Operating Partnerships definition

Operating Partnerships means the Partnership, OZ Advisors LP and OZ Advisors II LP.

Operating Partnerships. – means businesses in which Tuckamore holds an ownership interest;

Operating Partnerships means, collectively, Buckeye Pipe Line Company, L.P., Buckeye Pipe Line Holdings, L.P., Everglades Pipe Line Company, L.P. and Laurel Pipe Line Company, L.P., each a Delaware limited partnership, and each other current or future subsidiary of the Partnership which is managed by the General Partner or the OLP GP pursuant to its organizational documents or any other contractual arrangement with the General Partner or the OLP GP.

Examples of Operating Partnerships in a sentence

• However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes.

• Each of the Partnership, the Operating Partnerships and the Subsidiary Partnerships has, and at the time of purchase or the additional time of purchase, as the case may be, will have, full power and authority to conduct all the activities conducted by it, to own, lease and operate its properties and to conduct its business in all material respects as described in the Registration Statement and the Prospectus and to enter into and perform its obligations under this Agreement.

• Unless approved by the affirmative vote of at least a Unit Majority, the General Partner shall not take any action or refuse to take any reasonable action the effect of which, if taken or not taken, as the case may be, would be to cause the Partnership or any of the Operating Partnerships to be taxable as a corporation or otherwise taxed as an entity for federal income tax purposes.

• These limited partner interests have been duly authorized by the respective agreements of limited partnership of the Operating Partnerships (the "Operating Partnership Agreements"), have been validly issued in accordance with the respective Operating Partnership Agreements, are fully paid and non-assessable, except to the extent such non-assessability may be affected by Section 17-607 of the Delaware Act, and are the only outstanding limited partner interests of all of the Operating Partnerships.

• TEPPCO GP is the sole general partner of each of the Operating Partnerships and the Midstream Subsidiary Partnerships and, with respect to Jonah, the sole managing general partner, in each case with a general partner interest of 0.001%.

More Definitions of Operating Partnerships

Operating Partnerships means Plains Marketing, L.P., a Texas limited partnership, Plains Pipeline, L.P., a Texas limited partnership, and such other Persons that are either disregarded as separate from the Partnership or treated as partnerships for federal income tax purposes that are majority-owned by the Partnership and controlled by the Partnership (whether by direct or indirect ownership of the general partner of such Person or otherwise) and established or acquired for the purpose of conducting the business of the Partnership.

Operating Partnerships means the Partnership, OZ Management LP and OZ Advisors LP.

Operating Partnerships mean Buckeye Pipe Line Company, L.P., Buckeye Pipe Line Company of Michigan, L.P., Buckeye Tank Terminals Company, L.P., Everglades Pipe Line Company, L.P., and Laurel Pipe Line Company, L.P., each a Delaware limited partnership.

Operating Partnerships means the limited partnerships, each of which will own and operate a Facility. "Operating Partnership Interest" means the 98.99% partnership interest of the Fund in an Operating Partnership. "Partner" means any General Partner or Limited Partner. "Partnership Interest Options" means those agreements pursuant to which the Fund will acquire, subject to raising sufficient proceeds of this Offering, Operating Partnership Interests in respect of Facility I and Facility II. "Person" means any individual or Entity. "Preferred Return" means the cumulative, non-compounded annual return equal to 10. 125% of the Adjusted Capital Balance of each Investor commencing on the earlier of (i) the final closing for the sale of Units or (ii) June 30, 1988. At the time of a Sale or Refinancing, if any portion of the Preferred Return of an Investor has not been paid from Net Cash Flow, such unpaid portion will be added to the Investor's priority distribution from the Net Proceeds of Sale or Refinancing, all as more fully set forth in Article IV. "Profit" or "Loss" means, for each fiscal year or other period, an amount equal to the Fund's taxable income or loss for such year or period, with the following adjustments: (i) Any income of the Fund that is exempt from federal income tax shall be added to such taxable income or loss; (ii) Any expenditures of the Fund described in Section 705(a)(2)(B) of the Code, or treated as Section 705(a)(2)(B) of the Code expenditures pursuant to Income Tax Reg. ss.1.704-1(b)(2)(iv)(i), shall be subtracted from such taxable income or loss; and (iii) In lieu of the depreciation, amortization and other cost recovery deductions taken into account in computing such taxable income or loss, an amount equal to the depreciation, amortization, or other cost recovery deduction allowable with respect to an asset for such year or other period for federal income tax purposes shall be taken into account, except that if the fair market value on the date that the asset is contributed to the Fund (or if the basis of such asset for book purposes is adjusted under the Income Tax Regulations, such adjusted book basis) differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, the depreciation, amortization and other cost recovery deductions taken into account shall be equal to an amount which bears the same ratio to such beginning fair market value (or adjusted book basis) as the federal income tax depreciation, amo...

Operating Partnerships means Plains Marketing, L.P. and All American Pipeline, L.P.

Operating Partnerships has the meaning assigned to it in the Partnership Agreement.

Operating Partnerships means Magellan OLP, Magellan Pipeline, Magellan Pipeline Terminals and such other Persons that are treated as partnerships for federal income tax purposes that are majority-owned by the Partnership and controlled by the Partnership (whether by direct or indirect ownership of the general partner of such Person or otherwise) and established or acquired for the purpose of conducting the business of the Partnership.