Passive Partnership definition

Passive Partnership company means any company that is not controlled by the Casino Group in which the Casino Group holds an interest, but which does not meet the criteria to be considered an Active Partnership company.
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Examples of Passive Partnership in a sentence

  • The Principal also undertakes to exclude from benefiting from this Mandate, with immediate effect, any company to which it is bound which is excluded from the definition of Active Partnership or Passive Partnership company, or from the definition of Affiliate, unless otherwise expressly agreed by the Parties.

  • The foregoing notwithstanding, any failure to provide consents and otherwise satisfy Preference Rights and Transfer Requirements shall constitute a Title Defect with respect to the Acquired Assets affected, including interests in properties that are indirectly owned through the partnerships that comprise the MGP Partnership Interests, the Passive Partnership Interests and the Alerion Assets.

Related to Passive Partnership

  • Passive NFFE means any NFFE that is not (i) an Active NFFE, or (ii) a withholding foreign partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations.

  • Passive NFE Under the CRS a “Passive NFE” means any NFE that is not an Active NFE. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution is also treated as a Passive NFE for purposes of the CRS.

  • General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • Passive RFID tag means a tag that reflects energy from the reader/interrogator or that receives and temporarily stores a small amount of energy from the reader/interrogator signal in order to generate the tag response. The only acceptable tags are EPC Class 1 passive RFID tags that meet the EPCglobal\TM\ Class 1 Generation 2 standard.