Liquidating Partner definition

Liquidating Partner. As defined in Section 10.3(a).
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Liquidating Partner means the General Partner unless another Person is selected to serve as Liquidating Partner pursuant to Section 8.2. The Liquidating Partner shall be the “liquidating trustee” of the Partnership within the meaning of the Act.
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Liquidating Partner means Yusuf.
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Examples of Liquidating Partner in a sentence

  • If the Limited Partners do not so elect to continue the Partnership, a Liquidating Partner shall be elected by a Majority-In-Interest of the Limited Partners.

  • In furtherance thereof, the Liquidating Partner shall: (i) have all of the administrative and management rights and powers of the General Partner (including the power to bind the Partnership); and (ii) be reimbursed for Partnership Expenses incurred during the process.

  • Upon Dissolution of the Partnership, the Liquidating Partner shall promptly wind up the affairs of, liquidate and Terminate the Partnership.

  • Following Dissolution, the Partnership shall sell or otherwise dispose of assets determined by the Liquidating Partner to be unsuitable for distribution to the Partners, but shall engage in no other business activities except as may be necessary or appropriate, in the reasonable discretion of the Liquidating Partner, to preserve the value of the Partnership’s assets during the period of winding-up and liquidation.


More Definitions of Liquidating Partner

Liquidating Partner means the Partner designated as such by the General Partner; provided, however, that any Partner that causes the dissolution of the Partnership under Section 12.01(d) hereof or with respect to which an Event of Default has occurred shall not serve as the Liquidating Partner.
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Liquidating Partner has the meaning set forth in SECTION 15.1.
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Liquidating Partner shall have the meaning given to such term in Section 12.02 of the Partnership Agreement.
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Liquidating Partner means (i) the General Partner in the case of a termination of the Company pursuant to clause (a) of Section 10.1 hereof, (ii) Cedar GP in the case of a termination of the Company pursuant to clause (c) of Section 10.1 hereof if HHUS shall be the Partner causing the termination event pursuant to said clause, (iii) HHUS in the case of a termination of the Company pursuant to clause (c) of Section 10.1 hereof if Cedar LP or Cedar GP shall be the Partner causing the termination event pursuant to said clause, and (iv) the last remaining Partner (or its personal representative or nominee) in the case of a termination of the Company pursuant to clause (b) of Section 10.1 hereof.
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Liquidating Partner has the meaning set forth in Section 20.1(a).
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Liquidating Partner means (i) the General Partner in the case of a termination of the Partnership pursuant to clause (a) of Section 10.1 hereof, (ii) Cedar GP in the case of a termination of the Partnership pursuant to clause (e) of Section 10.1 hereof if RioCan shall be the Partner causing the termination event pursuant to said clause, (iii) Cedar LP in the case of a termination of the Partnership pursuant to clause (b) or (c) of Section 10.1 hereof if the General Partner was RioCan or an Affiliate of RioCan, (iv) RioCan in the case of a termination of the Partnership pursuant to clause (e) of Section 10.1 hereof if Cedar LP or Cedar GP shall be the Partner causing the termination event pursuant to said clause, (v) RioCan in the case of a termination of the Partnership pursuant to clause (b) or (c) of Section 10.1 hereof if the General Partner was Cedar GP, and (vi) the last remaining Partner (or its personal representative or nominee) in the case of a termination of the Partnership pursuant to clause (d) of Section 10.1 hereof.
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Liquidating Partner shall have the meaning ascribed thereto in Section 10.3(a).
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