Term of Partnership definition

Term of Partnership. The Partnership shall have a term of ten years from the date the Partnership is established unless wound up and dissolved sooner in accordance with the provisions of the Partnership Agreement. The investment period of the Partnership shall be for a period of three years from the day immediately following the date on which the initial capital contribution by all Partners is due, and the management and exit period shall be for a period of two years following the lapse of the investment period, which may be extended by the General Partner twice, of which each extension shall not exceed one year. Purpose of Partnership: The purpose of the Partnership is to carry on the business of investing to achieve satisfactory return to all Partners primarily through direct or indirect investments in equity, quasi-equity or engagement in equity investment related activities. Capital contribution: The total capital contribution by all Partners to the Partnership shall be RMB200 million, of which each of Shanghai Boli and BOCOM Guo Xin Asset Management shall contribute RMB100 million. The capital contribution to be made by Shanghai Boli was determined by the Company based on its asset allocation requirement and will be funded by its internal resources.
Sample 1

Examples of Term of Partnership in a sentence

  • Term of Partnership This agreement will terminate on March 31, 2019.

  • Term of Partnership That the Partnership shall be deemed to have commenced from _____________ and shall continue unless otherwise determined by the Parties.

  • Term of Partnership : Under the Original Partnership Agreement, the General Partner may extend the management and exit period twice, each for a period not exceeding one year.

Related to Term of Partnership

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • The Partnership has the sole responsibility to pay all maintenance and operating costs, including all taxes levied and all insurance costs, attributable to the Apartment Complex.

  • Original Limited Partner means any Person that is a Limited Partner as of the close of business on the date of the closing of the issuance of REIT Shares pursuant to the initial public offering of REIT Shares, and does not include any Assignee or other transferee, including, without limitation, any Substituted Limited Partner succeeding to all or any part of the Partnership Interest of any such Person.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • REIT means a “real estate investment trust” under Sections 856 through 860 of the Code.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Domestic partnership means an association of two or more persons to carry on as co-owners a

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • 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.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • General Partner has the meaning set forth in the Preamble.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • 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.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Operating Partnership has the meaning set forth in the preamble.

  • Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

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

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.