Receiving Partner definition

Receiving Partner. Shall have the meaning set forth in Section 14.08 hereof.
Sample 1Sample 2
Receiving Partner shall have the meaning given to such term in Section 3.6(a) of this Agreement.
Sample 1Sample 2
Receiving Partner has the meaning set forth in Section 6.1(a)(i).
Sample 1

Examples of Receiving Partner in a sentence

  • If the Selling Partner wrongfully fails or refuses to close under the provisions in this Section 7, the Receiving Partner may xxx for damages or specific performance (together with enforcement costs).

  • Failure of the Receiving Partner to give such a Notice of acceptance to the Offering Partner within such thirty (30) day period shall be deemed to be an acceptance of the Offering Partner's offer to purchase the Receiving Partner's Interest.

  • After any such sale, or after ninety (90) days from the expiration of said fifteen (15) business day exercise period without the Receiving Partner having exercised its rights to purchase under this Paragraph 7.2, the Selling Partner's Interest shall again become subject to the foregoing right of first refusal.

  • If the Receiving Partner validly and timely delivers a ROFO Election Notice and deposits the ROFO Deposit, the closing of the purchase of such ROFO Interests (the “ROFO Closing”) shall be on a date which is not more than twelve (12) business days after the delivery of the ROFO Election Notice to the Selling Partner.

  • If the Initiating Partner elects not to purchase the Interests of the Receiving Partner or fails to give notice to the Receiving Partner in a timely manner, the Initiating Partner and the Receiving Partner shall be deemed to have elected to seek to sell the Partnership to a third party for the highest price reasonably available.

  • From the date the Buy-Out Notice is given, the Receiving Partner shall have thirty (30) days in which to notify the Offering Partner in writing of the Receiving Partner's election to either purchase the Offering Partner's Interest at the offering Partner Value, or to sell its own Partnership Interest at the Receiving Partner Value.

  • The closing shall be conducted in accordance with the provisions of Section 7.5.4. In the event that the Receiving Partner or the Initiating Partner has elected, or has been deemed to have elected, to sell the Partnership to a third party for the highest price reasonably available, the Board shall promptly take all reasonable steps necessary to cause the Partnership to be sold to a third party for the highest price reasonably available.

  • Each respective Partner shall disclose in writing to the accountants and the other Partner, to its best knowledge, all liabilities and potential liabilities of the Partnership of which that Partner has actual knowledge (the "Liability Notice"), either (i) with the Initial Notice if that Partner is the offering Partner, or (ii) within five (5) days after receipt of the Initial Notice if that Partner is the Receiving Partner, as the case may be.

  • Each Other Partner, at its option, shall have the right, but not the obligation, either to (A) purchase its Proportionate Share of such Offered Interest at the Specified Price or (B) sell the Tag-Along Interest at its pro rata share of the Specified Price to the Buyer, and shall give notice in writing to the Partnership and the Receiving Partner within thirty (30) days of the Other Partners’ receipt of such offer of its election.

  • If the Receiving Partner determines to purchase the Offering Partner's Interest, the Receiving Partner shall have up to but not more than sixty (60) days from its receipt of the Buy-Out Notice (including any escrow period) within which Receiving Partner must purchase the Interest of the Offering Partner.


More Definitions of Receiving Partner

Receiving Partner shall have the meaning assigned to such term in Section 9.5(a).
Sample 1
Receiving Partner has the meaning set forth in Section 11.8 of this Agreement.
Sample 1

Related to Receiving Partner

  • Receiving Party means a Party receiving confidential or proprietary information from the Disclosing Party.

  • Receiving Party Personnel has the meaning set forth in Section 37(d).

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

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

  • 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.

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

  • Disclosing Party means the Party disclosing Confidential Information.

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

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

  • Faculty Member means any person hired by the college or District to conduct classroom or teaching activities or who is otherwise considered by the college to be a member of faculty.

  • Discloser means the party disclosing Confidential Information.

  • Company Associate means any current or former employee, independent contractor, officer or director of the Company.

  • Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.