Xxxxxxxx Islands Act definition

Xxxxxxxx Islands Act means the Limited Partnership Act of The Republic of the Xxxxxxxx Islands, as amended, supplemented or restated from time to time, and any successor to such statute.
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Xxxxxxxx Islands Act means the Xxxxxxxx Islands Limited Liability Company Act of 1996 (SS.22.1 et seq of the Republic of the Xxxxxxxx Islands Associations Law), as the same may be amended from time to time.
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Xxxxxxxx Islands Act means the Limited Partnership Act of the Republic of the Xxxxxxxx Islands, as amended, supplemented or restated from time to time, and any successor to such statute. “Merger Agreement” has the meaning assigned to such term in Section 14.1. “National Securities Exchange” means an exchange registered with the Commission under Section 6(a) of the Securities Exchange Act of 1934, as amended, supplemented or restated from time to time, and any successor to such statute. “Net Agreed Value” means, (a) in the case of any Contributed Property, the Agreed Value of such property reduced by any liabilities either assumed by the Partnership upon such contribution or to which such property is subject when contributed, and (b) in the case of any property distributed to a Partner by the Partnership, the Partnership’s Agreed Value of such property at the time such property is distributed, reduced by any indebtedness either assumed by such Partner upon such distribution or to which such property is subject at the time of distribution. “Notice of Election to Purchase” has the meaning assigned to such term in Section 15.1(b). “Notional General Partner Units” means notional units used solely to calculate the General Partner’s Percentage Interest. Notional General Partner Units shall not constitute “Units” for any purpose of this Agreement. As of the Effective Date there are 1,554,525 Notional General Partner Units (resulting in the General Partner’s Percentage Interest being 1.76% as of such date). If a Pro Rata distribution or a subdivision or combination of Units is made in accordance with Section 5.9, the number of Notional General Partner Units shall be proportionally increased or decreased, as applicable, to reflect the maintenance of such Percentage Interest. “Omnibus Agreement” means that Amended and Restated Omnibus Agreement, dated as of December 19, 2006, among Teekay Corporation, the General Partner, the Partnership, the Operating Company, Teekay Offshore GP, L.L.C., Altera Infrastructure L.P. (formerly known as Teekay Offshore Partners L.P.), and Teekay Offshore Operating L.P. “Operating Company” means Teekay LNG Operating L.L.C., a Xxxxxxxx Islands limited liability company, and any successors thereto. “Operating Company Agreement” means the Second Amended and Restated Limited Liability Company Agreement of the Operating Company, as it may be amended, supplemented or restated from time to time. “Opinion of Counsel” means a written opinion of counsel (who may be re...
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Examples of Xxxxxxxx Islands Act in a sentence

  • Except as expressly provided to the contrary in this Agreement, the rights, duties (including fiduciary duties), liabilities and obligations of the Partners and the administration, dissolution and termination of the Partnership shall be governed by the Xxxxxxxx Islands Act.

  • Limited Partners shall not vote on matters that would cause the Limited Partners to be deemed to be taking part in the management and control of the business and affairs of the Partnership so as to jeopardize the Limited Partners’ limited liability under the Xxxxxxxx Islands Act or the law of any other jurisdiction in which the Partnership is qualified to do business.

  • The Limited Partners shall have no liability under this Agreement except as expressly provided in this Agreement or the Xxxxxxxx Islands Act.

  • No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

  • The existence of the Partnership as a separate legal entity shall continue until the cancellation of the Certificate of Limited Partnership as provided in the Xxxxxxxx Islands Act.

  • The term of the Partnership commenced upon the filing of the Certificate of Limited Partnership in accordance with the Xxxxxxxx Islands Act and shall continue in existence until the dissolution of the Partnership in accordance with the provisions of Article XII.

  • Pursuant to Section 20(2) of the Xxxxxxxx Islands Act, an agreement of merger or consolidation approved in accordance with Section 20(2) of the Xxxxxxxx Islands Act may (a) effect any amendment to this Agreement or (b) effect the adoption of a new partnership agreement for a limited partnership if it is the Surviving Business Entity.

  • All Limited Partner Interests issued pursuant to, and in accordance with the requirements of, this Article V shall be fully paid and non-assessable Limited Partner Interests in the Partnership, except as such non-assessability may be affected by the Xxxxxxxx Islands Act.

  • The Board of Directors may change the name of the Partnership at any time and from time to time in compliance with the requirements of the Xxxxxxxx Islands Act and shall notify the General Partner and the Limited Partners of such change in the next regular communication to the Limited Partners.

  • To effect the admission to the Partnership of any Partner, the Board of Directors shall take all steps necessary or appropriate under the Xxxxxxxx Islands Act to amend the records of the Partnership to reflect such admission and, if necessary, to prepare as soon as practicable an amendment to this Agreement and, if required by law, the Board of Directors shall prepare and file an amendment to the Certificate of Limited Partnership.

Related to Xxxxxxxx Islands Act

  • Xxxxxxx Act means the Xxxxxxx Antitrust Act of 1890, as amended, and the rules and regulations promulgated thereunder.

  • Cayman Companies Act means the Companies Act (as revised) of the Cayman Islands.

  • Cayman Islands means the Cayman Islands, a British Overseas Territory.

  • the Companies Act means the Companies Act 1981 of Bermuda as may from time to time be amended;

  • Business Corporations Act means the Business Corporations Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;

  • OHS Act means the Occupational Health and Safety Act 2004;

  • Austraclear Regulations means the rules and regulations established by Austraclear (as amended or replaced from time to time) to govern the use of the Austraclear System.

  • Registered Clubs Act means the Registered Clubs Act 1976 and any regulation made under the Registered Clubs Act 1976. Any reference to a provision of the Registered Clubs Act includes a reference to the same or similar provision in any legislation replacing, amending or modifying the Registered Clubs Act however that provision may be amended in that legislation.

  • 1990 Act means the Companies Act 1990.

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Public Works Act means the Public Works Xxx 0000;

  • Xxxxxxx Rule means Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder.

  • Companies Act means the Companies Act, 71 of 2008;

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • WHS Act means the Work Health and Safety (National Uniform Legislation) Act 2011 (NT) and includes subordinate legislation made under that Act including regulations and approved codes of practice as well as any amendment, re-enactment or replacement of such Act ; and

  • Israeli Companies Law means the Israeli Companies Law, 5759-1999.

  • Structures Act means the Local Government: Municipal Structures Act, 1998 (Act No. 117 of 1998);

  • Securities Act (Ontario) means the Securities Act, R.S.O. 1990, c. S.5, as amended, and the regulations thereunder, and any comparable or successor laws or regulations thereto;

  • the 2002 Act means the Nationality, Immigration and Asylum Act 2002;

  • Xxxxxxxx-Xxxxx Act means the Xxxxxxxx-Xxxxx Act of 2002.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Australian Corporations Act means the Corporations Xxx 0000 (Cth) of Australia.

  • 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.

  • Commonwealth Act means the Workplace Relations Act 1996 of the Commonwealth;