Corporate General Partners definition
Examples of Corporate General Partners in a sentence
The Borrower Corporate General Partner has not received any written notice challenging the validity of the Borrower Corporate General Partner's title to the Borrower General Partnership Interest in the Borrower Partnership.
No attachments, execution proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other similar proceedings are pending or, to the Borrower Corporate General Partner's knowledge, threatened against the Borrower Corporate General Partner, nor are any of such proceedings, against or by the Borrower Corporate General Partner, anticipated or contemplated by the Borrower Corporate General Partner.
Where consent or a decision is required from the Shareholders/Limited Partners hereunder, the Corporate General Partner shall inform the Proxy Committee of the Corporate General Partner's request for consent or a decision, and the Proxy Committee members shall obtain the consent or decisions of their respective Municipal councils and shall meet and determine whether the required threshold of consent (whether Majority Consent, Required Consent or Unanimous Consent, as the case may be) has been met.
The Individual General Partners shall cause the Partnership to distribute the Capital Account balance of the Corporate General Partner to such Partner in the event that the Corporate General Partner's status as such is terminated and the business of the Partnership is continued pursuant to Section 6.1(a)(3) hereof.
Ownership by Limited Partner of Corporate General Partners or Affiliate TC "10.04.
We shall not be deemed to have waived any of our rights or remedies with regard to this Agreement hereunder unless such waiver is in writing and signed by an authorized representative of Crossroads Bank.
All of the stock of Corporate General ------------------------- Partner is fully paid and non-assessable; there are no outstanding rights or options to acquire any additional shares of Corporate General Partner's stock; and the stock of Corporate General Partner is not subject to any commitments, liens, or encumbrances.
The Corporate General Partners were initially credited with Capital Contributions of $281,000, which Capital Contributions shall be allocated to LPM.
Ownership by Limited Partner of Corporate General Partners or Affiliate"\l2 .
Subordination of Shareholder/Limited Partner's Loans to Corporate General Partner's Third Party Indebtedness The Shareholders/Limited Partners shall subordinate and postpone all Advances in favour of permanent financing or other borrowing by the Corporate General Partner to the extent required by the Board, and shall subordinate and postpone any advances or loans in favour of permanent financing or other borrowing by the Limited Partnership to the extent required by the Board.