Examples of Carry Agreement in a sentence
Notwithstanding any other provision of this Agreement or any Carry Agreement, each Partner hereby authorizes the Partnership to withhold and to pay over, or otherwise pay, any withholding or other taxes payable by the Partnership or any of its Affiliates (pursuant to the Code or any provision of U.S. federal, state or local or non-U.S. tax law) with respect to such Partner or as a result of such Partner’s status as a partner hereunder.
Each Partner’s Carry Percentage shall be subject to adjustment as provided in such Partner’s Carry Agreement.
Following a designation of a Partner as an Inactive Partner pursuant to Section 8.2 and any adjustments to such Inactive Partner’s Carry Percentage pursuant to such Partner’s Carry Agreement, the General Partner shall, without the consent of any Limited Partner, reallocate any reduction in the Carry Percentage of such Inactive Partner to such Limited Partners as the General Partner may determine in its sole discretion.
A Person shall be admitted as a Limited Partner at the time (a) this Agreement or a counterpart hereof, a Subscription Agreement or a Carry Agreement is executed by or on behalf of such Person and (b) such Person is listed by the General Partner as a Partner of the Partnership in the Register.
Any Carry Agreement executed by a limited partner with the Company shall continue in effect with respect to the Partnership and such Limited Partner.
Additionally, Lifetime hereby agrees to be bound by any confidentiality provisions of any Will Carry Agreement.
Each such Person shall be admitted as an Additional Partner at the time that such Person (a) executes a counterpart of this Agreement, a Subscription Agreement or a Carry Agreement and (b) is listed by the General Partner as a partner of the Partnership in the Register.
The Company will enter into an “Economic Interest Agreement” (or similar title) with Delta, on mutually acceptable terms, pursuant to which the Company will agree to pay to Delta the amount of any economic benefit that the Company actually receives that is attributable to the Company’s 5% carried working interest in any EnCana xxxxx spudded (according to EnCana’s records) after April 24, 2012 pursuant to the Carry Agreement (the “Forward Carry Xxxxx”).
Each such Person shall be admitted as an Additional Partner at the time that such Person (a) executes a counterpart of this Agreement and a Carry Agreement and (b) is listed by the General Partner as a partner of the Partnership in the Register.
Delta shall take all actions reasonably necessary to effectuate an assumption and assignment, as applicable, to the Company of the Assumed Delta Contracts (including without limitation all contract rights and property interests under the Carry Agreement as described in Section 1.1(d)(10) free of any transfer restrictions set forth in the Carry Agreement).