Partnership Liability definition

Partnership Liability means the debts, obligations and other liabilities of the Partnership which the Partners may be jointly and severally liable for in accordance with Section 15-306(a) of the Act.
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Partnership Liability means, with respect to a Participating Partnership, that part, if any, of an Advance (together with interest thereon and fees, prepayment premiums and other charges properly attributable thereto) that is received by and used by or for the benefit of such Participating Partnership, as certified to Lender by Cavalier Homes, under Section 4.2, in connection with Cavalier Homes's request for such Advance, and "Partnership Liabilities" means the aggregate amount of all such parts of Advances that are received by and used by or for the benefit of such Participating Partnership.
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Partnership Liability means, with respect to a Participating Partnership, that part, if any, of an Advance (together with interest thereon and fees, prepayment premiums and other charges properly attributable thereto) that is received by and used by or for the benefit of such Participating Partnership, as certified to Lender by Cavalier Homes, under Section 4.2, in connection with Cavalier Homes' request for such Advance, and "Partnership Liabilities" means the aggregate amount of all such parts of Advances that are received by and used by or for the benefit of such Participating Partnership. "Pension Plan" means any employee pension benefit plan, as defined in Section 3(2) of ERISA that is subject to Section 302 of ERISA.
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Examples of Partnership Liability in a sentence

  • Id. For example, in Count III, Plaintiffs allege “selective enforcement” in violation of the Fourteenth Amendment and that Defendants have “deliberately and unlawfully…[and] selectively applied HB 1557” against Plaintiffs.

  • Managing Partnership Liability Allocations: Guarantees,DROs and Other Techniques+ .........................................................

  • Date LEGAL NAME OF BIDDER: Check which business entity the bidder is: Corporation Limited Liability Corporation Subchapter S Corporation Partnership Limited Partnership Liability Partnership Sole Proprietorship Complete if the bidder is one of the 3 types of Corporations: Date Incorporated: Where Incorporated: NOTE: If no stockholder orpartner owns 10% or more of the Limited business submitting the bid, pleasesign and date this form.

  • New Partnership Liability Regulations Target AbuseBut Sweep More Broadly 73-1Blake D.

  • If the LOS Partner or any Affiliate of the LOS Partner reasonably anticipates that it may incur Damages in excess of its 30 percent share of an Unassigned Partnership Liability, it may notify the Designs Partner and the Designs Partner will thereupon be required to pay its 70 percent share of such liability to the LOS Partner, or the LOS Partner's Affiliate as the case may be, without requiring the LOS Partner, or the LOS Partner's Affiliate as the case may be, to first pay its 30 percent share.

  • REG-131186-17, Proposed Removal of Temporary Regulations on a Partner’s Share of a Partnership Liability for Disguised Sale Purposes, 83 F.R. 28397 (6/19/18).

  • LeePaid ror by Wieeiax LeeAfter a lengthy time in a hot,humid enclosure, the grand compromise was hammered out and adopted creating this consti- tutional republic.It is time for our Congress to follow this example.

  • General Partnership: Liability of all members is unlimited.b. Limited Partnership: one partner has unlimited liability and the liability of other partners is limited to their share in the partnership.

  • Planning for Partnership Liability Allocations Includingthe New Proposed Regulations^75-1Blake D.

  • A ‘Guaranteed’ Debacle: Proposed Partnership Liability Regulations 58 Blake D.


More Definitions of Partnership Liability

Partnership Liability means a liability of the Partnership or the Partnership's share of a liability of an Intermediate Partnership or the Partnership's share of an Intermediate Partnership's share of a liability of an Operating Partnership.
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Partnership Liability means any debt, liability or obligation of the Partnership (whether fixed, accrued, unmatured or contingent), and "Partnership Liabilities" means the aggregate of all such debts, liabilities and obligations of the Partnership.
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Related to Partnership Liability

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

  • Look-Through Ownership Limit means, for any Look-Through Entity, a number of the Outstanding shares of Class B Preferred Stock of the Corporation having an Aggregate Value not in excess of the excess of (x) 15% of the Aggregate Value of all Outstanding shares of Equity Stock over (y) by the Aggregate Value of all shares of Equity Stock other than Class B Preferred Stock that are Beneficially Owned by the Look-Through Entity.

  • Ownership Limit means, for any Person other than the Initial Holder or a Look-Through Entity, a number of the Outstanding shares of Class C Preferred Stock of the Corporation having an Aggregate Value not in excess of the excess of (x) 8.7% of the Aggregate Value of all Outstanding shares of Equity Stock over (y) the Aggregate Value of all shares of Equity Stock other than Class C Preferred Stock that are Beneficially Owned by the Person.

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Ownership Limitation shall have the meaning set forth in Section 2.01(c)(i).

  • Aggregate Share Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding Shares and not more than 9.8% (in value or in number of shares, whichever is more restrictive) of any class or series of Shares.

  • Common Share Ownership Limit means not more than 9.8 percent (in value or in number of shares, whichever is more restrictive) of the aggregate of the Outstanding Common Shares, or such other percentage determined by the Manager in accordance with Section 13.9.

  • Beneficial Ownership Limitation shall have the meaning set forth in Section 4(d).

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Aggregate Stock Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding shares of Equity Stock. The value of the outstanding shares of Equity Stock shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Common Stock Ownership Limit means not more than 9.8% (in value or in number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of Common Stock of the Company. The number and value of outstanding shares of Common Stock of the Company shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partner Minimum Gain means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Company Minimum Gain has the meaning given the term “partnership minimum gain” in Sections 1.704-2(b)(2) and 1.704-2(d) of the Regulations.

  • Virginia venture capital account means an investment fund that has been certified by the

  • Noneconomic damages ’ means damages for phys-

  • Aggregate Ownership Limit means not more than 9.8 percent (in value or in number of shares, whichever is more restrictive) of the aggregate of the Outstanding Shares, or such other percentage determined by the Manager in accordance with Section 13.9.

  • Partnership Unit means, with respect to any class of Partnership Interest, a fractional, undivided share of such class of Partnership Interest issued pursuant to Sections 4.1 and 4.3 (including Performance Units). The ownership of Partnership Units may be evidenced by a certificate for units substantially in the form of Exhibit D-1 or D-2 hereto or as the General Partner may determine with respect to any class of Partnership Units issued from time to time under Sections 4.1 and 4.3.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Nonrecourse Liability has the meaning set forth in Treasury Regulation Section 1.752-1(a)(2).

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • Excepted Holder Limit means, provided that the affected Excepted Holder agrees to comply with the requirements established by the Board pursuant to Section 5.9(ii)(g), and subject to adjustment pursuant to Section 5.9(ii)(h), the percentage limit established by the Board pursuant to Section 5.9(ii)(g).

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.