Managing Limited Partners definition

Managing Limited Partners has the meaning given to it in Section 9.1 Measurement Date has the meaning given to it in Section 7.2.17.2.2 Measurement Year has the meaning given to it in Section 7.2.2 MEP Board shall mean the advisory board of the General Partner from time to time MEP SPA shall mean, with respect to each Limited Partner, the partnership interest sale and transfer agreements or partnership interest sale and contribution agreement as well as any agreement on the acquisition of an additional contribution, as the case may be, with which a Manager or an Investment Vehicle acquires a partnership interest or parts thereof in the Partnership Net Income shall mean, with respect to any period, the consolidated net income (loss) of TopCo and its subsidiaries determined in accordance with IFRS for such period; provided that:
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Examples of Managing Limited Partners in a sentence

  • The Managing Limited Partners shall not be entitled to any compensation for the services to be rendered hereunder.

  • If the number of Managing Limited Partners falls below two for any reason, the General Partner shall appoint one or two Managing Limited Partner(s) (as necessary to re-establish two Managing Limited Partners).

  • If more than one Managing Limited Partner have been appointed, two Managing Limited Partners are authorised to represent the Partnership jointly.

  • The individuals at any time appointed as Managing Limited Partners under or in accordance with this Partnership Agreement are herein referred to as “Managing Limited Partner”.

  • If prescribed by law or required under a resolution of the Partners with the approval of the General Partner, the annual statement of accounts shall be submitted to the Partnership’s auditor for a formal audit, in which case the Managing Limited Partners, subject to the prior approval of the General Partner, shall appoint such auditor.

  • Such Managing Limited Partner shall inform the other Managing Limited Partners (if any) of the request and shall without undue delay call a partners meeting.

  • Each Limited Partner shall provide its personal details to the Managing Limited Partners and shall update the information as appropriate without undue delay.

  • Withdrawals from the Capital Accounts shall be permissible only if expressly provided for in this Partnership Agreement with the prior written approval of the General Partner and Managing Limited Partners or upon dissolution of the Partnership.

  • Such request shall be made in writing addressed to one of the Managing Limited Partners.

  • If the General Partner disagrees with instructions of the Managing Limited Partners, before complying with the relevant instructions, the General Partner is entitled to submit to the Partners a written resolution in accordance with § 7.4 or to call a formal partners meeting in accordance with § 7.5 to obtain confirmation of the relevant instructions.