Delinquent Partner is defined in Section 4.5(a).
Delinquent Partner has the meaning set forth in Section 4.5(a).
Delinquent Partner has the meaning given to such term in Section 4.05.
Examples of Delinquent Partner in a sentence
If a Partner fails to contribute any Additional Contributed Equity required pursuant to Section 3.4 (a "Delinquent Partner") by the Contribution Date, any other Partner (other than an Affiliate of the Delinquent Partner) which is not a Delinquent Partner (a "Contributing Partner") may, but shall not be required, to contribute the portion of such Additional Contributed Equity that the Delinquent Partner failed to contribute (the "Delinquent Contribution").
Riley, (Cambridge, 1994) Bks I-III, VII, X, XIV, XVII- XVIII (E)Bernard Mandeville, Fable of the Bees (1723), ed.
In the event that the Partnership makes any payment in respect of interest accrued on any Default Loan in any Allocation Year, the deduction attributable to such payment shall be specially allocated to the Delinquent Partner with respect to which such Default Loan was made.
A Paying Partner that declines to make a Funding Commitment or Lending Commitment as contemplated by this Section 2.4 shall not be deemed to be a Delinquent Partner or Defaulting Partner as a result thereof, nor shall the failure to make such a commitment constitute a Payment Default with respect to such Partner.
The other Partners may elect to contribute additional amounts equal to any amount of the Commitment not contributed by such Delinquent Partner.
More Definitions of Delinquent Partner
Delinquent Partner means a Partner who has failed to pay any installment of its Remaining Contribution when due, and such delinquency has not been cured.
Delinquent Partner. As defined in Section 3.2(c). ------------------ Designee: An Affiliate of an Offeree designated by the Offeree to -------- purchase an Interest. Disinterested Partner: A Partner or Partners who are not benefitted --------------------- by, and none of whose Partner Associates is benefitted by, the terms of the Related Affiliation Agreement in question or the actions in question which may affect a Related Affiliation Agreement or a Partner or Partner Associate. Effective Date: [INSERT THE CLOSING DATE OF THE TRANSACTIONS -------------- CONTEMPLATED BY THE FORMATION AGREEMENT].
Delinquent Partner. As defined in Section 3.2(c). ------------------ Designee: An Affiliate of an Offeree designated by the Offeree to -------- purchase an Interest.
Delinquent Partner has the meaning ascribed to it in Se:tion 4.03(a). "Dispose," "Disposing," or "Disposition" means a sale, assignment, transfer, exchange, mortgage, pledge, grant of a security interest, or other disposition or encumbrance, or the acts of the foregoing. "Excess" has the meaning ascribed to it in Section 5.02(a). "Excess Determination" has the meaning ascribed to it in Section 5.02(a). "FINGER -FS C Agreement" means the Limited Partnership Agreement between FDC Group, Ltd. and the Partnership dated as of July 6, ~000 forming FINGER-FSC, LTD., a Texas limited partnership. "FINGER-FSC Partnership" means FINGER-FSG, LTD., a rexas limited partnership formed by the Limited Partnership Agreement betweerL FDC Group, Ltd. and the Partnership dated as of July 6, 2000. "General Interest Rate" means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by the Wall Street Journal (Southwest Edition) from time to time as th'~ prime rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by applicable law. -3- T7TF-1 7~7R)S-OOO31 9 � "General Partner" means any Person executing this Agi eement as a general partner or subsequently admitted to the Partnership as a genera partner as provided in this Agreement, but does not include any Person who has c ased to be a general partner in the Partnership. "Indemnified Person" means a Person indemnified pursu~xnt to Section 6.04. "Lending Partner" has the meaning ascribed to it term in Section 4.03(a) (ii). "Limited Partner" means any Person executing this Agi eement as a limited partner or subsequently admitted to the Partnership as a limited partner as provided in this Agreement, but does not inctude any Person who has ceased to be a limited partner in the Partnership. "Liquidator" means the Person acting as the Liquidator pursuant to Section 11.02. "Losses" has the meaning ascribed to it in Section 6.04. "Managing General Partner" means ESI No. 2 Corporation. a Delaware business corporation, or any other General Partner designated as Managing General Partner as provided in this Agreement. "Partner" means any General Partner or Limited Partner. "Partnership" has the meaning ascribed to it in Section 2.01. r~Partnership Interest" means the interest of a Partner in the Partnership, includ- ing, without limitation, rights to distributions (liquidating or oti-erwise), allocations, informatio...
Delinquent Partner has the meaning assigned to such term in Section 8.1(d). "DISCRETIONARY CAPITAL EXPENDITURES" means any expenditure related to the Partnership Business that is classified under GAAP as a capital expenditure and (i) is not a Mandatory Capital Expenditure, or (ii) if classified as a Mandatory Capital Expenditure, is associated or is in conjunction with, or is the result of, a prior or current Discretionary Capital Expenditure, in which case the portion of such Mandatory Capital Expenditure that is allocable to such prior or current Discretionary Capital Expenditure shall be classified as a Discretionary Capital Expenditure. "DISPOSE, DISPOSING OR DISPOSITION" means, with respect to Partnership Interest or any portion thereof, a sale, assignment, transfer, conveyance, gift, exchange or other disposition of such asset, whether such disposition be voluntary, involuntary or by operation of law, including but not limited to the following: (a) in the case of a Partnership Interest owned by an entity, a Change of Partner Control and (b) a disposition in connection with, or in lieu of, a foreclosure of an Encumbrance; but such terms shall not include the creation of an Encumbrance.
Delinquent Partner means any Partner that: (i) has failed to make a Capital Contribution required by Section 4.1 or 4.2; (ii) has failed to make a Capital Contribution specified in a Sale Notice after delivering written notice of its election to accept the offer contained in such Sale Notice, pursuant to Section 4.9; (iii) has failed to make a loan pursuant to a Participation Rights Notice after delivering written notice of its election to accept the offer contained in such Participation Rights Notice, pursuant to Section 6.12; or (iv) is otherwise in uncured, material default of its obligations under this Agreement, including, but not limited to, those contained in Section 6.4, Section 6.9, Article X and Section 15.13.
Delinquent Partner has the meaning set forth in Section 3.4(d) of this Agreement.