Partnership Event of Default definition

Partnership Event of Default has the meaning attributed to that term in section 9.5.

Partnership Event of Default shall have the meaning ascribed to “Event of Default” in the Partnership Agreement. “Partnership Independent Valuator” shall have the meaning ascribed to “Independent Valuator” in the Partnership Agreement. 139

Partnership Event of Default means an Event of Default as defined in the Indenture. "Partnership Investment Company Act Event" means that the General Partner shall have received an Investment Company Act Opinion that as a result of the occurrence of a Change in 1940 Act Law, there is more than an insubstantial risk that the Partnership is or will be considered an Investment Company which is required to be registered under the 1940 Act, which Change in 1940 Act Law becomes effective on or after the first date of issuance of the Partnership Preferred Securities.

Examples of Partnership Event of Default in a sentence

• Alternatively, in the event of the occurrence of such a Partnership Event of Default, the PTOs, at their discretion, may replace the Partnership and/or the General Partner with a successor First Nations-controlled entity(ies) which will become a party to and compliant with this Agreement in place and stead of the Partnership and/or the General Partner.

• In the event of a Partnership Event of Default relating to subsections 9.5(d), (e), (f) or (g), the PTOs will have the right to appoint a Qualified Monitor or Receiver to manage the business and affairs of the Partnership as an interim measure to continue distributions until the Event of Default is cured by bringing the Partnership or the General Partner, as the case may be, into compliance with this Agreement on a go forward basis.

More Definitions of Partnership Event of Default

Partnership Event of Default has the meaning set forth in Section 6.1.

Partnership Event of Default shall have the meaning given in Section 12.2.