Founder Partner definition
Examples of Founder Partner in a sentence
Founder, Partner Company and Partner Company Stockholder have jointly prepared this Agreement.
The Limited Partners other than the General Partner and the Founder Partner shall be partners in the Partnership as from the date of this Agreement or, if later, the date of their admission to the Partnership.
Where a Private Investor holds aggregate Commitments representing at 50 per cent or more of Total Commitments (excluding for this purpose the Commitments of the Founder Partner and any Investor which is an Associate of the Manager or the General Partner), such amount shall be capped at 49.9% for the purpose of any voting pursuant to the Partnership Agreement and the remainder of their entitlement will be disregarded.
Commitments in the Partnership are being sought from investors and the General Partner and the Founder Partner wish to amend and restate certain terms of the Initial Agreement to, inter alia, permit the admission of such investors as Limited Partners, including the Preferred Partner.
The Founder Partner will subscribe £[Amount3] of partnership capital in the Partnership, as a founder limited partner.
The Founder Partner shall not Transfer all or any part of its Interest held in its capacity as Founder Partner without the prior approval of Investors by an Investors' Consent.
The General Partner and the Founder Partner shall not be required to advance any Loan Commitment to the Partnership, save in the Founder Partner's separate capacity as an Investor.
The General Partner and the Founder Partner have been partners in the Partnership since its establishment on [Date].
The Founder Partner hereby makes a Commitment of £[Amount] to the Partnership as an Investor.
At any general meeting a resolution put to the vote of the meeting shall be validly adopted if approved by Investors (present in person or by proxy) excluding the Founder Partner and any Investor which is an Associate of the Manager or the General Partner whose aggregate Commitments represent at least 50 per cent of Total Commitments excluding for this purpose the Commitments of the Founder Partner and any Investor which is an Associate of the Manager or the General Partner.