Examples of CNL Partners in a sentence
Unless otherwise provided herein, any distributions or allocations that are made to the CNL Partners shall be made between the CNL Partners in the same ratio that the Percentage Interest of each CNL Partner bears to the Percentage Interests of all CNL Partners.
The General Partner and CNL LP are collectively referred to as the CNL Partners and are wholly owned subsidiaries of CNL Lifestyle Properties, Inc., formerly known as CNL Income Properties, Inc.
On October 11, 2005 and November 3, 2005, the CNL Partners acquired an aggregate 70.00% interest in the Partnership from GW for cash.
The structure of the Partnership is designed to allow the parent of the CNL Partners to continue to qualify as a real estate investment trust, which is generally not subject to federal income taxes.
On the other hand, operational models ([21], [30], [31]) depict the behaviour of actual hardware components, abstracting them through data structures, such as queues.
The General Partner and CNL LP are collectively referred to as the CNL Partners.
Cxxx XX shall exercise the Repurchase Option by giving written notice of such exercise to the CNL Partners prior to the expiration of the Repurchase Option Period.
Each of CNL Partners and CNL Resort is a partnership for purposes of federal income taxation and for purposes of the tax laws of any state or locality in which it is subject to taxation based on its income.
If GW LP breaches the terms of this Section 8.10 and such breach is not cured within five (5) Business Days after notice thereof is provided by the CNL Partners to GW LP, then GW LP will no longer have any rights under this Section 8.10 with respect to the subject purchase and sale transaction.
As credit support for the Obligations, on or before the Closing Date, (i) CNL Partners shall execute and deliver to the Administrative Agent a Pledge Agreement pursuant to which it shall pledge to the Administrative Agent, all of its direct ownership interests in CNL Resort and CNL Resort GP; and (ii) CNL Hospitality GP Corp.