Electing Partner definition

Electing Partner has the meaning set forth in Section 8.01(f).
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Electing Partner shall have the meaning ascribed to such term in Subsection 3.1(d).
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Electing Partner shall have the meaning given to such term in Section 2.08(c) of the Partnership Agreement.
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Examples of Electing Partner in a sentence

  • In the event that a sale of the Electing Partner’s share of the in-kind distribution cannot be achieved, the obligation of the General Partner to make such distribution shall be extinguished by establishing an escrow account (with an escrow agent selected by the General Partner) for the benefit of such Electing Partner into which the Electing Partner’s share of the in-kind distribution shall be deposited.

  • Such Electing Partner shall deliver to the General Partner a notice to such effect within two (2) Business Days after the Limited Partner receives the In-Kind Distribution Notice from the General Partner.

  • Notwithstanding Section 3.1, any Net Profits or Net Losses or any item thereof required to be recognized upon the disposition of such in-kind distribution shall be allocated to the Electing Partner for whose benefit and on whose behalf such in-kind distribution was sold.

  • In any such case, the General Partner will use commercially reasonable efforts to cause such in-kind distribution asset to be sold to a third party on behalf of such Electing Partner (and at such Electing Partner’s expense) and to distribute the net cash proceeds thereof to such Electing Partner.

  • The escrow account shall be liquidated at such time as the sale of such in-kind distribution can be accomplished or as the Electing Partner may elect or direct the escrow agent to liquidate such escrow.

  • Each Electing Partner shall indemnify and hold harmless the Fund and each of the GP Persons for any and all costs, expenses and liabilities relating to the General Partner’s and Fund’s obligations under this Section 4.2.4.

  • Any expenses incurred by the Fund or the GP Persons in connection with the disposition or escrow of in-kind distribution pursuant to this Section 4.2.4 shall be paid by the Electing Partner(s) to the Fund and/or GP Persons, as applicable, and if not so paid may be withheld from the sales or other proceeds of such in-kind distribution before any proceeds shall be distributed to the Electing Partner.

  • In any Exchange for shares of BGC Partners Common Stock or cash, BGC Partners shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the BGC Partners Common Stock upon such Exchange; provided that the Electing Partner shall pay any such tax that is due because such Electing Partner requests the shares of BGC Partners Common Stock to be issued in a name other than the holder’s name or cash to be paid to a Person other than the holder.

  • Newmark may refuse to deliver the certificate representing Newmark Common Stock being transferred to a Person other than the Electing Partner until Newmark receives a sum sufficient to pay any such tax that will be due because the shares or cash are to be transferred to a Person other than the Electing Partner.

  • BGC Partners may refuse to deliver the certificate representing BGC Partners Common Stock being transferred to a Person other than the Electing Partner until BGC Partners receives a sum sufficient to pay any such tax that will be due because the shares or cash are to be transferred to a Person other than the Electing Partner.


More Definitions of Electing Partner

Electing Partner shall have the meaning set forth in Section 14.4.4.
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Electing Partner shall have the meaning ascribed to such term in Subsection 3.1(d). “Evaluation Material” shall have the meaning ascribed to such term in Subsection 6.4(i). “Event of Withdrawal” shall have the meaning ascribed to such term in Subsection 11.1(b).
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Electing Partner has the meaning set forth in Section 13.10A.
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Electing Partner shall have the meaning attributed to it in Section 14.2.
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Electing Partner shall have the meaning set forth in Section 8.2.1 hereof.
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Electing Partner has the meaning provided in Section 12.4(b).
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Related to Electing Partner

  • Dating partner means any person involved in an intimate association with another individual that is primarily characterized by the expectation of affectionate involvement, whether casual, serious, or long-term.

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

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

  • Departing 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 11.2.

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Selling Partner has the meaning set forth in Section 8.5.

  • Consenting working interest owner means any working interest owner who enters into an agreement with SWN pertaining to the operation of the Posey B Unit.

  • Exchanging Partner has the meaning set forth in Section 2.1 hereof.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Non-Managing Member means any Member other than the Managing Member (except to the extent the Managing Member holds Non-Managing Member Units).

  • 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.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Trading Partner means an entity that has registered with the Commission to exchange data through Electronic Data Interchange.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Electing Holder means any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(a)(i) or 3(a)(ii) hereof.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

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

  • elected member means a member of the authority board who:

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Alliance Partner means "Flatworld Trading Pvt Ltd ", who has entered into an alliance agreement with Axis Bank for purpose of providing the Offer.

  • Designating Party means the Party or non-party that designates Documents, Testimony, or Information as Confidential Material.

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

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

  • 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.

  • 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.