Preferred Partner definition

Preferred Partner means a Partner who holds Preferred Units.

Preferred Partner means a Partner holding Preferred Interests of the Company.

Preferred Partner. S UNTAXED PREFERENCE AMOUNT. With respect to each Preferred Partner, on any given date, an amount (but not less than zero) equal to (a) the aggregate amount of the Preferred Partner's Annual Preference Amounts through such date, minus (b) the aggregate amount of Net Profits previously allocated to such Preferred Partner under Section 5.1.1(a).

Examples of Preferred Partner in a sentence

• Each Partner, upon becoming a Partner, consents to such termination and merger, including the exchange by each Preferred Partner of its Preferred Interests for an equivalent amount of preferred shares of the Parent having substantially similar terms and the exchange of the General Partner's Interest for the share or shares of Series S Preferred Stock of the Parent, to the extent any consent of Partners would be required therefor.

• If the General Partner fails to convene a general meeting of the Partnership as required in Section 13.02(d) of the Partnership Agreement, the Trustee shall notify the Holders of the Receipts and, if so directed by the Holders of Receipts representing Preferred Securities constituting at least 10% of the aggregated stated liquidation preference of the outstanding Preferred Partner Interests (as defined in the Partnership Agreement) shall convene such meeting.

• The amounts payable to a Preferred Partner pursuant to Section 8.1 shall be treated by such holder and the Company as "guaranteed payments" under Section 707(c) of the Code.

• The Partnership will not be required to register or cause to be registered the transfer of Preferred Partner Interests after such Preferred Partner Interests have been called for redemption.

• Registration of transfers of Preferred Partner Interests will be effected without charge by or on behalf of the Partnership, but upon payment of any tax or other governmental charges which may be imposed in relation to it.

More Definitions of Preferred Partner

Preferred Partner means entities that are neither Lead Procurer, nor members of the Buyers Group, nor third parties providing in-kind contributions to the PCP, but that have a special interest in closely following the PCP. They may be beneficiaries/linked third parties involved in the EU grant (e.g. those involved in related additional networking activities’) or they may be other entities that are not involved in the EU grant (e.g. other procurers on the market that are potential buyers for the solutions and have expressed an interest in closely following the PCP).

Preferred Partner. S ANNUAL PREFERENCE AMOUNT. With respect to each Preferred Partner, for each annual period an amount equal to (a) the average daily balance of the Preferred Partner's Unrecovered Preferred Capital Amount during that annual period, multiplied by (b) 8% (prorated for any period consisting of less than 365 days).

Preferred Partner. S PREFERRED CAPITAL AMOUNT. With respect to each Preferred Partner, on any given date, an amount (but not less than zero) equal to the aggregate Capital Contributions made by such Preferred Partner (valued by reference to the Carrying Value of such contribution as of the date on which such contribution was made), minus any Distributions to such Preferred Partner under Section 6.1.2(a).

Preferred Partner. S UNRECOVERED PREFERRED CAPITAL AMOUNT. With respect to each Preferred Partner, on any given date, an amount (but not less than zero) equal to (a) the Preferred Partner's Preferred Capital Amount, plus (b) the Preferred Partner's Aggregate Preference Amount (determined without taking into account the Preferred Partner's Annual Preference Amount for the taxable period in which such date falls).

Preferred Partner means a Limited Partner holding Preferred LP Units.

Preferred Partner arrangement means that “they will work with probation to commission services from other local third sector providers. They will also develop the

Preferred Partner means a Restaurant that is selected to be a Preferred Partner in the Contract Details. "Problem Order" occurs when a Restaurant fails to provide an Order or cancels an Order after payment has been processed, or the Products in an Order become unavailable and/or are not replaced or for any other reason or due to a Customer complaint or dispute.