Examples of Electing Partner in a sentence
The Electing Partner shall indemnify the Withdrawing Partner from and against all claims and liabilities reflected on the books of the Partnership or otherwise taken into account in calculating the net fair market value of the Withdrawing Partner’s interest in the Partnership, and also such other claims and liabilities of the Partnership which at the time the net fair market value of the Withdrawing Partner’s interest is determined are known by the Electing Partner.
The remaining provisions of this Section 27 apply if an Electing Partner gives an Election Notice and in such case such provisions shall be in lieu of any other rights of a dissociated Partner to have its interest in the Partnership purchased pursuant to the provisions of the Florida Revised Uniform Partnership Act or any successor statute.
If any such amounts owed to the Partnership have not yet been liquidated, the Electing Partner shall be entitled to establish reasonable reserves therefor and such payments to the Withdrawing Partner shall be net of such reserves until such liquidation has occurred.
Civic capital is defined as those persistent shared beliefs and values that help a group overcome the free rider problem in the pursuit of socially valuable activities The importance of civic capital for the firm’s make- or-buy decision resides in the fact that the underlying civic values and beliefs attenuate individual opportunistic behavior.
Refers todetailed training contents or materials, if available and applicable.3.8 Training of usersNot applicable in this call for tender.Purpose of 3.9Provides information regarding other supply and service requirements.3.9 Other supply and service requirementsNot applicable in this call for tender.
In any Exchange for shares of BGC Partners Common Stock or cash, BGC Partners shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the BGC Partners Common Stock upon such Exchange; provided that the Electing Partner shall pay any such tax that is due because such Electing Partner requests the shares of BGC Partners Common Stock to be issued in a name other than the holder’s name or cash to be paid to a Person other than the holder.
The Electing Partner shall notify the Terminated Partner in writing of its election (exercisable at any time after a Partner becomes a Terminated Partner) under clause (ii), above, and (iii) the other provisions applicable by reason of becoming a Defaulting Partner (including Sections 7.9.5 and 8.1.1) shall apply.
Such Partner, if it is a Share Electing Partner, is acquiring the Exchange Shares to be acquired by it for its own account as principal for investment and not with a view to resale or distribution or with any present intention of distributing or selling the same.
If a Purchase Notice has been given under clause (ii) above, the Electing Partner and the Terminated Partner shall attempt to agree upon the Buy-Out Price of the Terminated Partner's interest in the Partnership.
Such Share Electing Partner is fully aware that such Exchange Shares have not been registered under the Securities Act or under any applicable state securities laws, and are being offered and sold in reliance on exemptions from the registration requirements of the Securities Act and all such laws.