Examples of Cedar GP in a sentence
Subject to the provisions of this Article 6, Cedar GP will have full power and authority to execute and deliver in the name of and on behalf of the Partnership such documents or instruments as Cedar XX xxxxx appropriate for the conduct of the Partnership's business in accordance with this Agreement.
As used in this Agreement, the term “Partner” (whether one or more) shall mean Cedar GP, Cedar LP and any other persons or entities admitted as a partner of the Partnership in accordance with this Agreement and the Delaware Act (so long as they are partners of the Partnership), each in their capacity as a partner of the Partnership.
Notwithstanding the foregoing, in the event there occurs two (2) defaults in the payment of Permit Fees or other payment under this Permit, thereafter Permittee shall not be entitled to, and City shall have no obligation to give, notice of any further defaults in the payment of Permit Fees or other payment.
If available cash and available working capital are insufficient for the operation of the Partnership, Cedar GP shall have the right to request Additional Capital Contributions from the Common Partners, and the Common Partners agree that any such Additional Capital Contributions that shall be required by the Company shall be made by the Common Partners in proportion to their respective Common Percentage Interests.
The funds of the Partnership (other than those deposited in non-interest bearing checking accounts to pay current expenses of the Partnership) shall be invested or deposited in interest bearing accounts in such banks as Cedar GP shall determine, which investments and accounts shall be in the name of the Partnership, and withdrawals from such accounts shall only be made by such persons as Cedar GP may designate.
In the event of a material default under a Related Party Transaction between the Company and Cedar or any Affiliate or permitted assignee thereof, if the General Partner shall not be using commercially reasonable efforts to cause such default to be remedied, HHUS shall have the right, upon not less than ten (10) Business Days notice to Cedar GP, to enforce the terms of such Related Party Transaction on behalf of the Company.
In performing its obligations under this Section 6.1, Cedar GP shall not be required at any time to expend funds other than those of the Partnership.
In large facilities, and in multi-building facilities, isolation valves and balancing valves are recommended to facilitate maintenance.
Cedar GP shall be required to devote to the conduct of the operations of the Partnership only such time and attention as shall be necessary to accomplish the purposes, and to conduct properly the operations, of the Partnership.
The Percentage Interests of Cedar GP as a general partner in the Company shall be one percent (1%), the Percentage Interest of Cedar LP as a limited partner in the Company shall be nineteen percent (19%) and the Percentage Interest of HHUS as a limited partner in the Company shall be eighty percent (80%).