BHCA Partner definition

BHCA Partner means, as of the date of any determination, (i) each Limited Partner that (A) is subject to the BHCA and (B) has notified the General Partner in writing of such status at any time prior to such determination (other than a Limited Partner that is investing under Section 4(k) thereof and has delivered a written notice to the General Partner so stating prior to such determination) and (ii) any transferee of such Limited Partner but, with respect to such transferee, only to the extent that the portion of its Commitment or Capital Contribution acquired from such Limited Partner was a BHCA Interest at the time of such acquisition.
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BHCA Partner means any Limited Partner that is (or is an Affiliate of a bank holding company or other entity that is) subject to the Bank Holding Company Act or Regulation Y of the Board of Governors of the Federal Reserve System, or a foreign banking organization subject to the nonbanking restrictions of the Bank Holding Company Act, unless such Limited Partner at the time of its admission to the Partnership provides a notice in writing to the General Partner that it is not a BHCA Partner. BHCA Partners that are Affiliates of the same bank holding company shall be considered a single BHCA Partner for purposes of this Section 10.25.
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BHCA Partner shall have the meaning set forth in Section 10.24(d)(ii).
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Examples of BHCA Partner in a sentence

  • Each BHCA Partner irrevocably waives its right to vote its Non-Voting Interests on the selection of a successor general partner under Section 17-801 of the Act.

Related to BHCA Partner

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • General Partner has the meaning set forth in the Preamble.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Council Member means a member of the Council;