Preferred Limited Partner definition

Preferred Limited Partner means any Person holding a Preferred Unit, and named as a Preferred Limited Partner in Exhibit A attached hereto, as such Exhibit may be amended from time to time, or any Substitute Limited Partner or Additional Limited Partner, in such Person's capacity as a Preferred Limited Partner in the Partnership.

Preferred Limited Partner means any Person holding a Preferred Unit, and named as a Preferred Limited Partner in Exhibit A attached hereto, as such Exhibit may be amended from time to time, or any Substitute Limited Partner or Additional Limited Partner, in such Person’s capacity as a Preferred Limited Partner in the Partnership.

Preferred Limited Partner means a Limited Partner holding any series of Preferred Units.

Examples of Preferred Limited Partner in a sentence

• If the Partnership is obligated to pay any amount to a taxing authority on behalf of (or in respect of an obligation of) a Partner (including, federal, state and local or other withholding taxes and including any tax on any amount paid to an Exchangeable Preferred Limited Partner), then such Partner shall indemnify the Partnership and the other Partners in full for the entire amount of any tax (including any interest, penalties and expenses associated with such payment).

• In addition, each Preferred Limited Partner or Assignee (resulting from a transfer made pursuant to clauses (i)-(iv) of the preceding sentence) shall have the right to transfer all or any portion of its Partnership Interest, subject to the provisions of Section 11.6, provided that any transfer of a Partnership Interest shall be made only to Qualified Transferees.

• Any Preferred Limited Partner shall have the right to substitute a transferee permitted by this Agreement as a Limited Partner in his or her place.

• For purposes of the preceding sentence, Partnership property shall be considered ceiling limited in respect of a Preferred Limited Partner if Depreciation attributable to such Partnership property which would otherwise be allocable to such Partner, without regard to this paragraph, exceeded depreciation determined for federal income tax purposes attributable to such Partnership property which would otherwise be allocable to such Partner by more than 5%.

• The number of Exchangeable Preferred Units issued in accordance with Section 4.09 to each Exchangeable Preferred Limited Partner in respect of such Partner’s Exchangeable Preferred Limited Partnership Interest is set forth on Schedule 4.02 .

More Definitions of Preferred Limited Partner

Preferred Limited Partner means (i) initially, Dominion Midstream and Dominion Gas Projects and (ii) thereafter, any Person who has become a Preferred Limited Partner pursuant to the terms of this Agreement and has not ceased to be a Preferred Limited Partner. After consummation of the DCPI Distribution, MLP Holding Contribution, MLP Contribution and CP Holding Contribution, the Preferred Limited Partner will be CP Holding.

Preferred Limited Partner. Those persons listed as such on Exhibit 1 attached hereto and made a part hereof, as such Exhibit may be amended from time to time, in their capacity as limited partners in the Partnership holding Preferred Units, including any person who becomes a Substituted Preferred Limited Partner or an Additional Preferred Limited Partner in accordance with the terms of this Agreement.

Preferred Limited Partner means (i) CP Holding (unless it has ceased to be a Preferred Limited Partner) and (ii) thereafter, any Person who has become a Preferred Limited Partner pursuant to the terms of this Agreement and has not ceased to be a Preferred Limited Partner.

Preferred Limited Partner means any Limited Partner to which a Preferred Limited Partnership Interest is issued.

Preferred Limited Partner means any Person named as a Preferred Limited Partner in Exhibit A attached hereto, as such Exhibit may be amended from time to time, or any Substituted Limited Partner or Additional Limited Partner, in such Person's capacity as a Preferred Limited Partner in the Partnership.

Preferred Limited Partner means the SBA, in its capacity as a Preferred Limited Partner, or any other person holding one or more Preferred Limited Partnership Interests in the Partnership.

Preferred Limited Partner means the Person set forth on Schedule I hereto who holds a preferred limited partnership interest in the Partnership as indicated on such Schedule. (u) "Proceeds" shall mean any and all proceeds from the Judgment and/or the Cause of Action, including, but not limited to, proceeds pursuant to a final, non-appealable judgment or settlement of the Lawsuit based on or arising out of the Cause of Action, or any foreclosure on the Judgment or the Cause of Action by any Person who holds a Lien on such Judgment or Cause of Action, and including, without limitations all interest thereon. (v) "Security Agreement" shall mean the Security Agreement, dated as of April 17, 1998, by the General Partner and the Partnership in favor of GECC.