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.