Transferee Partner definition

Transferee Partner means any Partner who has acquired any Partnership Interest by transfer or otherwise from any other Partner.
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Transferee Partner means any joint venture partner (and its Affiliates) who joins with a Person and/or such Person’s Affiliates to collectively invest in and acquire the Guarantor, provided that such joint venture partner (and its Affiliates) shall own a direct or indirect equity interest in (i) Guarantor or Private Company Replacement Guarantor, as applicable and (ii) Private Company Qualified Transferee following the consummation of a Private Company Transaction.
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Transferee Partner means an additional Partner admitted to the Partnership in accordance with the terms of this Agreement upon Transfer of an existing Partner’s Partnership Interest.
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Examples of Transferee Partner in a sentence

  • As of the date of such Transfer, the Transferee Partner shall succeed to the Capital Account of the Transferor Partner with respect to the transferred Units.

  • All distributions on or before the date of such Transfer shall be made to the transferor, and all distributions thereafter shall be made to the Transferee Partner.

  • Transferor Partner shall furnish or cause to be furnished to Transferee Partner, promptly after receipt, Transferor Partner’s Schedule K-1 to IRS Form 1065 for the interest for the fiscal year including the effective date of the transfer (the “Transfer Date”).

  • Packaging shall be responsible for determining the adjustments required or permitted by said sections of the Code, provided that, in the case of any adjustment required or permitted under section 743(b) of the Code, the Transferee Partner or Partners shall be solely responsible for determining the adjustments required thereunder unless such Partner or Partners provide Packaging with all the information necessary for Packaging to determine the adjustments.

  • The General Partner is hereby authorized by Transferee Partner, with respect to any distribution to which such Transferee Partner might otherwise be entitled, to defer making such distribution to Transferee Partner if, at the time such distribution would otherwise be effected, Transferee Partner has not satisfied its obligation to make the reimbursements provided for in the preceding sentence within the period specified therein.

  • The General Partner, in its sole discretion, shall determine which method shall be used by the Partnership to allocate the distributive shares of the various items of profit and loss between the transferor and the Transferee Partner.

  • In furtherance thereof, Transferor Partner hereby authorizes the General Partner to furnish directly to Transferee Partner copies of Transferor Partner’s Schedule K-1 for such fiscal year.

  • The General Partner shall be responsible for determining the adjustments required or permitted by said sections of the Code, except that, in the case of any adjustment required or permitted under section 743(b) of the Code, the Transferee Partner or Partners shall be solely responsible for determining the adjustments required thereunder unless such Partner or Partners provide the General Partner with all the information necessary for the General Partner to determine the adjustments.

  • In addition, on or before the Transfer Date (unless otherwise agreed to by Transferor Partner, Transferee Partner, and the General Partner), Transferor Partner shall provide Transferee Partner with Transferor Partner’s tax basis in the interest for U.S. federal income tax purposes as of the last day of the Partnership’s fiscal year prior to the fiscal year including the Transfer Date.