Examples of Development General Partner in a sentence
Except as otherwise provided herein, decisions to be made by the General Partners shall be made by the joint agreement of the Administrative General Partner and the Development General Partner.
If an event of default described above shall not have been cured within the cure period applicable thereto, then (i) for a period of 45 days the Administrative General Partner shall have the option to purchase the Partnership Interests of the Development General Partner and Benchmark Communities, Inc.
Net Cash Flow, if any, for each year shall be distributed and applied by the Fund in the following order of priority: (i) First, 99% to the Investors, .5% to the Development General Partner, and .5% to the Administrative General Partner, until each Investor has received an amount equal to his unpaid Preferred Return.
Xxxxxxxx in his capacity as a Class B Limited Partner, 4% to Realty Associates 1986 Limited Partnership, a Class B Limited Partner, 1 % to the Development General Partner and 1 % to the Administrative General Partner.
In addition a trading company will be established to monetise and commercialise the Trust model enabling the opportunity to maximise profit potential in areas such as catering, retail, venue hire and events management – potential income/profit that the Council is currently losing to private sector operators.
Certain of the operating partnerships also purchase drugs and medical supplies and other services from affiliates of the Development General Partner.
Xxxxxx shall be in default under any of (a) the Cash Flow Deficit Guaranty Agreement or (b) an0 Guaranty of Timely and Lien-Free Completion and such default shall not have been cured within any applicable cure period; or (iv) the Development General Partner or any of its Affiliates shall be in material default under any other agreement between or among the Development General Partner and/or any such Affiliate and the Partnership, and such default shall not have been cured within any applicable cure period.
The City will continue to operate the Ski program at Como Golf along with the outside cross-country trail grooming at Xxxxxx golf course.
Flournoy Development General Partner Brown-Equity Income Properties, Inc.
Net Cash Flow, if any, shall be distributed and applied by the Partnership as follows: 98% to the Class A Limited Partners, in accordance with their respective Class A Limited Partner Percentages, 1 % to the Development General Partner and 1 % to the Administrative General Partner.