BHC Partner means any Limited Partner that is a bank holding company or a financial holding company, as defined in the BHCA or a non-bank subsidiary of such holding company and that receives its Limited Partner Interest as a distribution by SP II Master Fund or any of its Affiliates following the Exchange. For the avoidance of doubt, the term “BHC Partner” shall not include any Limited Partner that does not receive its Limited Partner Interest as a distribution by SP II Master Fund or any of its Affiliates following the Exchange, regardless of whether it is a bank holding company or a financial holding company under the BHCA.

BHC Partner has the meaning assigned to such term in Section 3.5.

BHC Partner means a Limited Partner that (a) is subject to the BHC Act or is directly or indirectly “controlled” (as that term is defined under the BHC Act) by a company that is subject to the BHC Act, and (b) so indicates in writing of such status to the General Partner on or before the closing at which such Limited Partner is admitted to the Partnership or any time thereafter, which such election shall be irrevocable.

Examples of BHC Partner in a sentence

Any such election by a BHC Partner may be rescinded at any time by written notice to the General Partner, provided that any such rescission shall be irrevocable.
Any such election made by a BHC Partner may be rescinded at any time by the provision of further written notice thereof to the General Partner, and any such rescission will be irrevocable for the entire term of the Partnership.
All costs and expenses in connection with this Section 10.3(c) shall be paid by such BHC Partner.
Such Units will be a Non-Voting Interest whether or not subsequently transferred in whole or in part to any other Person, except that each portion of such Non-Voting Interest that is transferred in one (1) or more transactions to one (1) Person or related Persons (none of whom may be an Affiliate of the transferring BHC Partner) and that represents two percent (2%) or less of the aggregate Voting Interests of the Partnership, will be a Voting Interest, effective upon such transfer.
Except as provided in this Section 11.3, any interest of a BHC Partner held as a non-voting interest shall be identical in all respects to the interests of the other Limited Partners.

More Definitions of BHC Partner

BHC Partner has the meaning assigned to such term in Section 3.5. “Board of Directors” means the Board of Directors of the General Partner.

BHC Partner means a Limited Partner that is a bank holding company, as defined in Section 2(a) of the BHCA, or a non-bank subsidiary of such bank holding company.

BHC Partner has the meaning set forth in Section 7.7.

BHC Partner. As defined in Section 5.1(c).

BHC Partner. A Limited Partner that (a) is (i) a Bank Holding Company, (ii) a Savings and Loan Holdings Company, (iii) a non-U.S. bank subject to the BHC Act pursuant to the U.S. International Banking Act of 1978, as amended, or (iv) an Affiliate of any such Bank Holding Company, Savings and Loan Holding Company, or non-U.S. bank subject to the BHC Act and (b) so indicates in its Subscription Agreement or otherwise in a writing acknowledged by the General Partner on or before the Closing at which such Limited Partner is admitted to the Partnership as a BHC Partner.

BHC Partner means, as of the date of determination, any Limited Partner that is a bank holding company as defined in 12 U.S.C. §1841(a), or a non-bank subsidiary of such a bank holding company and has notified the General Partner in writing of such status at any time prior to such determination.

BHC Partner means a Limited Partner that (a) is subject to the BHC Act or is directly or indirectly “controlled” (as that term is defined in the BHC Act) by a company that is subject to the BHC Act and (b) so indicates in its Subscription Agreement or otherwise in a writing acknowledged by the General Partner on or before the date at which such Limited Partner is admitted to the Fund as a BHC Partner.