Developer Partner definition
Examples of Developer Partner in a sentence
Notices shall be given to the parties at the following addresses: If to Developer Partner: Cedar Bay Income Fund Partnership, L.P. c/o Cedar Bay Realty Advisors ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Port Washington, New York 11050 Attention: ▇▇.
If the Developer Partner is removed as General Partner as a result of the occurrence of a Removal Event, then the Partnership may terminate all agreements with Developer Partner's Affiliates without penalty or fee, and all such agreements must contain a provision that allows for the exercise of the right of termination under this Section 4.7(b).
The Developer Partner shall initially be the sole General Partner.
The Partnership is contemporaneously entering into a Property Management Agreement ("Management Agreement") with Brentway Management LLC ("Property Manager"), an Affiliate of the Developer Partner, under which Property Manager shall manage and lease the Project.
Capital Proceeds of the Partnership shall be distributed to the Partners within 10 days following receipt by the Partnership of such Capital Proceeds as follows: 1% to the Developer Partner and 99% to the Limited Partner.
The Limited Partner shall have sole authority to enforce any agreement between the Partnership and the Developer Partner (or its Affiliates) and to make all determinations on behalf of the Partnership with respect thereto, which determinations shall be reasonably made.
The initial Partners of the Partnership are the Limited Partner and the Developer Partner, each of which is admitted to the Partnership as a Partner as of the date hereof.
To the extent you are accessing or using the Podium API as a Developer Partner, and not for your own personal benefit as a Podium Client, you are also subject to and hereby agree to the applicable provisions of the Partner Terms.
If Limited Partner shall have reasonably determined that a Removal Event has occurred, Limited Partner shall give written notice thereof to Developer Partner together with a detailed specification of the claimed Removal Event and the circumstances thereof.
If Developer Partner shall fail to cure such Removal Event within such thirty (30) day period, then, subject to the rights of Developer Partner and Limited Partner to cause such matter to be submitted to arbitration, the Limited Partner may remove Developer Partner as the General Partner, in which event (i) the Limited Partner may appoint itself or an Affiliate of the Limited Partner, or a third party, as General Partner.