Examples of Property Partnership Agreement in a sentence
In keeping with Section 6.3A(ii), Fund LPA Section 6.9A reiterates the requirement for Investor Limited Partner Consent for any action by the Property SLP:[Property SLP] shall not take any action or exercise any consent, voting or other rights pursuant to a Property Partnership Agreement of any Property Partnership without the Consent of the Investor Limited Partner[s].
The Investor Limited Partner shall have the right to cause [Property SLP] to take any action or exercise any consent, voting o[r] other rights pursuant to the Property Partnership Agreement of any Property Partnership.Fund LPA § 6.9A; First Amendment at HUDSON00018162.As explained, Fund GP does not have the authority or duty to interfere with the Disposition because doing so is contrary to the Fund’s purpose.
Notwithstanding anything in this Agreement to the contrary, if and to the extent that the Partnership raises funds by way of the issuance of equity or debt securities, or otherwise, pursuant to a public offering, private placement or otherwise, the General Partner shall cause such funds to be invested in securities of the Property Partnership in accordance with the terms of the Property Partnership Agreement, unless otherwise agreed by the Partnership and the Property Partnership.
Further, each of the Property Partnerships has been and will be operated in accordance with the terms and provisions of its Property Partnership Agreement.
See "BENEFITS TO RELATED PARTIES" and "CONFLICTS OF INTEREST." The general partner of the Property Partnership may also have a conflict of interest in evaluating certain alternatives available to the Property Partnership, such as the sale or liquidation of the Property Partnership assets, in that such transactions may result in a reduction or termination of fees payable to the general partner's affiliates pursuant to the Property Partnership Agreement or otherwise.
Notwithstanding the provisions of Section 4.2(a), any distributions from the Property Partnership to the Partnership pursuant to Section 6.1(c) of the Property Partnership Agreement, relating to the “Limited Partner Investor Return” (as defined in the Property Partnership Agreement), shall be distributed 100% to the Additional Limited Partners in proportion to their Limited Partner Sharing Percentages.
Pursuant to the Property Partnership Agreement, the general partner of the Property Partnership has agreed in writing to permit the transfer of Property Partnership Units pursuant to this Exchange Offer, and has approved the admission of the Purchaser as a substitute Limited Partner.
Such costs and expenses may be reimbursed from the Property Partnership as stated in the Property Partnership Agreement, from the net proceeds of the Capital Contributions of the Additional Limited Partners (as described in the Memorandum) and from the Partnership’s share of distributions from the Property Partnership.
Property Partnership Agreement With respect to the Property Partnership, the Partnership had a 100% interest, during the guaranty period (through December 31, 1989), in the income, losses and cash distributions of the Property Partnership, other than expenses and deductions allocable to AFP-II to the extent of its funding of the Minimum Yield Guaranty (see Note 4).
Pursuant to the Property Partnership Agreement, the general partner of the Property Partnerships and their affiliates receive various fees from the Property Partnerships.