Individual General Partner definition

Individual General Partner means Willxxx Xxxx Xxxxx.
Sample 1
Individual General Partner means Xxxxxxx Xxxxxxxx, Xxxxxx Xxxxxxx and any other individual admitted as a general partner of the Partnership in place of or in addition to Xxxxxxx Xxxxxxxx or Xxxxxx Xxxxxxx, in each case during such period as such person is a general partner of the Partnership. 1.20 "Initial Capital Contribution" means with respect to each Limited Partner the amount of cash contributed by such Partner to the capital of the Partnership on the Closing Date together with the principal amount of any Non-Interest Bearing Noted delivered by such Partner to the Partnership on the Closing Date which amount of cash and principal amount shall aggregate $25,000 per Unit for any Class A Unit of such Partner and $25,000 per Unit for any Class B Unit of such Partner. 1.21 "Institutional Lender" means collectively The Prudential Insurance Company of America, a New Jersey mutual insurance company, The CIT Group/Equipment Financing, Inc., a New York corporation, Household Commercial of California, Inc., a California corporation, and Confederation Life Insurance Company, a Canadian mutual insurance company, and their respective successors and assigns. 1.22 "Interest" or "Partnership Interest" means a percentage in the profits and losses of the Partnership. The percentage interest attributable to each Class A Unit is 0.00369403% (computed as follows: 1/268 x .99%), representing in the aggregate a 0.99% Interest. The percentage interest attributable to each Class B Unit is 0.04487637% (computed as follows: 1/2184 x 98.01%), representing in the aggregate a 98.01% Interest. The aggregate Interest of the General Partners is one percent. The aggregate Interest of the General Partners shall be allocated among the General Partners on the following basis: (i) LPM shall have an Interest of 0.499%; (ii) LPM VII shall have an Interest of 0.001%; (iii) Xxxxxxx Xxxxxxxx shall have an Interest of 0.250%; and (iv) Xxxxxx Xxxxxxx shall have an Interest of 0.250%. The Interest of a Limited Partner stated as a percentage of all Interests held by Limited Partners shall be the percentage obtained by adding the percentage interest in profits attributable to each Unit owned by such Partner (both Class A Units and/or Class B Units) and dividing said number by 99. The Interest of a Limited Partner stated as a percentage of all Interests held by Partners shall be the percentage obtained by adding the percentage interest attributable to each Unit owned by such Limited Partner (both Class A Units and Class B Unit...
Sample 1
Individual General Partner shall refer to Xxxxx X. Xxxx or to any other person who succeeds him in such capacity. "Investment in Properties" shall refer to the amount of Gross Proceeds actually paid or allocated to the purchase, development, construction or improvement of Properties acquired by the Partnership (including working capital reserves allocable thereto in an amount of up to five percent of the Gross Proceeds, and other cash payments such as interest and taxes, but excluding Front-End Fees).
Sample 1

Examples of Individual General Partner in a sentence

  • In connection with the Partnership's wind-up and dissolution, the General Partner interests of AFG Leasing Associates II, including the Individual General Partner interest owned by Geoffrey A.

  • Each Independent Individual General Partner, who is not an "interested person" of the Partnership, as defined by the Act, receives an annual retainer of $5,000 plus a fee for each meeting attended.

  • After the Closing Date, the Individual General Partners may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Individual General Partners and the provisions of Section 3.3 hereof with respect to the election of Individual General Partners by Partners, admit any person who shall agree to be bound by all of the terms of this Agreement as an Individual General Partner.

  • Each Limited Partner hereby consents to the admission of any successor Individual General Partner pursuant to this Section 3.03, and no further consent shall be required.

  • Any Individual General Partner who is an "interested person" does not receive any annual or other fees from the Partnership.

  • Xxxxx, Xx. (Individual General Partner), as General Partners and Xxxxxxxx Xxx Xxxxx as the original Limited Partner.

  • Wayne Hughes Title: Chief Executive Officer of Public Storage, Inc., Corporate General Partner and Individual General Partner Date: August 14, 2002 /s/ John Reyes ------------------- Name: John Reyes Title: Chief Financial Officer of Public Storage, Inc., Corporate General Partner Date: August 14, 2002 This certification accompanies the Report pursuant to ss.

  • Each Individual General Partner shall make a Capital Contribution of $2,000 in cash at the time of such Individual General Partner's admission to the Partnership, for which that Individual General Partner shall receive an interest in the Partnership equivalent to twenty Units, which shall be treated for all allocation purposes under Article 8 and distribution purposes under Article 9 as Units held by a Limited Partner.

  • In the event that no Individual General Partner remains, the Managing General Partners shall continue the business of the Partnership without dissolution and shall perform all duties of an Individual General Partner under this Agreement and shall, within 90 days, call a special meeting of Limited Partners for the purpose of approving and electing Individual General Partners.

  • To the extent that an Individual General Partner has a valid claim for indemnification from the Partnership pursuant to Section 10.01 and has pursued such claim against the Partnership, but such claim has not been satisfied, the Managing General Partners, in their separate capacities, jointly and severally, shall satisfy such claim.


More Definitions of Individual General Partner

Individual General Partner means Xxxxxx X. Xxxxxxx, Xx., a New York resident, or any other person who succeeds him in such capacity.
Sample 1

Related to Individual General Partner

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

  • 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.

  • Partner means any General Partner or Limited Partner.

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

  • General Partners means all such Persons.

  • Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3 hereof.

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

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Consortium Members means the members of the Consortium, formed by the Bidder for purposes of the Transaction in accordance with this RFP and shall include members who have submitted the Format for Consortium Agreement (Annexure 5) specified in the RFP.

  • Consortium Member means a company specified in Recital (B) as a member of the Consortium;}

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

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

  • Non-Managing Member means any Member other than the Managing Member.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

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