Fund Partnership definition
Examples of Fund Partnership in a sentence
As soon as practicable following the determination of the IPO Price and prior to the Effective Time, all calculations relating to the Merger Consideration shall be performed in good faith by, or under the direction of, the REIT and shall be final and binding upon the holders of Fund Partnership Interests.
During the period from July 1, 2005 through the Closing Date, the Fund has distributed or will distribute, from time to time, no more or less than its good faith estimate of the Fund's Adjusted Net Operating Income for the period commencing on July 1, 2005 and ending on the Closing Date, to holders of Fund Partnership Interests in accordance with Section 5.3 of the Fund Partnership Agreement.
Subject to this limitation, the Fund may continue to make distributions in accordance with the Fund Partnership Agreement.
Notices shall be given to the parties at the following addresses: If to Developer Partner: Cedar Bay Income Fund Partnership, L.P. c/o Cedar Bay Realty Advisors ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Port Washington, New York 11050 Attention: ▇▇.
Each Executive hereby agrees to contribute, immediately upon the consummation of the transactions described in Section 2 hereof, his or her Fund Partnership Interest to the Member in exchange for the issuance of such Executive’s allocated amount of the newly issued EM Membership Interest.
Each Executive hereby accepts from the Company, the Company’s right, title and interest in and to such Executive’s Fund Partnership Interest in liquidation of such Executive’s Company Membership Interest.
The foregoing indemnity shall also extend to any Affiliate of the General Partner (including Cedar Income Fund Partnership, L.P. and Cedar Income Fund Ltd.) which may execute an environmental indemnity in favor of the holder of the Mortgage Loan such that such Affiliate shall be reimbursed by the Partnership (prior to distributions to Partners) for any amount paid on account of such environmental indemnity.
The Company hereby transfers, immediately upon the consummation of the transactions described in Section 1 hereof, to each Executive, the Company’s right, title and interest in and to such Executive’s Fund Partnership Interest in liquidation of such Executive’s Company Membership Interest.
The Member hereby agrees to accept from each Executive, his or her right, title and interest in and to such Executive’s Fund Partnership Interest, to issue to such Executive his or her applicable amount of the EM Membership Interest and to assume and perform all of the obligations under the Limited Partnership Agreement of Fund.
The foregoing sentence shall not (i) limit the Fund's right to specific performance or injunctive relief in connection with the breach by either the REIT or the Operating Partnership of its respective covenants in this Agreement or (ii) constitute a waiver of any rights or remedies of the Fund under the Fund Partnership Agreement.