Partnership Contribution definition
Examples of Partnership Contribution in a sentence
The contribution of the Assets and execution and delivery of the Contracts described in this Section 2.3 shall be referred to in this Agreement as the “Partnership Contribution.” The Partnership hereby makes the Partnership Contribution as a capital contribution to the capital of the Operating Company and the Operating Company hereby accepts the Partnership Contribution as a contribution to the capital of the Operating Company.
Immediately following the Holdings Partnership Contribution, BGC Holdings will hold all of the outstanding equity interests in the Newmark Holdings General Partner (which shall hold the Newmark Holdings Special Voting Limited Partnership Interest) and all of the outstanding Newmark Holdings Limited Partnership Interests, with the total number of Newmark Holdings Units equal to the total number of BGC Holdings Units multiplied by the Contribution Ratio.
The contribution described in this Section 2.4 shall be referred to in this Agreement as the “Partnership Contribution.” The Partnership hereby makes the Partnership Contribution as a capital contribution to the capital of the Operating Company and the Operating Company hereby accepts the Partnership Contribution as a contribution to the capital of the Operating Company.
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 accepts such Partnership Contribution Interest as a contribution to the capital of the Partnership (the “First Partnership Contribution”).
As per the execution of the Deed of Transfer whereby the First Partnership Contribution is effectuated, the Partnership is admitted to VTTI Operating as a shareholder of VTTI Operating and agrees that it is bound by the VTTI Operating Charter as a shareholder of VTTI Operating, and VTTI Operating continues without dissolution with the Partnership as a shareholder.
The Borrower shall cause to be delivered to the Agent copies of documents that relate to the PVG General Partnership Contribution and such other documentation as the Agent may reasonably request, all of which shall be satisfactory to the Agent.
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.
If the Partnership Contribution Structure is used, the Holders of Secured First Lien Notes Claims shall be required on a pro rata basis to put 5% of the PropCo Common Equity to New CEC in connection with the New CEC PropCo Common Stock Purchase.
If the Partnership Contribution Structure is used, on the Effective Date, New CEC shall consummate the New CEC PropCo Common Stock Purchase, at which time New CEC shall own 5% of the PropCo Common Equity on a fully diluted basis (including dilution in connection with the PropCo Equity Elections but excluding dilution from PropCo Preferred Equity, if any).