Examples of Continuing Partner in a sentence
Any such reallocated Common Units received by a Continuing Partner shall be deemed for all purposes of this Agreement to be Common Units of such Continuing Partner and subject to the same vesting requirements as the transferring Limited Partner had been prior to the date of the event causing such reallocation.
D Compliance Test is satisfied and all other conditions to Closing are satisfied or waived by the party authorized to waive such condition, then at the Closing, each Continuing Partner shall retain an interest in the Partnership in the form of Units.
For a period of not less than three years --------------------- following Closing the Continuing Partners' right to nominate a Continuing Partner to the Xxxxxx Executive Committee in Section 9.2 shall also apply to the committee established by the Xxxxxx Company board of directors to succeed to the responsibilities of the Xxxxxx Leadership Council.
Accordingly, where a Continuing Partner would have been treated more favorably under terms applicable to Xxxxxx Owners generally, or under terms applicable generally to Xxxxxx Owners subject to conditions which the Continuing Partner also fulfills, the Continuing Partner may elect to be subject to those terms in place of those otherwise applicable to such Continuing Partner.
In addition, if there are any Continuing Partner Minimum Ownership Shares with respect to any Partner, such shares shall be first, shares of Pledged Common Stock allocable to such Partner and, second, shares of Common Stock that do not constitute shares of Pledged Common Stock (not to exceed in the aggregate the number of Continuing Partner Minimum Ownership Shares).
It is acknowledged that the Xxxxxx representatives referred to in Section 9.7 will not be present during any discussions relating to the Demerger and Business Transfer Agreement, the Insurance Partners (as defined in that agreement) or any matter relating to the individual circumstances of any Continuing Partner or former partner of Bacon & Xxxxxxx.
Each Continuing Partner agrees to execute such additional documents and take such further action as may be reasonably necessary to effect the provisions of this Agreement.
Each Continuing Partner shall be responsible for all expenses of such Continuing Partner incurred in connection with the compliance by such Continuing Partner with his obligations under this Agreement, including expenses incurred by the Company in enforcing the provisions of this Agreement relating to such obligations.
The parties acknowledge that no person shall become a ------------ Continuing Partner under the Agreement except with the prior written consent of Xxxxxx.
The Continuing Partner has had the opportunity to investigate on his own the business of Xxxxxx and the management and financial affairs of Xxxxxx and has had the opportunity to review the results of Xxxxxx'x operations.