Fortis General Partner definition

Fortis General Partner means Lincoln Street Manager, LLC, in its capacity as one of the two general partners of the Property A-1 Subsidiary.
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Fortis General Partner shall have the meaning set forth in the preamble; provided that the Fortis General Partner and all rights under this Agreement of the Fortis General Partner shall cease to exist on the Fortis Stepdown Date.
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Fortis General Partner shall have the meaning set forth in the recitals of this Agreement.
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Examples of Fortis General Partner in a sentence

  • After the occurrence of the Fortis Stepdown Date, the REIT General Partner shall have the sole authority to unilaterally take all actions generally described in this Agreement as actions to be taken by, requiring the consent of, or under the authority of, the General Partners, the Fortis General Partner or the REIT General Partner.

  • The principal office of the Partnership is located at [] or such other place as (i) the Fortis General Partner, prior to the Refinance Date, and (ii) the REIT General Partner, thereafter, may from time to time designate by notice to the other Partners.

  • The name of the Partnership is "ETRE Property A-1, L.P." The Partnership's business may be conducted under any other name or names deemed advisable by the REIT General Partner and the Fortis General Partner, including the name of the REIT General Partner, or any Affiliate thereof.

  • In addition, the Fortis General Partner may not withdraw as a General Partner if, in the judgment of the REIT General Partner, the withdrawal would cause a default under the Existing Loan.

  • Notwithstanding the general provisions of this Section 10.02 (except as otherwise expressly agreed), any tax elections or determinations to not make a tax election that could have in the reasonable judgment of the REIT General Partner and the Fortis General Partner a disproportionately adverse effect on the Lincoln Street Holdings Limited Partner Group shall require the prior written consent of the Majority in Interest of the Outside Limited Partners.

  • The Company acknowledges and agrees that the Fortis General Partner shall be a third-party beneficiary of the provisions of this Section 5.5(b).

  • The Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the REIT General Partner and the Fortis General Partner or as otherwise agreed by the REIT General Partner, the Fortis General Partner and such contributing partner; provided that the Fortis General Partner shall be entitled to designate the Code Section 704(c) method applicable to the Real Property.

  • The REIT General Partner and the Fortis General Partner in their sole and absolute discretion may change the name of the Partnership at any time and from time to time and shall notify the Partners of such change in the next regular communication to the Partners.

  • The Partnership shall allocate "nonrecourse liabilities" (within the meaning of Regulations Section 1.752‑1(a)(2)) of the Partnership that are secured by multiple Properties under any reasonable method chosen by the REIT General Partner and the Fortis General Partner in accordance with Regulations Section 1.752‑3(a)(3) and (b).

  • The Limited Partners shall promptly provide the Fortis General Partner with such information relating to the Contributed Properties, including tax basis and other relevant information, as may be reasonably requested by the Fortis General Partner from time to time.

Related to Fortis General Partner

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • General Partner has the meaning set forth in the Preamble.

  • Surviving General Partner has the meaning set forth in Section 7.01(d) hereof.

  • General Partners means all such Persons.

  • GP means Gottbetter & Partners, LLP.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).