Corporate General Partner definition
Examples of Corporate General Partner in a sentence
JMBRC has agreed to continue as the Corporate General Partner of the Partnership.
The Borrower Corporate General Partner has all requisite power to own its general partnership interest in the Borrower Partnership and to carry on its business as presently being conducted and as proposed to be conducted.
Except as provided in Section 17.03, no approval of any person not a party to this Agreement is necessary for the assignment by the Borrower Corporate General Partner of the Borrower General Partnership Interest in the Borrower Partnership to the Borrower LLC General Partner and the performance of the Borrower Corporate General Partnership's obligations under this Agreement.
Prior to Closing, the Transferor Partnership shall assign and transfer to the Transferor Agent all of the issued and outstanding stock of the Borrower Corporate General Partner.
Prior to Closing, the Transferor Partnership shall have assigned and transferred all of the issued and outstanding stock in the Borrower Corporate General Partner to the Transferor Agent and caused the Borrower Corporate General Partner to withdraw from the Borrower Partnership and to assign and transfer to the Borrower LLC General Partner its Borrower General Partnership Interest.