Exiting Partner definition

Exiting Partner has the meaning specified in Section 5.3 hereof.
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Exiting Partner means any holder of Units that elects, or is deemed to have elected, to receive cash in exchange for its Units, in connection with the Partnership Merger, by delivering to FWOP written notice of such election no later than twenty (20) Business Days from the date that the Consent Solicitation Materials (as defined herein) are sent to such holder, and the term "Continuing Partner" means any holder of Units that elects to receive MergerLP Preferred Units in exchange for its Units, in connection with the Partnership Merger, by delivering to FWOP (y) written notice of such election and (z) an investor questionnaire that confirms certain matters with respect to such holder, including its status as an "accredited investor" under Rule 501 promulgated under the Securities Act of 1933, as amended (the "Securities Act") no later than twenty (20) Business Days from the date that the Consent Solicitation Materials are sent to such holder. Each holder that fails to deliver a timely election notice and/or an investor questionnaire that confirms the matters set forth above within such twenty (20) Business Day period shall be deemed to be an Exiting Partner.
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Examples of Exiting Partner in a sentence

  • In such a scenario, one may adopt a view that such amounts are leviable to GST at the rate of 18%.— There also exists an alternative school of thought that such amounts received by the Exiting Partner may not be leviable to GST, basis the following contentions:• In the case of Amrish Rameshchandra Shah vs.

  • At the closing described in this Section 10.6, upon the payment of the purchase price to the Exiting Partner or the estate of the Exiting Partner, the Exiting Partner or the legal representatives thereof shall assign and deliver the Units of the Exiting Partner to the Partnership or the Purchasing Partners, as the case may be.

  • All pumps may be equipped with accessories to improve their performance and in order to improve safety of plant.

  • Concurrently herewith, the Partnership has caused the balance of the Redemption Price payable to each Exiting Partner to be paid by wire transfer of funds to an account designated by such Exiting Partner to the Partnership in writing.

  • If the two Qualified Appraisers disagree on the fair market value of the Units, they shall appoint a third Qualified Appraiser mutually acceptable to them, and the written opinion of the third Qualified Appraiser, whose fees and expenses shall be divided equally between the Exiting Partner and the purchaser, shall be conclusive and binding as to the fair market value of the Units to be purchased.

  • Such repayment of a liability is should not attract GST.o Amounts paid towards Goodwill/ other obligations of the Retirement Deed:— Here, the issue is about applicability of GST on the amounts paid to the Exiting partner/s over and above the balance in their capital account.— The Exiting Partner can adopt a position that such amount is compensation towards agreeing to refrain from doing an act or to do an act, and for complying with the contractual clauses of the Retirement Deed.

  • Accordingly, unless the documentary evidence showcase that the amounts paid to the Exiting Partner pertains to an independent service supplied to the Firm, it may be contended that GST cannot be levied on such receipts.

  • In addition to this contract and the payment and tax forms, award recipients must also submit the Employer Verification Form by 5pm Eastern on Friday, 4/22/22.

  • Further, COL expects the Exiting Partner Institution to ensure students already enroled in the CEMBA/CEMPA Programme to be appropriately supported, so that students achieve their objectives based on their original intent when they were first admitted to the Programme.

  • Nominees shall abide by all other regulations established by the Chief Electoral Officer.

Related to Exiting Partner

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Non-Managing Member means any Member other than the Managing Member.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Founding Member means any individual who is either:

  • Selling Partner has the meaning set forth in Section 8.5.

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Masterworks Investor refers to an affiliate of Masterworks that has raised capital from unaffiliated third party investors to invest the proceeds in a diversified collection of artwork and which acquires Class A Ordinary Shares as part of such investment strategy.

  • Exchanging Partner has the meaning set forth in Section 2.1 hereof.

  • Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.