Constituent Partners definition
Examples of Constituent Partners in a sentence
Reasons included: • Additional time needed to collaborate with Constituent Partners; • Hiring process or procurement of vendors taking longer than expected; • Technological delays; • Research leading to new information that altered the planning and timing of grant activities; and • Additional time to collect necessary data and reports EOHHS had several conversations with grantees concerning their extensions, which resulted in changes to some of the requests.
After ▇▇▇▇▇ Family Partnership has paid the initial $7,400,000 of the Constituent Partners' share of the amount by which Lender's Non-Guarantor Recovery is less than the Aggregate Guaranties, HI-Loma and ▇▇▇▇▇ Family Partnership shall each be responsible for $600,000 of the bottom $1,200,000 of the Constituent Partners' share of the amount by which Lender's Non-Guarantor Recovery is less than the Aggregate Guaranties, to be payable by HI-Loma and ▇▇▇▇▇ Family Partnership proportionately.
For example, if the Non Guarantor Recovery was $8,000,000 less than the Aggregate Guaranties of $8,600,000, and the Constituent Partners' share thereof is $8,000,000, ▇▇▇▇▇ Family Partnership would pay the top $7,400,000 of the amount due and HI-Loma and ▇▇▇▇▇ Family Partnership would each pay $300,000 of the bottom $600,000 of the amount due.
Transferor will designate the Constituent Partners to be the recipients of the OP Units as is shown in paragraph 6 above.
Addendum V is supplemented as follows: The obligations of ▇▇▇▇▇ Family Partnership and HI-Loma under their respective Conforming Guaranties shall be in the following ratio: ▇▇▇▇▇ Family Partnership shall be solely responsible for the top $7,400,000 of the Constituent Partners' share of the amount by which Lender's Non-Guarantor Recovery (as said term is defined in Addendum VI) is less than the Aggregate Guaranties (as said term is defined in Addendum VI).
The OP Units and Cash (subject to adjustment as provided ---------- in the preceding sentence) will be allocated among the direct and indirect partners (the "Constituent Partners") of Transferor as follows: Percentage of the aggregate of the Constituent Name of Constituent OP Units Partners' allocated Partner: (in $): Cash: Total: Equity: debt: -------- -------- ----- ------ ------ --------- HI-NC $759,251 $0 $759,251 50.0% $1,900,000 The ▇▇▇▇▇ ▇.
Transferor shall have the right to assign its rights and obligations to its Constituent Partners as is provided in Addendum VI.
The Constituent Partners proportionately will assume the obligations of Transferor under the Representations and Warranties and Transferor will be released from liability under the Representations and Warranties.
The additional Consideration shall be distributed to the Constituent Partners in the ratios set forth in paragraph 6 above, both as to percentage thereof and as to whether the additional Consideration is cash or OP Units based on the average closing price for shares of stock of AHP for the five trading days immediately preceding the payment of said additional Consideration.
The Constituent Partners severally and proportionately will assume the obligations of Transferor under the Representations and Warranties and Transferor will be released from liability under the Representations and Warranties.