Dissociated partner definition

Dissociated partner means a partner with respect to whom an event specified in ORS 67.220 has occurred.
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Dissociated partner means a partner with respect to whom an event specified in ORS
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Dissociated partner means any Partner who is removed from the Partnership through a voluntary or involuntary withdrawal as provided in this Agreement.
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Examples of Dissociated partner in a sentence

  • If any of the remaining Partners elect to purchase the interest of the Dissociated Partner, those Partners will serve written notice of such election upon the Dissociated Partner within days after receipt of the Dissociated Partners notice of intention to withdraw, including the purchase price and method and schedule of payment for the Dissociated Partner's interest.

  • A Dissociated Partner will only exercise the right to withdraw in good faith and will act to minimize any present or future harm done to the remaining Partners as a result of the withdrawal.

  • Dissociated Partner will only exercise the right to withdraw in good faith and will act to minimize any present or future harm done to the Partnership as a result of the withdrawal.

  • The remaining Partners retain the right to seek damages from a Dissociated Partner where the dissociation resulted from a malicious or criminal act by the Dissociated Partner or where the Dissociated Partner had breached their fiduciary duty to the Partnership or was in breach of this Agreement or had acted in a way that could reasonably be foreseen to bring harm or damage to the Partnership or to the reputation of the Partnership.

  • Dissociated Partner will only sound the right flank withdraw without good sort and will operate to minimize any present in future if done working the remaining Partners as a result of the withdrawal.

  • The closing (Closing) of the purchase of the Interest of the Dissociated Partner shall occur as soon as is practicable after the effective date of the Dissociated Partner's dissociation.

  • Dissociated Partner will only exercise the right to withdraw in good faith and will act to minimize any present or future harm done to the remaining Partners as a result of the withdrawal.

  • If the Dissociated Partner has guaranteed any Partnership obligations, the Partnership shall use reasonable efforts to obtain a release of the Dissociated Partner's guarantee of such obligations from the applicable creditors.

  • The Partnership shall indemnify, defend, and hold a Dissociated Partner whose Interest is being purchased harmless against all Partnership liabilities, whether incurred before or after the dissociation, except liabilities incurred by an act or omission of the Dissociated Partner that shall have been unauthorized or the result of grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.

  • Upon dissociation of a Dissociated Partner, the Partnership shall continue without dissolution, unless a Dissolution Event shall have occurred and the Partnership is not continued as provided in §15.02.


More Definitions of Dissociated partner

Dissociated partner means any Partner who is removed from the Partnership through a voluntary or involuntary withdrawal as provided in this Agreement. "Expulsion of a Partner" can occur on application by the Partnership or another Partner, where it has been determined that the Partner has engaged in wrongful conduct that adversely and materially affected the Partnership's business; has willfully or persistently committed a material breach of this Agreement or of a duty owed to the Partnership or to the other Partners; or has engaged in conduct relating to the Partnership's business that makes it not reasonably practicable to carry on the business with the Partner.
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Dissociated partner means any Partner who is removed from the Partnership through a voluntary or involuntary withdrawal as provided in this Agreement. d. “Expulsion of a Partner” can occur on application by the Partnership or another Partner, where it has been determined that the Partner: i. has engaged in wrongful conduct that adversely and materially affected the Partnership’s business; ii. has wilfully or persistently committed a material breach of this Agreement or of a duty owed to the Partnership or to the other Partners; or iii. has engaged in conduct relating to the Partnership’s business that makes it not reasonably practicable to carry on the business with the Partner. e. “Initial Capital Contribution” means Capital Contributions made by any Partner to acquire an interest in the Partnership. f. “Operation of Law” means rights or duties that are cast upon a party by the law, without any act or agreement on the part of the individual including, but not limited to, an assignment for the benefit of creditors, a divorce, or a bankruptcy. Miscellaneous 62. Time is of the essence in this Agreement. 63. This Agreement may be executed in counterpart. 64.
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Dissociated partner means a Partner for whom an event of dissociation set forth in §14.01 hereof has occurred.
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Dissociated partner means a partner with re- spect to whom an event specified in ORS 67.220 has oc- curred.
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Related to Dissociated partner

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Inactive member means a member of the pension program or the individual account pro-

  • Associated Party means, if used to indicate a relationship with a person or company

  • Active member means a member of the pension program or the individual account program

  • Stockholder Associated Person of any stockholder means (A) any person controlling, directly or indirectly, or acting in concert with, such stockholder, (B) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder or (C) any person directly or indirectly controlling, controlled by or under common control with such Stockholder Associated Person.

  • Associated Person means with respect to any subject stockholder or other person (including any proposed nominee) (1) any person directly or indirectly controlling, controlled by or under common control with such stockholder or other person, (2) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder or other person, (3) any associate of such stockholder or other person, and (4) any person directly or indirectly controlling, controlled by or under common control or Acting in Concert with any such Associated Person;

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

  • Shareholder Associated Person of any Shareholder means (i) any person controlling, directly or indirectly, or acting in concert with, such Shareholder, (ii) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such Shareholder, and (iii) any person controlling, controlled by or under common control with such Shareholder Associated Person.

  • Public member means an individual who is not, and never

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Unit Member refers to any employee who is included in the bargaining unit as defined in Article II.

  • Co-opted Member means a person who is not a member of the authority but who-

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Proposed Nominee Associated Person of any Proposed Nominee shall mean (A) any Person acting in concert with such Proposed Nominee, (B) any direct or indirect beneficial owner of Shares owned of record or beneficially by such Proposed Nominee or Person acting in concert with the Proposed Nominee and (C) any Person controlling, controlled by or under common control with such Proposed Nominee or a Proposed Nominee Associated Person.