Continuing Partners definition

Continuing Partners means the group of Partners comprised of each Individual Original Partner (or, where applicable, his estate or legal or personal representative) who has not Withdrawn, been subject to a Special Withdrawal or breached Section 2.13(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Continuing Partners means the collective reference to the 899 Continuing Partner and the 999 Continuing Partner.

Continuing Partners means the Partners continuing in the Partnership following a person becoming an Outgoing Partner or a new person joining the Partnership.

Examples of Continuing Partners in a sentence

• In the event of any reallocation of Common Units to the Continuing Partners, the General Partner shall determine in its sole discretion the class and series of Common Units to which each such Common Unit shall belong upon its reallocation, notwithstanding anything to the contrary in any Partner Agreement entered into prior to the date hereof.

• In connection with any other reallocation of Common Units that is being made proportionately to all Continuing Partners under the Limited Partnership Agreement, the Limited Partner will participate in his proportionate share of such reallocation based on the number of Common Units he and his Related Trusts own as of the Reallocation Date.

• The Continuing Partners shall pay to the Outgoing Partner the undrawn balance of the Outgoing Partner's share of the net profits of the Partnership at the Outgoing Date as follows.

• Such interest shall, unless otherwise agreed by all the Continuing Partners accrue to the Continuing Partners in the proportions in which they are entitled inter se to the profits of the Partnership on the Outgoing Date (adjusted to exclude the Outgoing Partner for this purpose).

• The Continuing Partners shall keep the Outgoing Partner and his estate and effects indemnified against all such debts and liabilities (save for those excluded as aforesaid) and all actions proceedings costs claims and demands in respect thereof.

More Definitions of Continuing Partners

Continuing Partners means the Partners who continue to be members of the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

Continuing Partners has the meaning set forth in Paragraph 5 of the Recitals.

Continuing Partners means the Limited Partners of the Partnership as of immediately prior to the Closing (as defined in the Business Combination Agreement) of the Business Combination; provided, however, that any PMEL Post-Combination Unitholder, who is or which is admitted as a Limited Partner at Closing, shall also be treated as a Continuing Partner for the purposes of this definition.

Continuing Partners means those persons from time to time listed on Appendix A hereto, and all persons who may become parties to this Agreement and whose name are required to be listed on Appendix A hereto, in each ---------- case in accordance with the terms hereof.

Continuing Partners the Partners who continue to be members of the Partnership after a Succession Date;

Continuing Partners means the Partners who continue to be members of the Partnership after the Succession Date;

Continuing Partners. Covered Shares" shall mean (i) any shares of Preferred Stock issued to the Continuing Partner upon closing of the transactions contemplated by the Business Amalgamation Agreement by and among the Company, ▇▇▇▇▇▇ Holdings LLC and the Continuing Partners (the "Business Amalgamation Agreement), and (ii) any shares of Common Stock issued upon exercise of the put and call rights of the Preferred Stock. "Covered Shares" shall also include the securities that are defined to be "Covered Shares" in Section 3.3.