Terminating Partner definition

Terminating Partner shall have the meaning set forth in Section 6.05 hereof.
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Terminating Partner has the meaning set forth in Section 15.3.
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Examples of Terminating Partner in a sentence

  • The Terminating Partner shall take such action as is necessary so that the Partnership's business shall be terminated, its liabilities discharged, and its assets distributed as hereinafter described.

  • The Terminating Partner shall take such action as is necessary so that the Fund's business shall be terminated, its liabilities discharged and its assets distributed as hereinafter described.

  • All liquidating distributions shall be made in assets of the Partnership and/or in cash as the Terminating Partner shall determine in its sole and absolute discretion.

  • At the direction of the General Partner (the "Terminating Partner"), a full accounting of the assets and liabilities of the Fund shall be taken and a statement of the Fund Assets and a statement of each Partner's Capital Account shall be furnished to all Partners as soon as reasonably practicable.

  • At the direction of the General Partner, or a Person approved by the Limited Partner(s) if the winding-up and dissolution of the Partnership is pursuant to Section 6.02(a)(ii) ------------------- hereof (the General Partner or the other Person, as the case may be, being herein called the "Terminating Partner"), a full accounting of the assets and liabilities of the Partnership shall be taken and a statement of the Partnership Assets shall be furnished to all Partners as soon as is reasonably practicable.

  • All liquidating ------------ distributions shall be made in assets of the Partnership and/or in cash as the Terminating Partner shall determine in its sole and absolute discretion.

  • To avoid doubt, the Agreement in its entirety will remain operative for the remaining Partners and the terms of the Agreement survive termination in relation to any information that has already been shared by the Terminating Partner.

  • At the direction of the General Partner (§ 3.1) (the "Terminating Partner"), a full accounting of the assets and liabilities of the Fund shall be taken and a statement of the Fund Assets and a statement of each Partner's Capital Account shall be furnished to all Partners as soon as reasonably practicable.

  • If, at any time after delivery of a notice pursuant to the provisions of the immediately preceding sentence by a Terminating Partner, NJHA and the Partnership should mutually agree to modifications to the rental obligations under the Lease to the satisfaction of both Partners, then such notice shall automatically, and with no further action required by any party, be revoked and of no further force or effect.

  • The election may be made by the surviving Partners by notice to the Terminating Partner within 30 days after receipt by the surviving Partners of notice of the event.

Related to Terminating Partner

  • Terminating Party As defined in Section 7.1(f).

  • 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.

  • 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.

  • Terminating Company Breach has the meaning specified in Section 10.01(b).

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