Examples of Litho in a sentence
Such financial statements have been prepared in accordance with GAAP, and fairly present, on a consolidated basis, the financial condition of the Companies and Litho and the Partnerships, as appropriate, as of the respective dates indicated therein and the results of operations for the respective periods indicated therein.
Notwithstanding the provisions of Article VI, with respect to a Participant who was a participant in the Western Litho Plate and Supply Company, Inc.
Partnership Sales Proceeds and Partnership Refinancing Proceeds will be distributed within 60 days of the Capital Transaction giving rise to such proceeds, or earlier in the discretion of Litho, proportionately among the Partners based on their respective Percentage Interests in the Partnership as of the date of the Capital Transaction giving rise to such proceeds.
See "Conflicts of Interest" and "Prior Activities." The principal executive office of the General Partner is located at 2008 Litho Place, Fayetteville, North Carolina 28304, and its telephone number is (800) 682-7971.
Partnership Cash Flow for each Year of the Partnership, to the extent available, will be distributed within 60 days after the end of each Year of the Partnership, or earlier in the discretion of Litho, proportionately among the Partners based on their respective Percentage Interests in the Partnership at the time of distribution.
The Partnership Agreement designates Litho as the Tax Matters Partner (as defined in Section 6231 of the Code) and authorizes it to act in any similar capacity under state or local law.
Litho may transfer all or a portion of its Partnership Interest only if, in the opinion of the Partnership's accountant, the new general partner has sufficient net worth and meets other requirements to assure that the Partnership will continue to be treated as a partnership for Federal tax purposes.
The Management Agreement will be automatically renewed for up to one additional successive five-year term unless it is earlier terminated by the Partnership or Litho.
Litho will, in its sole discretion, make for the Partnership any and all elections for federal, state and local tax purposes including, without limitation, any election, if permitted by applicable law, to adjust the basis of the Partnership's property pursuant to Code Sections 754, 734(b) and 743(b), or comparable provisions of state or local law, in connection with transfers of interests in the Partnership and Partnership Distributions.
See "Business Activities - Management." Under the Partnership Agreement, if Litho is adjudged by a court of competent jurisdiction to be liable to the Limited Partners or the Partnership for acts of gross negligence or willful misconduct in the performance of its duties under the terms of the Partnership Agreement, Litho may be removed and another substituted with the consent of all of the Limited Partners.