Examples of Group Partnership Agreements in a sentence
The provisions of Section 7.05 of the Group Partnership Agreements shall apply, mutatis mutandis, to any Common Units issued upon Exchange of Group Partnership Units.
The Corporation shall not increase or permit any increase to the Designated Percentage (as such term is defined in the Group Partnership Agreements) to above 40% without the consent of a majority of the Independent Directors; provided, that any consent of the independent directors of the Former Managing Partner given prior to the Effective Time shall continue to be effective as the consent of a majority of the Independent Directors for purposes of this Section 10.01.
The provisions of Section 7.05 of the Group Partnership Agreements shall apply, mutatis mutandis, to any shares of Class A Common Stock issued upon Exchange of Group Partnership Units.
To the extent Group Partnership Units are effectively transferred in accordance with the terms of the Group Partnership Agreements, the transferee of such Group Partnership Units shall be entitled to receive the benefits of this Agreement and shall be bound by the terms and provisions of this Agreement upon becoming bound hereby pursuant to Section 3.1(c).
The provisions of Section 7.06 of the Group Partnership Agreements shall apply, mutatis mutandis, to any Common Units issued upon Exchange of Group Partnership Units; and the provisions of Section 7.04 of the Group Partnership Agreements shall permit Transfers of Common Units issued upon Exchange of Group Partnership Units to the same extent as Exchange Transactions (as defined in the Group Partnership Agreements) with respect to Group Partnership Units may be permitted under such provisions.
Prior to the closing of the offering, the Ares Operating Group Partnership Agreement Amendments shall have been executed by the parties thereto and the Amended Ares Operating Group Partnership Agreements shall be in full force and effect.
An Och-Ziff Limited Partner may exercise the right to exchange Och-Ziff Operating Group Units on any applicable Post-Distribution Holiday Exchange Date if and to the extent such Och-Ziff Operating Group Units have become Exchangeable Group Units pursuant to the terms of the Och-Ziff Operating Group Partnership Agreements.
Notwithstanding the foregoing, if the Exchange Committee permits any Exchange in connection with a Tag-Along Sale or Drag-Along Sale (as such terms are defined in the Och-Ziff Operating Group Partnership Agreements), the foregoing Vested Och-Ziff Operating Group A Units shall include any Och-Ziff Operating Group Units representing one unvested class A common unit in each of the Och-Ziff Operating Group Partnerships.
In each case, the provisions of Sections 7.04 and 7.06 of the Group Partnership Agreements shall apply in the aggregate to Group Partnership Units and Common Units received in Exchange for Group Partnership Units held by KKR Holdings or a KKR Holdings Affiliated Person or Limited Partner (as defined in the Issuer Partnership Agreement) of the Issuer.