Individual Partner definition
Examples of Individual Partner in a sentence
If any of Partner’s owners, directors, employees and, to its knowledge, third parties involved in the performance of this Agreement is such a Covered Individual, Partner affirms that it will disclose and fully describe any such relationship in writing to SAP and obtain from SAP written acknowledgement of such disclosure.
The foregoing provisions of this subparagraph (vi) shall not be construed to prohibit or restrict the manner in which each such Other Partners or its related Individual Partner exercises each such Other Partner’s or its related Individual Partner’s voting rights in respect of equity securities of the Partnership acquired in a manner that is not a violation of the terms of this Agreement.
Notwithstanding any other provision of this Agreement, the General Partner, upon written notice to an Individual Partner, may require such Individual Partner to withdraw as a partner of the Partnership at any time, for any reason.
The Individual Partner must notify the Company about errors in payment of fees and other payments in writing within 30 days from the date of the erroneous payment.
Subject to Section 4.09 of the Operating Agreement, upon the consent of the General Partner and the consent of the affected Individual Partner, the Partnership may repurchase the Units of any Individual Partner at any time.
After this period, the compensation or other payments are considered approved by the Individual Partner.
Such Other Partner agrees, and shall cause its related Individual Partner to agree, that during the Non-Solicitation Period, such Other Partner shall, and shall cause its related Individual Partner to, neither directly nor indirectly solicit business as to products or services competitive with those of the Business, from any of the Parent’s or any of its Subsidiary’s customers with whom such Other Partner or its related Individual Partner had contact within one year prior to the Closing Date.
Except as otherwise determined by the General Partner, an Individual Partner shall be deemed to have requested to Voluntarily Withdraw upon such Individual Partner becoming an Inactive Partner.
Individual Partner legal and accounting matters shall not be paid for by the Joint Venture.
Any amendment to this Agreement shall be made by the General Partner in accordance with Section 4.09 of the Operating Agreement; provided, that to the extent no Person qualifies at any time as a Qualifying PrinceRidge Individual Partner, any amendment to this Agreement that is materially adverse to the interests of any Individual Partner shall require the written consent of such Partner.