Partner Contribution definition
Examples of Partner Contribution in a sentence
Upon the occurrence of a Rescission Event that has not been cured, regardless of the time period set forth in Section 5.1(a), the Operating Company shall have the right, but not the obligation, to rescind the Partnership Contribution, the General Partner Contribution and the TRMC Contribution by providing written notice to TRMC.
The Partnership hereby grants, contributes and bargains, and shall by means of the execution of a Deed of Transfer convey, assign, transfer, set over and deliver to VTTI Holdings, all right, title and interest in and to the Partnership Contribution Interest and the General Partner Contribution Interest, as a capital contribution.
The Partnership hereby accepts such General Partner Contribution Interest as a contribution to the capital of the Partnership (the “Second Partnership Contribution”).
VTTI Holdings hereby accepts such Partnership Contribution Interest and General Partner Contribution Interest as a contribution to the capital of VTTI Holdings.
The Partner shall maintain a separate accounting cost code specific to the Project, and all costs and income properly relating to the Project (including the Partner Contribution) shall be accounted for through that cost code.
The General Partner hereby grants, contributes and bargains, and shall, by means of the execution of a Deed of Transfer, convey, assign, transfer, set over and deliver to the Partnership, all right, title and interest in and to the General Partner Contribution Interest, as a capital contribution, in exchange for 821,429 General Partner Units representing a continuation of its 2.0% general partner interest in the Partnership.
The Partnership’s obligation to the Limited Partner with respect to all Contribution Return credited to the General Partner Contribution Account shall be satisfied by distributions made pursuant to §3.5 (a) below.
CEPI shall bear the cost of the audit unless the Partner is shown to have breached a material obligation of this Agreement, have misapplied CEPI funding or overstated the Partner Contribution.
General Partner Contribution ....................................
Such access shall include the right to reasonably inspect during regular business hours at times coordinated with the Partner any equipment or facilities acquired or funded under the CEPI funding or Partner Contribution.