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.
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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;
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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;
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FLP means Food Lab Pacific Limited Price means the price payable for the Services and Goods as set by FLP.
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FLP is defined above in the preamble.
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FLP means Harb▇▇▇▇ ▇▇▇ily, L.L.P, a Texas limited liability partnership.
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FLP refers to “Family Limited Partnership”.
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FLP means Friends Life and Pensions Limited, a company incorporated in England and Wales with registered number 00475201;
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Related to FLP

  • Jobber means a worker casually employed for not less than three hours during any one day or night.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Licensee has the meaning set forth in the preamble.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Licensor means the copyright owner or entity authorized by the copyright owner that is granting the License.