to Class A Interests) that the applicable Tag- Along Purchaser has agreed to purchase in such Tag-Along Sale and the denominator of which is the Original Sale Percentage in respect of such Tag-Along Sale plus the aggregate of (A) the Tag-Along Sale Percentages of each Holder that has delivered a Tag-Along Notice in respect of such Tag-Along Sale and (B) the Tag-Along Sale Percentages (as defined in the Partnership Agreement as in effect on the date hereof) of each Tag-Along Partner (as defined in the Partnership Agreement as in effect on the date hereof) in respect of such Tag-Along Sale. "Affiliate" of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. A Person shall be deemed to "control" (including the correlative meanings, the terms "controlling," "controlled by" and "under common control with") a specified Person if the controlling Person possesses (or is a member of a group (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act as in effect on the Effective Date) that possesses), directly or indirectly, the power to direct or cause the direction of the management or policies of the specified Person, whether through ownership of Equity Interests, by agreement or otherwise.
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Additional Partnership Interests means any Partnership Interests issued by the Partnership after the GTL Effective Date. "Adjusted Capital Account" means, for any Partner, its Capital Account balance (after deducting the amount of expected distributions of Distributable Cash Flow and Distributable Capital Proceeds on hand on the date as of which the computation is made) plus (a) its share of Partnership Minimum Gain, (b) its share of Partner Minimum Gain and (c) the amount, if any, by which a deficit Capital Account balance exceeds the sum of (a) and (b) and which, due to an unpaid Capital Commitment, a Partner is obligated to restore (or is treated as obligated to restore under Treasury Regulation Section 1.704-1(b)(2)(ii)(c)).
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Related to Additional Partnership Interests

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Partnership Interest means an ownership interest in the Partnership representing a Capital Contribution by either a Limited Partner or the General Partner or the provision of services to or for the benefit of the Partnership by an existing Partner acting in a partner capacity, or by a new Partner acting in a partner capacity or in anticipation of becoming a Partner, and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Partnership Interest may be expressed as a number of Partnership Units.