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Any such election by a BHC Partner may be rescinded at any time by written notice to the General Partner, provided that any such rescission shall be irrevocable.
Notwithstanding the foregoing, any BHC Partner may elect in writing upon its admission to the Onshore Partnership for this Section 4.03 not to apply to its Interest in the Onshore Partnership.
Except as provided in this Section 4.03, 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.
Each BHC Partner hereby further irrevocably waives its corresponding right to vote for a successor general partner under this Agreement and the Act with respect to any non-voting Interest, which waiver shall be binding upon such BHC Partner and any Person that succeeds to its Interest.
If at any time a BHC Partner holds an Interest in the Onshore Partnership that would otherwise represent 5% or more of the total voting Interests in the Onshore Partnership, such BHC Partner may not vote any portion of its Interest in the Onshore Partnership representing in excess of 4.99% of the Interests in the Onshore Partnership entitled to vote.

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 has the meaning given to it in Section 7.7(b)(iii).

BHC Partner means any Limited Partner being a non-US bank or affiliate thereof that is subject to the U.S. Bank Holding Company Act of 1956, as amended (the "BHCA"), and that is a qualifying foreign banking organisation pursuant to the requirements of Section 211.23(b) of Regulation K.

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. 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. As defined in Section 5.1(c).

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.