Examples of Obligated Partner in a sentence
Any such contribution by an Obligated Partner shall be used to make payments to creditors of the Partnership and such Obligated Partners (i) shall not be subrogated to the rights of any such creditor against the General Partner, the Partnership, another Partner or any Person related thereto, and (ii) hereby waive any right to reimbursement, contribution or similar right to which such Obligated Partners might otherwise be entitled as a result of the performance of their obligations under this Agreement.
Each Obligated Partner having such an obligation to restore a deficit Capital Account shall satisfy such obligation by the end of the fiscal year of liquidation (or, if later, within ninety (90) days following the liquidation and dissolution of the Partnership).
Each Obligated Partner having such an obligation to restore a deficit Capital Account shall satisfy such obligation by the end of the fiscal year of liquidation (or, if later, within ninety (90) days following the liquidation and dissolution of the Partnership) or distribution to such Obligated Partner, as the case may be.
Any such contribution by an Obligated Partner shall be used to make payments to creditors of the Partnership and such Obligated Partners (i) shall not be subrogated to the rights of any such creditor against the General Partner, the Partnership, another Partner, or any Person related thereto, and (ii) hereby waive any right to reimbursement, contribution or similar right to which such Obligated Partners might otherwise be entitled as a result of the performance of their obligations under this Agreement.
EXHIBIT C Obligated Partners Exhibit C Protected Amounts Obligated Partner Protected Amount* Cache Valley Mall Partnership, Ltd.
Xxxxxx Title: Vice President and Secretary Exhibit C Protected Amounts Obligated Partner Protected Amount* Cache Valley Mall Partnership, Ltd $5,029,114 Xxxxx Xxxxxxx $0 Xxxxx Xxxxxxx $500,000 Xxxxxxx Xxxxxx $31,396 Fairfax Holding, LLC $81,333,944 Xxx & Xxxxxxx Xxxxxxx Family Trust $1,130,001 Xxxxxxx X.
The proceeds of any contribution to the Partnership made by an Obligated Partner with respect to such Obligated Partner’s Capital Account Deficit balance shall be treated as a Capital Contribution by such Obligated Partner and the proceeds thereof shall be treated as assets of the Partnership to be applied as set forth in Section 13.2.A.
Rex Frazier Title: President 1 EXHIBIT B LIST OF OBLIGATED PARTNERS Obligated Partner Restoration Amount{1} Boise Mall Investment Co., Ltd.{2} $10,431,500 less 21.32857% of the Guaranteed Amount (which amount will initially equal $3,857,332) Cache Valley Mall Partnership, Ltd.
Each Protected Partner and Obligated Partner, hereby covenants and agrees to provide, on its own behalf or through its legal representatives, GGP Partnership with prompt written notice of any transfer of Protected Units or the death of such Protected Partner or Obligated Partner.
The New Limited Partner hereby agrees to become an Obligated Partner with a Protected Amount as defined in, and adjusted from time to time pursuant to, that Tax Matters Agreement of even date herewith entered into by the Partnership and the New Limited Partner.