Remaining Partner definition

Remaining Partner or “Remaining Partners,” as applicable, means each of the other Partners who or which own an Interest at a time when a Partner undergoes a Termination Event.
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Remaining Partner has the meaning set forth in Section 16.2(a).
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Examples of Remaining Partner in a sentence

  • The price for the interest in the Joint Venture shall be its net book value, as determined by the public accountants regularly employed by the Joint venture, or if there be none, by a certified public accountant acceptable to the Remaining Partner, as of the last day of the month preceding the event triggering the determination.

  • A Remaining Partner who does not approve of a Purchaser shall give detailed written reasons for doing so within 14 days of being asked to do so in writing by the Retiring Partner.

  • Failure of the other Partners to deliver such notice electing to purchase the entire Interest of the Terminated Party within such period shall constitute an election not to purchase the Interest of the Terminated Partner pursuant to this Section 9.6.2. Upon election by the Remaining Partner to purchase the Interest of the Terminated Partner, the purchase and sale of the Terminated Partner’s Interest shall be consummated pursuant to the provisions of Sections 9.9 through 9.14.

  • The Company has complied in all material respects with all applicable laws, rules and regulations relating to the payment and withholding of Taxes and has in all respects timely withheld from employee wages and paid over such taxes to the appropriate governmental authority.

  • At such time, the new owner will be provided an opportunity to sign a new ViaCord Service Agreement or otherwise provide ViaCord with instructions to discontinue banking services.

  • Termination by Death or Cessation of Existence; Continuation of Membership in a Remaining Partner.

  • If there is more than one Remaining Partner, each Remaining Partner shall have the right to purchase a proportionate percentage of the Interest offered by the Assigning Partner, based upon the relative Percentage Interest of each Remaining Partner pursuant to Section 3.1 (or Section 3.2(4), Section 4.2 or Section 4.3, if redetermined) as of the end of the month in which the Assigning Partner provided the Notice.

  • The Remaining Partner shall retain, in addition, its rights to seek damages from the Breaching Partner for breach of its obligations hereunder.

  • In a case where the Partnership will not buy out a Departing Partner, then each Remaining Partner must be given notice of the Partnership’s refusal.

  • For purposes of this Agreement, the occurrence of a Cash Dominion Event under clause (ii) hereof shall be deemed continuing until Agent verifies to its reasonable satisfaction that the Lessee Debt Default has either been cured or waived; provided, however, that a Cash Dominion Event shall be deemed continuing at all times after a Cash Dominion Event has occurred and been discontinued on two (2) previous occasions after the Closing Date.

Related to Remaining Partner

  • Selling Partner has the meaning set forth in Section 8.5.

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.

  • Remaining Members has the meaning set forth in Section 11.2.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Dating partner means any person involved in an intimate association with another individual that is primarily characterized by the expectation of affectionate involvement, whether casual, serious, or long-term.

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • Trading Partner means an entity that has registered with the Commission to exchange data through Electronic Data Interchange.

  • Exchanging Partner has the meaning provided in Section 8.05(a) hereof.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Faculty Member means any person hired by the college or District to conduct classroom or teaching activities or who is otherwise considered by the college to be a member of faculty.

  • Non-Managing Member means any Member other than the Managing Member.

  • Founder means, in respect of an issuer, a person who,

  • Defaulting Partner shall have the meaning set forth in Section 9.1.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Founding Member means any individual who is either:

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Transferring Member has the meaning set forth in Section 9.4.