Managing entity means the managing agent or, if there is no managing agent, the time-share
General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.
JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.
Partnership Subsidiary means (i) any entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Partnership, or (ii) any partnership or limited liability company of which 50% or more of the capital and profits interest is owned, directly or indirectly, by the Partnership or by one or more Partnership Subsidiaries or by the Partnership and one or more Partnership Subsidiaries.
General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.