FLP definition

FLP means, when used with respect to a natural Person, a “family limited partnership” or “family limited liability company” established by such Person for his benefit, and in which such Person is a general or limited partner, and for the sole benefit of all or any of such Person’s Family Members.

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FLP means Fintube Limited Partnership, a Delaware Limited Partnership.

FLP means Friends Life and Pensions Limited, a company incorporated in England and Wales with registered number 475201 whose registered office is at Pixham End, Dorking, Surrey, RH4 1QA;

Examples of FLP in a sentence

The borrower must request Agency consent to lease any mineral rights used as security for FLP loans.
Sub-Capital Accounts shall be established for each holder of Units other than Class A Units to reflect the allocations to the holder’s Capital Account for the FLP Unit Account, the Class S Ordinary Units, the Class S Preferred Units or the Preferred Series Unit Account, as appropriate.
This part describes the policies for servicing direct FLP loans, except for borrowers who are ▇▇▇▇▇- ▇▇▇▇▇, financially distressed, or other- wise in default on their loan.
Maroon Private Trust Company, LLC, solely as trustee of F.L.P. Trust #11 By: /s/ Mary A.
UDQ Private Trust Company, LLC, solely as trustee of F.L.P. Trust #14 By: /s/ Mary A.
The Agency serv- ices direct FLP loans under the poli- cies contained in this part.
None of the Partners being issued Subclass 2 FLP Unit Accounts shall make Capital Contributions in connection with the acquisition of such Subclass 2 FLP Unit Accounts and the Partnership shall treat such Partners as holding “profits interests” for all purposes of this Agreement with respect to such Subclass 2 FLP Unit Accounts.
Extra payments are applied to FLP loans in order of lien priority except for refunds of unused loan funds, which shall be applied to the loan for which the funds were advanced.
Subclass 2 FLP Unit Accounts are intended to qualify as “profits interests” within the meaning of Revenue Procedure 93-27 as clarified by Revenue Procedure 2001-43.
An appraisal of the property that secures the FLP loan will be required when the Agency de- termines it necessary to protect its in- terest.

More Definitions of FLP

FLP means First Leaside Properties Limited Partnership, a limited partnership formed under the laws of the Province of Ontario and governed by a limited partnership agreement dated as of November 16, 2005, as amended and restated on September 30, 2008. The general partner of FLP is FLP GP, the sole shareholder of which is David C. Phillips;

FLP means Food Lab Pacific Limited Price means the price payable for the Services and Goods as set by FLP.

FLP is defined above in the preamble.

FLP means Harb▇▇▇▇ ▇▇▇ily, L.L.P, a Texas limited liability partnership.

FLP refers to “Family Limited Partnership”.

FLP means Friends Life and Pensions Limited, a company incorporated in England and Wales with registered number 00475201;