Residual Partnership Interest definition

Residual Partnership Interest means the Sponsor’s interest in the Partnership other than the Option Interest.
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Residual Partnership Interest means for each Partner the percentage set forth as such in Sections 3.01 and 3.02 hereof, as the same may be amended from time to time.
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Residual Partnership Interest means for each Partner the percentage set forth as such in Sections 3.1 and 3.2 hereof, as the same may be amended from time to time, and which may consist of a General Residual Partnership Interest, a Class A Residual Partnership Interest and/or a Class B Residual Partnership Interest.
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Examples of Residual Partnership Interest in a sentence

  • If a Put Option or a First Call Option is exercised in respect of a portion of the Residual Partnership Interest, the Residual Partnership Interest shall be reduced by the portion in respect of which a Put Option or a First Call Option, as the case may be, has been exercised, and each of the Put Option and the First Call Option shall continue to be available in respect of the Residual Partnership Interest so reduced.

  • The names and addresses of the Limited Partners, their Capital Contributions and their Residual Partnership Interest in the Partnership are as follows: ========================================================================================================= Residual Capital Partnership Class A Limited Partner Contribution Interest --------------------------------------------------------------------------------------------------------- Kumugai Caribbean, Inc.

  • We hereby exercise our option contained in Clause 2.1 of the Secondary Put and Call Agreement, being the Put Option in respect of [ ]% of the Residual Partnership Interest and hereby notify you that the Put Option Date shall be [ ] and the Residual Interest Put Option Price shall be [ ].

  • The names and addresses of each General Partner, its Capital Contribution and its "Residual Partnership Interest" in the Partnership are as follows: ========================================================================================================= Residual Capital Partnership Contribution Interest --------------------------------------------------------------------------------------------------------- Kumugai Caribbean, Inc.

  • We hereby exercise our option contained in Clause 3.1 of the Secondary Put and Call Agreement, being the First Call Option in respect of [ ]% of the Residual Partnership Interest and hereby notify you that the First Call Option Date shall be [ ] and the First Call Option Price shall be [ ].

  • The Tier 1 sources are grouped into 20 “source categories” below in Table 3.

  • The names and addresses of each General Partner and its Residual Partnership Interest in the Partnership are as follows: Entity Residual Partnership Interest ------ ----------------------------- Patriot American Hospitality, Inc.

  • Lord Xxxxxxxxx Xxxxx 00-00 Xxxxxxxxx Xx. Xxxxxx Xxxxxx XX0 0XX Attention: The Directors Dear Sirs The Ocean Caracas Limited Partnership (the “Partnership”) We refer to the secondary put and call agreement relating to the Residual Partnership Interest between ourselves and yourself on [ ] (the “Secondary Put and Call Agreement”).

  • Following all of the assignments described herein, the Residual Partnership Interests of the Partners in the Partnership will be as follows: General Partner Residual Partnership Interest --------------- ----------------------------- Conquistador Holding (SPE), Inc.

  • Holding hereby confirms its assignment to Sub, effective immediately following the assignments described in Section 1 hereof, of all of its right, title and interest in and to (i) a 15% general Residual Partnership Interest, (ii) a 35% Class A limited Residual Partnership Interest and (iii) an 26.73% Class B limited Residual Partnership Interest.


More Definitions of Residual Partnership Interest

Residual Partnership Interest means fifty percent (50%) with respect to each of the Madacy Partner and the Traffix Partner in respect of any income, gain or proceeds obtained or realized in connection with the sale of the Business or a sale of substantially all of the assets or rights of the Limited Partnership.
Sample 1

Related to Residual Partnership Interest

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • 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.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner 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.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Membership Interests has the meaning set forth in the recitals.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited 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 Common Units, Partnership Preferred Units or other Partnership Units.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • Class B Interests As set forth in the Trust Agreement.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.