Former Partner definition

Former Partner means (i) with respect to a Partner that is a trust, a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.78; (ii) with respect to a Partner that is an Entity, a Partner that has ceased to be a Qualified Entity, and has become a Former Partner, pursuant to the terms of Section 1.18; (iii) a Partner that has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.7; (iv) a Partner that has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.74; and (v) a Partner that ceases to be a Participating Stockholder with respect to the Class B Shares of each Company in which the Partnership owns Class B Shares.

Former Partner means (i) a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.58; (ii) a Partner who has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.6; (iii) a Partner who has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.53; and (iv) a Partner who ceases to be a “Participating Stockholder” under Section 1.14 of the HBB Stockholders’ Agreement.” Section 1.33

Former Partner means each Person that ceases to be a Partner, whether voluntarily or otherwise, in accordance with this Agreement.

Examples of Former Partner in a sentence

• Any Partner or Former Partner that enters into a settlement agreement with respect to any Partnership item shall notify the General Partner of such settlement agreement and its terms within thirty (30) calendar days after the date of settlement.

• In addition, each Partner and Former Partner shall take reasonable measures to change the financial institution through which it receives payments of distributions from the Partnership if relief or exemption from withholding taxes can be obtained by such change.

• Whenever the General Partner selects option (ii) pursuant to the preceding sentence for repayment of a Tax Advance by a Partner or Former Partner, for all other purposes of this Agreement such Partner or Former Partner shall be treated as having received all distributions (whether before or upon winding up) unreduced by the amount of such Tax Advance and interest thereon.

More Definitions of Former Partner

Former Partner. , in relation to a taxpayer, means a person who was a member of a partnership—

Former Partner means each such Person as hereafter from time to time that ceases to be a Partner, whether voluntarily or otherwise, in accordance with this Agreement.

Former Partner. Any Person who was a Reviewed Year Partner but is not an Adjustment Year Partner.

Former Partner means (i) a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.58; (ii) a Partner who has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.6; (iii) a Partner who has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.53; and (iv) a Partner who ceases to be a "Participating Stockholder" under Section 1.12 of the NACCO Stockholders' Agreement.

Former Partner means any Person who withdraws or is removed as a partner of the Partnership.

Former Partner means that certain company with which Biosearch entered into a License and Supply Agreement dated May 8, 1998 and an amendment thereto effective as of June 1, 2001.

Former Partner means any Person that held an Interest as a partner but has ceased to be a Partner.