Development General Partner definition

Development General Partner means Benchmark Equities, Inc., or any Person who is designated as a Development General Partner in the Schedule at the time of reference thereto. "Entity" means any general partnership, limited partnership, corporation, joint venture, trust, estate, business trust, cooperative, association or other legal form of organization.
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Development General Partner means Equiton Real Estate Development Fund GP Inc., a corporation incorporated under the laws of the Province of Ontario to be the general partner of the Development Partnership or any successor general partner of the Development Partnership.
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Development General Partner means Meridian Healthcare Investments, Inc., or any Person who is designated as the Development General Partner in the Schedule at the time of reference thereto. "Development Partnership Interest Acquisition Agreements" means those agreements pursuant to which the Fund will acquire, subject to raising sufficient proceeds of the Offering, Operating Partnership Interests of the Operating Partnerships that own Facility V, Facility VI and Facility VII. "Due Diligence Expense Reimbursement Fee" means the fee equal to 2% of the Gross Proceeds of the Offering allowed to the Selling Agent, which may be re-allowed to Soliciting Dealers, for advisory services, due diligence activities and the reimbursement of expenses. "Entity" means any general partnership, limited partnership, corporation, joint venture, trust, estate, business trust, cooperative, association or other legal form of organization. "Escrow Agent" means Mercantile-Safe Deposit & Trust Company, or such other escrow agent chosen by the General Partners to hold funds from Persons who have subscribed to become Investors pending the assignment of Assignee Units to them. "Existing Partnership Interest Acquisition Agreements" means those agreements pursuant to which the Fund will acquire, subject to raising sufficient proceeds of the Offering, Operating Partnership Interests relating to Facility III and Facility IV. "Facilities" mean the nursing centers described in the Prospectus which are to be acquired, developed, owned and operated by the Operating Partnerships, including all replacements thereto and all personal property which is used in connection therewith. Any one of the Facilities may herein be referred to as a "Facility". The terms "Facility I" through "Facility VII" shall be defined by reference to the use of such terms in the Prospectus. "Front-End Fees" means fees and expenses paid by any Person for any services rendered during the organization or acquisition phase of the Fund, including the Offering and Organization Expense Fee, the Due Diligence Expense Reimbursement Fee, the Selling Commissions, the Acquisition Expenses, the Acquisition Fees, mortgage placement, financing or refinancing fees and any other similar fees.
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Examples of Development General Partner in a sentence

  • Except as otherwise provided herein, decisions to be made by the General Partners shall be made by the joint agreement of the Administrative General Partner and the Development General Partner.

  • If a Default shall not have been cured within the cure period (if any) applicable thereto, then for a period of 45 days the Administrative General Partner shall have the option to purchase the Interests of the Development General Partner in the Fund at a price determined and payable in accordance with Section 6.5 hereunder, and if such Interests are purchased, it shall constitute a voluntary withdrawal of the Development General Partner.

  • Anything herein to the contrary notwithstanding, if the Development General Partner or its Affiliates shall be in Default (as defined) under an agreement with the Fund at any time during the term hereof, then all decisions to be made by the General Partners shall be made solely by the Administrative General Partner, provided that such Default shall not have been caused solely or primarily by any act or omission of the Administrative General Partner.

  • No income tax returns will be filed until the Development General Partner has had the opportunity to review such returns.

  • The funds advanced by the Development General Partner under the Cash Flow Deficit Guaranty Agreement shall not constitute a Capital Contribution of the Development General Partner or be credited to the Capital Account of the Development General Partner.

  • Net Cash Flow, if any, for each year shall be distributed and applied by the Fund in the following order of priority: (i) First, 99% to the Investors, .5% to the Development General Partner, and .5% to the Administrative General Partner, until each Investor has received an amount equal to his unpaid Preferred Return.

  • RELATIONSHIP BETWEEN THE TRUST, THE EQUITON AGENT, AND OTHER RELATED PARTIES The Equiton Agent, Equiton Partners, the General Partner, the Commercial General Partner, the Financial General Partner and the Development General Partner are all Affiliates of each other, as they are each controlled by Jason Roque and each entity is a Related Party to the Trust.

  • For each taxable year, Profit and Loss (other than Profit or Loss from a Sale) of the Partnership shall be allocated 98% to the Unitholders, 1% to the Administrative General Partner and 1% to the Development General Partner.

  • Net Cash Flow, if any, for each year shall be distributed and applied by the Partnership in the following order of priority: (i) First, 98% to the Unitholders, 1% to the Development General Partner, and 1% to the Administrative General Partner, until each Unitholder has received an amount equal to 10% of his Adjusted Capital Balance.

  • If an event of default described above shall not have been cured within the cure period applicable thereto, then (i) for a period of 45 days the Administrative General Partner shall have the option to purchase the Partnership Interests of the Development General Partner and Benchmark Communities, Inc.


More Definitions of Development General Partner

Development General Partner means Xxxx X. Xxxxxxxx, or any Person who is designated as a Development General Partner in the Schedule at the time of reference thereto.
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Development General Partner means Vintage Rancho Malibu, LLC, a California limited liability company, or its successor, determined in accordance with Section 5.8 below.
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Development General Partner means Meridian Healthcare Investments, Inc., or any Person who is designated as the Development General Partner in the Schedule at the time of reference thereto.
Sample 1

Related to Development General Partner

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Development Team means the entities and professionals assembled to develop and manage the Project, typically including the Applicant, Owner, Developer(s), Co-Developer(s) and general partner or any other related entities in which the Developer or Co-Developer has an identity of interest or a Controlling Interest.

  • Development Project means a project for the development of land within a

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Joint Development Committee or “JDC” has the meaning set forth in Section 3.10.

  • Strategic Partner means a strategic partner described in 22 USC 8601 to 8606.

  • Redevelopment entity means a municipality or an entity

  • Development District means Municipal Development District No. 4 in the City, which is described in the corresponding Development Program.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Development Area means that area to which a development plan is applicable.

  • Development Committee shall have the meaning set forth in Section 3.4.1.

  • Joint Commercialization Committee or “JCC” has the meaning set forth in Section 2.1(a).

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • General Partner has the meaning set forth in the Preamble.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Development Plan has the meaning set forth in Section 3.2.