Feeder Partnership definition
Examples of Feeder Partnership in a sentence
Each Feeder Partnership shall be obligated to comply with any direction by the General Partner pursuant to this Section 3.03 or Section 3.04, including any direction with respect to any Feeder Partnership Investor.
Each Indirect TPG OG Limited Partner shall automatically become a TPG OG Limited Partner (entitled to the rights and subject to the obligations of a TPG OG Limited Partner hereunder) upon receipt by such TPG OG Limited Partner of Common Units in the TPG OG Partnerships (including as a result of a redemption of units held in a TPG Feeder Partnership in exchange for Common Units).
The parties hereto agree that any such exceptions or departures contained in a Side Letter with a Person shall govern, solely with respect to such Person, notwithstanding the provisions of this Agreement, the Feeder Partnership or any Subscription Agreements.
Notwithstanding the foregoing, no Limited Partner shall be treated as a Feeder Partnership without the Consent of such Limited Partner.
The General Partner may not Transfer all or any part of its interest (directly or indirectly) in the Partnership or in this Agreement except as provided in Section 8.7(a) of the Feeder Partnership Agreements.
Except as otherwise expressly provided herein and in the Feeder Partnership Agreements, the management and operation of the Partnership shall be vested exclusively in the General Partner, which shall have the power on behalf and in the name of the Partnership to carry out any and all of the purposes of the Partnership and to perform all acts and enter into and perform all contracts and other undertakings that it may deem necessary or advisable or incidental thereto.
Partner Holdings will apply the same transfer restrictions and exceptions to the TPH Units and the Other TPG Feeder Partnership will apply the same transfer restrictions and exceptions to the Other TPG Feeder Units, and the transfer restrictions set forth in this Section 2.1(b) shall apply equally to any Limited Partner (other than an API Limited Partner) who directly owns shares of Class A Common Stock, shares of Class B Common Stock or TOG Units.
The General Partner shall not accept capital contributions in excess of except as provided in Section 8.1(a) of the Feeder Partnership Agreements.
The Partnership was formed on June 27, 2013 and shall continue its regular business activities until end of the Terms (as such term is defined in the Feeder Partnership Agreements) of both Feeder Limited Partners (the “Term”).
The Partnership shall commence dissolution upon the occurrence of a Dissolution Event (as such term is defined in the Feeder Partnership Agreements) under the Feeder Partnership Agreements.