GP Representative definition
Examples of GP Representative in a sentence
A GP Representative may invite an observer to each meeting of the General Partners.
The General Partners within a Family Group may remove the GP Representative for that Family Group at any time and for any reason or no reason by the vote of the General Partners owning a majority of the General Partnership Interests held by such General Partners, and designate a new GP Representative by the same voting requirement.
The GP Representative for a Family Group shall be delegated all management, right, power and authority of the General Partners that comprise that Family Group and shall attend the meetings of the General Partners.
Upon the execution and delivery of this Agreement, the Company will (a) take such action as may be necessary to increase the size of the Board of Directors of the Company (the "Board of Directors") by one, and (b) use its best efforts to cause the vacancy thereby created to be filled with a director designated by the GP Representative (the "GP Director").
The General Partner may change the GP Representative upon Notice to the SC Partner.
Without limiting the generality of the foregoing, the Partnership will not pay any salary or other remuneration to any Manager, GP Representative or Partner and the Partnership will not have any officers or employees.
Any action or omission by the GP Representative or any officer or director of the General Partner in connection with the Partnership will be deemed to have been taken by the General Partner for all purposes of this Agreement, and neither the GP Representative nor any officer of director of the General Partner will have any separate liability or duties of any kind to the Partnership or the Partners, fiduciary or otherwise.
A disapproval by a member of the Advisory Committee (which disapproval may be given by any BHMF GP Representative, any PGGM Representative or any Alternate in the absence of any BHMF GP Representative or any PGGM Representative) may be delivered in any written (including electronic) form.
In the event that a GP Director for any reason ceases to serve as a member of the Board of Directors during his or her term of office and at such time the GP Representative would have the right to a designation hereunder if an election for the resulting vacancy were to be held, the GP Representative shall designate an individual to fill such vacancy and the Company shall use its best efforts to cause such vacancy to be filled by such designee.
The Partnership will not have any officers, except that the General Partner, acting through the GP Representative and/or any officer of the General Partner, is authorized to act on behalf of the Partnership and the General Partner on specified matters that have been approved by the General Partner (e.g., the voting of JCOM Shares held by the Partnership).