Related Partner definition
Examples of Related Partner in a sentence
Each Non-Defaulting Related Partner shall have the obligation to fund its pro rata portion (based on the Non-Defaulting Ratio) of the Open Call Amount (by reason of a comparable provision in the governing agreement of the applicable Related Vehicle through the applicable Related Vehicle up to such Non-Defaulting Related Partner’s unfunded commitment to the applicable Related Vehicle).
In determining whether a particular proposed Transfer will result in a termination of the Partnership, counsel to the Partnership (i) shall take into account the existence of prior written commitments to Transfer made pursuant to this Section 7.5(c) and such commitments shall always be given precedence over subsequent proposed Transfers and (ii) shall take into account the Transfer by the Transferor Partner’s Related Partner.
A Partner that is not a natural person will be deemed to have committed a Breach if the Partner’s Related Partner is considered to have committed a Breach (assuming for this purpose such Related Partner were subject to the restrictions of this Article IX of the Partner Holdings Partnership Agreement).
A Family Related Partner’s Vested Percentage shall be equivalent to the Vested Percentage of the IP Limited Partner associated with such Family Related Partner.
For purposes of this Section 6.5, the term “Settlement Date” means the date as of which a Withdrawn Partner’s GP- Related Partner Interest in the Partnership is settled as determined under paragraph (b) below.