Excused Limited Partner definition

Excused Limited Partner has the meaning set forth in Section 6.7.3.
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Excused Limited Partner has the meaning set forth in Section 6.7.3. “FATCA” has the meaning set forth in Section 15.3.4.
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Excused Limited Partner means, with respect to any Portfolio Investment, any Limited Partner that, pursuant to Section 5.2, is excused from making a Capital Contribution or Associated Contribution, as the case may be, in respect thereof.
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Examples of Excused Limited Partner in a sentence

  • For the avoidance of doubt, no Limited Partner shall be a Defaulting Partner with respect to any Capital Contribution with respect to which it is an Excused Limited Partner pursuant to this Section 6.7 (Excused Limited Partners).

  • A Limited Partner who is an Excused Limited Partner pursuant to this Section 13.5 may be excused from all, but not less than all, of its pro rata share of the proposed Investment; provided that the General Partner may, and upon written request from the Limited Partner based on bona fide reasons, allow the Limited Partner to opt out of less than all of such proposed Investment.

  • A Limited Partner that is excused or excluded from an Investment under this Section 13.5 shall have no right to receive any allocations or distributions with respect to such Investment; provided that the operation of this Section 13.5 shall not limit the obligation of any Excused Limited Partner to contribute to the Fund the full amount of its Remaining Capital Commitment in respect of all subsequent Investments and all Fund Expenses.

  • If the reason why a Limited Partner became an Excused Limited Partner is no longer applicable because the Investment would not violate a material law or otherwise be prohibited by statute or regulation applicable to the Excused Limited Partner, then the Excused Limited Partner shall be required to fund in full the Capital Contribution that it would have otherwise been required to make and Section 13.5.3 shall no longer be applicable to the Excused Limited Partner with respect to that Investment.

  • All expenses incurred in relation to a Limited Partner becoming a Defaulting Limited Partner or an Excused Limited Partner shall, if the General Partner so determines in its sole discretion, be borne by such Limited Partner in addition to its Capital Commitment.

Related to Excused Limited Partner

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Defaulting Limited Partner has the meaning provided in Section 5.2(c) hereof.

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

  • 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.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Limited Partners means all such Persons.

  • 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.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Initial Limited Partner has the meaning set forth in the Preamble.

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

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03 hereof.

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

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • 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.

  • common-law partner of an individual means another individual who has cohabited with the individual in a conjugal relationship for a period of at least one year;