Controlled Partnership definition

Controlled Partnership means a general partnership of which any Borrower or Subsidiary is a general partner, or a limited partnership whose sole general partner is a Borrower and with respect to which partnership such Borrower or Subsidiary is entitled to receive not less than 50% of the distributions of cash made to the partners thereof, other than any preferred cash distribution arrangement approved by Lender in writing.
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Controlled Partnership means a general partnership of which the Borrower or a Subsidiary is a general partner (but not including Alabama World Football), or a limited partnership whose general partners include the Borrower or a Subsidiary (but not including Vanderbilt), or a limited liability company whose members include the Borrower or a Subsidiary or another Controlled Partnership, which partnership, whether general or limited, or limited liability company has assets with a value in excess of $2,000.00, and with respect to which partnership or limited liability company the Borrower or a Subsidiary is entitled to receive not less than 50% of any distributions of cash made to the partners or members thereof, other than any preferred cash distribution arrangement in existence at the Closing Date or approved by the Required Lenders in writing, or which is otherwise a Consolidated Entity.
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Controlled Partnership means a limited partnership in which and so long as the Named Insured owns or controls, directly or indirectly, more than 50% of the limited partnership interest and in which a Company is the sole general partner.
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Examples of Controlled Partnership in a sentence

  • Notwithstanding anything to the contrary contained in the Stockholders Agreement, so long as there are 800,000 Callable Shares (such number to be adjusted for any share exchange or conversion, stock dividend or stock split) outstanding, then the Rollover Stockholders shall be entitled to nominate at least one director to the board of directors of the Company or its successor Holdco, as the case may be, and the applicable Controlled Partnership shall vote its shares of Common Stock to elect such nominee.

  • The Advisor or its Affiliates have made an initial investment of $200,000 in the Controlled Partnership.

  • The Trust shall not engage in any material business activities or operations other than through the Controlled Partnership or other direct or indirect subsidiaries of the Trust.

  • In the event the Trust or the Controlled Partnership shall propose to enter into any transaction in which an officer or Trustee of the Trust, the Advisor, or any Affiliate of the Trust or the Advisor has a direct or indirect interest, then such transaction shall be approved by a majority of the Board (including a majority of the Independent Trustees).

  • The Advisor shall not have any obligation to purchase, manage or sell for the Trust or the Controlled Partnership any investment that the Advisor, its Affiliates or any of their respective clients may purchase or sell for its or their own accounts, and the timing and amount of any such purchase or sale by the Advisor, its Affiliates or any of their respective clients may be different than any purchase or sale of the same investment by Trust or the Controlled Partnership.

  • The Advisor may, with respect to any investment in which the Trust or the Controlled Partnership is a participant, also render advice and service to each and every other participant therein.

  • The Advisor or one of its Affiliates has made a capital contribution of $200,000 to the Controlled Partnership in exchange for partnership interests in the Controlled Partnership.

  • Schedule 4.09 is a complete list of (a) all Debt of DBL (including any intercompany debt or Debt for which the DBL Shares is security), (b) all Debt of the Controlled Partnerships, and (c) all Debt in which any Seller Party is obligated to extend or has extended any lines of credit, or is committed to make or has made working capital loans, to any Controlled Partnership.

  • No. 318086E Kuldeep MalooCamp: Kolkata PartnerDate: 08th May, 2018 Membership No. 515708CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2018 (Rs. in lakhs)ParticularsThe accompanying notes are an integral part of the financial statements.In terms of our Report of even date attached.

  • The Trust and the Controlled Partnership hereby appoint the Advisor to serve as their advisor on the terms and conditions set forth in this Agreement, and the Advisor hereby accepts such appointment.


More Definitions of Controlled Partnership

Controlled Partnership means a limited partnership in which and so long as the Named Entity owns or controls, directly or indirectly, more than 50% of the limited partnership interest and an Insured Entity is the sole general partner.
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Controlled Partnership means a general partnership of which the Borrower or a Subsidiary is a general partner (but not including Alabama World Football), or a limited partnership whose general partners include the Borrower or a Subsidiary (but not including Vanderbilt), which partnership, whether general or limited, has assets with a value in excess of $2,000.00, and with respect to which partnership the Borrower or a Subsidiary is entitled to receive not less than 50% of any distributions of cash made to the partners thereof, other than any preferred cash distribution arrangement approved by the Required Lenders in writing. Convert, Conversion and Converted shall refer to a conversion pursuant to Section 3.2 hereof of one Type of Syndicated Loan into another Type of Syndicated Loan, which may be accompanied by the transfer by a Lender (at its sole discretion) of a Loan from one Applicable Lending Office to another.
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Controlled Partnership means a general partnership of which the Borrower or a Subsidiary is a general partner, or a limited partnership whose general partners include the Borrower or a Subsidiary (but not including Vanderbilt), or a limited liability company whose members include the Borrower or a Subsidiary or another Controlled Partnership, which partnership, whether general or limited, or limited liability company has assets with a value in excess of $2,000.00, and with respect to which partnership or limited liability company the Borrower or a Subsidiary is entitled to receive not less than 50% of any distributions of cash made to the partners or members thereof, other than any preferred cash distribution arrangement in existence at the Closing Date as set forth on Schedule 1.1(a) hereto, or approved by the Required Lenders in writing, or which is otherwise a Consolidated Entity.
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Controlled Partnership means a limited partnership in which and so long as the “Named Insured” owns or controls, directly or indirectly, more than 50% of the limited partnership interest and is the sole general partner.
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Controlled Partnership. With respect to any “subsidiary” which is a joint venture, limited liability company or “Controlled Partnership”, loss occurring as a result of “theft” by “employee(s)” shall apply only if such loss results directly from “theft” by “employee(s)” of the “Insured”. Loss occurring as a result of “theft” by “employee(s)” of other joint venture, limited liability company or limited partnership participants is not covered under INSURING AGREEMENT 1. – EMPLOYEE THEFT of this Policy.
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Related to Controlled Partnership

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Controlled Investment Affiliate means, as to any Person, any other Person, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such Person (or any Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Company and/or other companies.

  • Controlled Entity means (a) any of the Subsidiaries of the Company and any of their or the Company’s respective Controlled Affiliates and (b) if the Company has a parent company, such parent company and its Controlled Affiliates.

  • Controlled group of corporations has the meaning set forth in Code Section 1563.

  • Controlled Affiliate means any corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an entity or enterprise, whether through the ownership of voting securities, through other voting rights, by contract or otherwise; provided that direct or indirect beneficial ownership of capital stock or other interests in an entity or enterprise entitling the holder to cast 20% or more of the total number of votes generally entitled to be cast in the election of directors (or persons performing comparable functions) of such entity or enterprise shall be deemed to constitute control for purposes of this definition.

  • Controlled Group means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with any Loan Party, are treated as a single employer under Section 414 of the Code.

  • Affiliated Funds are any fund of Xxxx Xxxxxxx Trust (“JHVIT”), Xxxx Xxxxxxx Funds II (“JHF II”) or Xxxx Xxxxxxx Funds III (“JHF III”), excluding the following funds of JHVIT: the Money Market Trust B, 500 Index Trust B, International Equity Index Trust B and Total Bond Market Trust B.

  • Partnership has the meaning set forth in the Preamble.