Defaulting Partner definition

Defaulting Partner shall have the meaning set forth in Section 9.1.
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Defaulting Partner shall have the meaning set forth in Section 4.2.
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Defaulting Partner has the meaning set forth in Section 6.10.
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Examples of Defaulting Partner in a sentence

  • If such Partner fails to make such Capital Contribution or other payment within five (5) Business Days after receipt of such notice then such Partner shall be deemed a “Defaulting Partner” (the amount in respect of which a Defaulting Partner has defaulted being a “Defaulted Amount”) and the General Partner shall immediately notify UST and SIGTARP of such failure.

  • Non-Defaulting Partner: Any Partner other than a Defaulting Partner.

  • A Defaulting Partner shall cease to have any voting or consent rights as a Limited Partner or with regard to its representative in the Advisory Committee (if applicable for such Defaulting Partner), and all acts, consents and decisions with respect to the Fund to be made by the Limited Partners or the Advisory Committee shall be calculated and made by the other Limited Partners without regard for the Commitment or (if applicable) the Advisory Committee member of such Defaulting Partner.

  • For the avoidance of doubt, no Limited Partner shall be a Defaulting Partner with respect to any Capital Contribution with respect to which it is an Excused Limited Partner pursuant to this Section 6.7 (Excused Limited Partners).

  • The General Partner shall inform the Limited Partners of the occurrence of any such Default and of any action taken by it with respect to any Defaulting Partner within [thirty (30)] days of the Defaulting Partner becoming a Defaulting Partner.


More Definitions of Defaulting Partner

Defaulting Partner. As defined in Section 10.8(b).
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Defaulting Partner has the meaning set forth in Section 3.5.
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Defaulting Partner shall have the meaning assigned to such term in Section 3.6(d).
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Defaulting Partner. As defined in Section 7.2.
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Defaulting Partner has the meaning set forth in Section 6.6.1. “Default Notice” has the meaning set forth in Section 6.6.1. “Designated Individual” has the meaning set forth in Section 15.3.3.1.
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Defaulting Partner means a Limited Partner who is deemed to have committed a default under the Limited Partnership Agreement.
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Defaulting Partner has the meaning set forth in Section 7.9(a).
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