Ineligible Holder definition

Ineligible Holder is defined in Section 4.8(c).

Ineligible Holder has the meaning given such term in Section 4.9(c).

Ineligible Holder means a Limited Partner who is not a Citizenship Eligible Holder or a Rate Eligible Holder.

Examples of Ineligible Holder in a sentence

• The rights and obligations of a Person who is an Ineligible Holder shall be determined in accordance with Section 4.8.

• Each Ineligible Holder Instruction is made on the terms and conditions set out in this notice and therein.

• Upon dissolution of the Partnership, an Ineligible Holder shall have no right to receive a distribution in kind pursuant to Section 12.4 but shall be entitled to the cash equivalent thereof, and the Partnership shall provide cash in exchange for an assignment of the Ineligible Holder’s share of any distribution in kind.

• If the relevant Ineligible Holder is unable to give any of the representations and warranties described above, such Ineligible Holder should contact the Tabulation Agent.

• The Issuer reserves the absolute right to reject any and all Ineligible Holder Instructions not in a form which is, in the opinion of the Issuer, lawful.

More Definitions of Ineligible Holder

Ineligible Holder means a Limited Partner who is not an Eligible Taxable Holder or whose nationality, citizenship or other related status the General Partner determines, upon receipt of an Eligibility Certificate or other requested information, has created or would create under any federal, state or local law or regulation to which a Group Member is subject, a substantial risk of cancellation or forfeiture of any property in which a Group Member has an interest.

Ineligible Holder means a Limited Partner who is not a Citizenship Eligible Holder or a Rate Eligible Holder. “Initial Common Units” means the Common Units sold in the Initial Public Offering.

Ineligible Holder means an Ineligible Citizen Holder or a Rate Ineligible Holder.

Ineligible Holder means a Person whose, or whose beneficial owners, U.S. federal income tax status (or lack of proof of the U.S. federal income tax status) has or is reasonably likely to have, as determined by the General Partner, a material adverse effect on the rates that can be charged to customers by any Group Member with respect to assets that are subject to regulation by the Federal Energy Regulatory Commission or similar regulatory body.

Ineligible Holder means a Person whom the General Partner has determined is not an Eligible Holder.

Ineligible Holder means a holder of Subordinated Debt Securities that is prohibited or restricted by any applicable law or regulation in force in:

Ineligible Holder means a Limited Partner who is not an Eligible Holder.