Examples of Transferring Partner in a sentence
Any Transferring Partner must Transfer not less than the lesser of (i) five hundred (500) Partnership Units or (ii) all of the remaining Partnership Units owned by such Transferring Partner, unless, in each case, otherwise agreed to by the General Partner in its sole and absolute discretion; provided, however, that, for purposes of determining compliance with the foregoing restriction, all Partnership Units owned by Affiliates of a Limited Partner shall be considered to be owned by such Limited Partner.
The Transferring Partner and each applicable Non-Transferring Partner will promptly provide such Appraiser with all information each deems necessary or appropriate to determine such Appraised Value, and such Appraiser shall determine such Appraised Value within 30 Days after receipt of all such information.
The Partnership shall provide the personnel to perform the work and services under such Restricted Contract to the Transferring Partner, and the Partnership shall receive all revenues paid to the Transferring Partner by such customers as consideration for the provision of the Partnership's personnel.
If such Consent is so received, the Restricted Contract shall be subcontracted by the Transferring Partner to the Partnership as contemplated by Section 5.11.2 above.
In the event that a Transferring Partner is unable to secure any required Consent to assignment or subcontracting with respect to a Restricted Contract, the Parent of the Transferring Partner and the Partnership shall negotiate and enter into such agreements as are necessary so that as closely as possible the result will be to reasonably provide the equivalent economic benefit which the Partnership would have enjoyed had such Restricted Contract been assigned to the Partnership.