Examples of Assigning Partner in a sentence
The undersigned agree(s) that Agent shall have no responsibility for any of the liabilities or obligations of the Assigning Partner to the undersigned or to the Partnership.
REFUSAL (a) If one Partner (hereinafter the "Assigning Partner") receives a bona fide offer from a third party to purchase the Assigning Partner's interest in the Partnership at a specified price and under specified terms and conditions that the Assigning Partner is willing to accept, then the Assigning Partner shall promptly give notice to the other Partner of the offer.
The undersigned consent(s) to such assignment, pledge and grant of security and agree(s) that upon the written request of Agent the undersigned will pay or cause to be paid to Agent all monies, as more specifically described in the Security Agreement, due the Assigning Partner arising out of the interest of Assigning Partner in the Partnership.
The undersigned further warrant(s) and represent(s) to Agent that the Partnership Agreement authorizes the assignment and security interest made by Assigning Partner to Agent.
Such notice shall be sent by the Assigning Partner for each and every BONA FIDE offer received, including any changes in the price or terms and conditions of previously received bona fide offers.
If the Partners are unable to arrive at such valuation within thirty (30) days after notice of the other Partner's exercise of its right of first refusal, then the Assigning Partner may proceed to sell to the third party without further obligation to the other partner under this Section.
By: Name: Title GHP2, LLC By: Name: Title Gxxxxxxxxx LLC By: Name: Title: Hxxxxxxx LLC By: Name: Title GHCO Partners LLC By: Name: Title GH Traders LLC By: Name: Title: SCHEDULE A to Assignment and Assumption PARTNERSHIP INTERESTS Interests Acquired by Interests Acquired Assigning Partner Interests Assigned GHP1, Inc.
The undersigned warrant(s) and represent(s) to Agent that the Partnership Agreement continues to be in full force and effect and that, to the knowledge of the undersigned, no event has occurred or condition exists which could result in a defense, offset or counterclaim limiting the Partnership’s obligations to distribute any monies due or to become due to the Assigning Partner.
Without limiting the generality of the foregoing, the successor(s)-in-interest of the Assigning Partner, other than a successor-in-interest who becomes a Substituted Limited Partner pursuant to Section 9.2, shall have only the rights to the allocations provided in Article IV and the distributions provided in Article V.
Assigning Partner hereby incorporates all of its warranties and representations set forth in the Contribution Agreement with respect to the Existing Interest as if set out herein in full, which shall survive the execution and delivery of this Agreement and which shall be without limitation on any of the terms, provisions, rights or remedies applicable to the Contribution Agreement.