Withdrawn Partner definition

Withdrawn Partner means a Limited Partner whose GP-Related Partner Interest or Capital Commitment Partner Interest in the Partnership has been terminated for any reason, including the occurrence of an event specified in Section 6.2, and shall include, unless the context requires otherwise, the estate or legal representatives of any such Partner.

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Withdrawn Partner shall have the meaning assigned to such term in Section 9.3.

Withdrawn Partner means a partner with respect to whom an event of withdrawal has occurred.

Examples of Withdrawn Partner in a sentence

Each Partner and ▇▇▇▇▇▇▇▇▇ Partner shall include in his or her will a provision that addresses certain matters in respect of his or her obligations relating to the Partnership that is satisfactory to the General Partner and each such Partner and Withdrawn Partner shall confirm annually to the Partnership, in writing, that such provision remains in his or her current will.
In no event shall any Partner or Withdrawn Partner (i) be obligated to make any capital contribution or payment to or on behalf of the Partnership or (ii) have any liability to return distributions received by such Partner from the Partnership, in each case except as specifically provided in Section 4.1(d) or Section 5.8 or otherwise in this Agreement, as such Partner shall otherwise expressly agree in writing or as may be required by applicable law.
Any Partner or Withdrawn Partner shall remain liable for the obligations under this Agreement (including any Net GP-Related Recontribution Amounts and any Capital Commitment Recontribution Amounts) of any transferee of all or any portion of such Partner’s or Withdrawn Partner’s interest in the Partnership, unless waived by the General Partner.
Where applicable, any estate planning trust of such Partner or Withdrawn Partner to which a portion of such Partner’s or Withdrawn Partner’s Interest is transferred shall include a provision substantially similar to such provision and the trustee of such trust shall confirm annually to the Partnership, in writing, that such provision or its substantial equivalent remains in such trust.
The Adjustment Amount shall, if positive, be payable by the holders of the purchased Capital Commitment Interests to the Withdrawn Partner from the next Capital Commitment Net Income received by such holders on the Contingent portion of such Withdrawn Partner’s Capital Commitment Interests at the time such Capital Commitment Net Income is received.

More Definitions of Withdrawn Partner

Withdrawn Partner means a partner with respect to whom an event of withdrawal has occurred. A partner withdraws if an event of withdrawal has occurred with respect to that partner under Section 6.01.

Withdrawn Partner means a partner with respect to whom an event of withdrawal has occurred. (TRPA 1.01(6), (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), (18), (19).)

Withdrawn Partner has the meaning set forth in Section 6.5(a).

Withdrawn Partner. As defined in Section 8.6.

Withdrawn Partner means a Partner which has become withdrawn from the Partnership pursuant to this Agreement.

Withdrawn Partner shall have the meaning ascribed thereto in Section 9.6.

Withdrawn Partner means a Limited Partner whose interest in the Partnership has been terminated for any reason, including the occurrence of an event specified in Section 6.2, and shall include, unless the context requires otherwise, the estate or legal representatives of any such Partner, (ii) the term “Withdrawal Date” shall mean the date of the Withdrawal from the Partnership of a Withdrawn Partner and (iii) the term “Settlement Date” shall mean the date as of which a Withdrawn Partner’s interest in the Partnership is settled as determined under paragraph (b) below.