PARTNER Guarantees Sample Clauses
PARTNER Guarantees. The PARTNER guarantees that during the term of this Agreement, he will not fulfill its EPR obligations regarding packaging waste with any other entities or through other collective plans, the holder of which is not INTERZERO and will not appoint any other Authorized Representative in relation to packaging and packaging waste. In the event of a breach of the obligations referred to in this Paragraph, the PARTNER is obliged to pay INTERZERO a contractual penalty in the amount of EUR 3,000.00, which falls due within 8 days after the request for its payment.
PARTNER Guarantees. Notwithstanding anything else to the contrary in this Agreement, the General Partner shall no less than ninety (90) days prior to the end of each calendar year, beginning in 1998, cause the Accountants to prepare and provide to the Limited Partner, a study analyzing each refinancing, reduction (other than scheduled periodic amortization of principal) of debt or other event that occurred during that year that reduced the amount of any nonrecourse liabilities of the Partnership that a Limited Partner or any of its Affiliates may include in the tax basis of their Partnership Interests. Upon receipt of such study, the Limited Partner shall inform the General Partner of any action it desires to take in order to increase the "economic risk of loss" (within the meaning of Section 1.752-2 of the Regulations) that it has with respect to liabilities of the Partnership, including the guaranty of debt of the Partnership. The General Partner shall permit the Limited Partner to take the requested action unless and until the General Partner shall in good faith determine that any such action is reasonably likely to reduce the portion of the Partnership's distributions to the General Partner that represent a return of capital for Federal income tax purposes for such year or would otherwise have an adverse effect on the tax position of the General Partner.
PARTNER Guarantees. 20 4.5 NO THIRD PARTY BENEFICIARY............................................21 4.6 NO INTEREST; NO RETURN; NO ADDITIONAL REQUIRED CAPITAL CONTRIBUTION ..21 ARTICLE V CONDITIONS .........................................................22 5.1 GENERAL PARTNER CONDITIONS ...........................................22 ARTICLE VI ALLOCATIONS OF NET INCOME OR NET LOSS AND OTHER TAX AND ACCOUNTING MATTERS...................................23