notice partner definition

notice partner. (as defined in Section 6231 of the Code) or a member of a "NOTICE GROUP" (as defined in Section 6223(b)(2) of the Code);
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notice partner has the meaning set forth in Section 11.3.
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notice partner means, with respect to each separate Protected Partner (including its successors), (i) a single representative designated as the “Notice Partner” in a written notice from the initial Protected Partner to the Operating Partnership or (ii) if no such designation has been made, such initial Protected Partner. There shall be only one Notice Partner at any given time for each Protected Partner (including all of its successors) and in no event shall there be more than five Notice Partners. In no event may two or more Protected Partners designate the same Notice Partner. Except as provided below, in the event that a Notice Partner is unable or unwilling to continue to serve as a Notice Partner, the initial Protected Partner who designated such Notice Partner may designate a replacement Notice Partner in a written notice to the Operating Partnership. In the event that an initial Protected Partner has transferred any OP Units issued pursuant to the Contribution Agreement, then a majority of the holders of the OP Units issued to such initial Protected Partner may designate a new Notice Partner or, in the event that a Notice Partner is unable or unwilling to continue to serve as a Notice Partner, a replacement Notice Partner, in each case in a written notice to the Operating Partnership.
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More Definitions of notice partner

notice partner within the meaning of section 6223 of the Code and shall inform each Member of all significant matters that may come to its attention in its capacity as Tax Matters Member by giving notice thereof on or before the fifth Business Day after becoming aware thereof and, within that time, shall forward to each other Member copies of all significant written communications it may receive in that capacity. The Tax Matters Member may not take any action contemplated by sections 6222 through 6232 of the Code without the consent of a Majority Interest, but this sentence does not authorize the Tax Matters Member to take any action left to the determination of an individual Member under sections 6222 through 6232 of the Code. The initial Tax Matters Member shall be the Member so indicated on Exhibit A. ARTICLE X. BOOKS, RECORDS, REPORTS, AND BANK ACCOUNTS
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notice partner has the meaning given such term in Section 7.9.1 hereof.
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Related to notice partner

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Alliance Partner means "Flatworld Trading Pvt Ltd ", who has entered into an alliance agreement with Axis Bank for purpose of providing the Offer.

  • Managing Partner means Geodyne Production Company, a Delaware corporation, and any other Person admitted as additional or Substituted Managing Partner pursuant to Article Six of this Agreement.

  • Dating partner means any person involved in an intimate association with another individual that is primarily characterized by the expectation of affectionate involvement, whether casual, serious, or long-term.

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.