Non-Managing Partner definition

Non-Managing Partner means any Partner other than the Managing Partner.
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Non-Managing Partner means Oxy Wilmington.
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Non-Managing Partner or similar references shall refer to Wesnat. Each of MCJV, Pipeline and Wesnat further do hereby consent to the withdrawal of WNGC as a partner of MCJV, effective December 31, 1992 and agrees to indemnify and hold harmless WNGC from any liability relating to MCJV save and except for its Guarantee of the Note pursuant to the Permanent Loan Agreement. WNGC hereby expressly agrees that this Assignment and Assumption Agreement in no way affects its obligations under the Guarantee.
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Examples of Non-Managing Partner in a sentence

  • The Managing Partner shall solicit the comments of the Non-Managing Partner with respect to each Proposed Budget and Proposed Business Plan or Proposed Change.

  • If the Buying Partner and such other Non-Managing Partner cannot agree upon a Transfer Price within sixty (60) days after the notice referred to in the first sentence of this Section 11.02, either the IMC Partner or the FRP Partner may, by notice to the other, invoke the Appraisal Procedure.

  • At each such regular meeting, the Managing Partner shall provide the Non-Managing Partner with an overview of the business and affairs of the Partnership.

  • Any amounts payable by either Non-Managing Partner under the Contribution Agreement shall be deemed amounts payable by such Non- Managing Partner hereunder.

  • To the extent proposals do not comply with these requirements they will be deemed ineligible and will not be considered for further evaluation.

  • Any Interested Party Decision shall be made by the Managing Partner on behalf of the Partnership only with the approval of the Non-Managing Partner to the extent provided in Section 5.1(d), after full disclosure to the Non-Managing Partner of all material facts relating to such matter.

  • The Managing Partner shall hold regular meetings with the Non-Managing Partner no less frequently than once each calendar quarter at dates, times and places mutually acceptable to the Partners.

  • If a Liquidating Event occurs or an event described in Section 15.1(a)(iii) occurs that would, but for the provisions of Section 15.1, result in a dissolution of the Partnership, the Managing Partner shall, within thirty (30) days thereafter, provide written notice thereof to the Non-Managing Partner.

  • The Partners hereby agree that, to the extent that the Non-Managing Partner and JMB LP elect to invest for their entire 26% entitlement and the Partnership is to be the Future Development Entity, each of the Partners shall invest therein for such portion in accordance with their respective Percentage Interests.

  • For a period of thirty (30) days after the delivery of the Call Response (the "Call Negotiation Period"), the Managing Partner and the Non-Managing Partner shall negotiate in good faith to arrive at the Call Price to be paid hereunder.


More Definitions of Non-Managing Partner

Non-Managing Partner means Utah and its successors and assigns, in its capacity as a non-managing general partner of the Partnership.
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Non-Managing Partner means JMB Southeast Development, LLC, a Delaware limited liability company, and its permitted successors appointed as set forth herein.
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