Examples of CNL Partners in a sentence
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.
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 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 October 11, 2005 and November 3, 2005, the CNL Partners acquired an aggregate 70.00% interest in the Partnership from GW for cash.
This is at a time when, overall, ODA for poverty reduction and economic development in the Global South is at best stagnating, and at worst diminishing.
The Lender acknowledges, confirms and agrees that until the Congress Senior Indebtedness is paid or otherwise satisfied in full the Lender’s sole recourse against the Borrower or any property or asset of the Borrower for payment of any CNL Partners Loan Indebtedness will be limited to Net Cash Flow and Net Capital Proceeds.
Based on 40% salary of the two new Administrative Director positions, an annual increase of $109,016.80 in expenditures and a decrease of $109,016.80 in Unrestricted General Fund balance will result in a revised total of $960,942.60 in expenditures.
The Nondefaulting Partner shall have all rights at law or in equity against the Defaulting Partner with respect to any Event of Default by the Defaulting Partner; provided, however, if the CNL Partners are Defaulting Partners because of their failure to contribute all of their respective Initial Capital Contribution to the Company, the Nondefaulting Partner’s sole and exclusive remedy shall be to exercise the Repurchase Option set forth in Section 10.4 below.
At any time after the earlier of (i) the date of acceleration of the CNL Partners Loan Indebtedness pursuant to section 10.2, and (ii) the Maturity Date, the Lender will have the right to allocate any and all payments made to the Lender hereunder in such manner, order and priority as the Lender in its absolute discretion may determine.
The 2018/19 Draft budget is a statement of commitment by Nkandla Municipality, proposing a total budget of R199.6 million, comprising R63.8 million for capital and R135.8 million operating budget.