Investor GP Share definition

Investor GP Share means a Share of Membership Interest whereby the holder is personally obligated for any and all of the debts, obligations, and Liabilities of the Fund: (i) that accrue before such Share is converted into a Limited Liability Share pursuant to this Agreement; and (ii) to the extent that such debts, obligations, and Liabilities are not satisfied by the Fund Assets.
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Investor GP Share means a Share of Membership Interest whereby the holder is: (i) personally obligated for any and all of the debts, obligations, and Liabilities of the Fund that accrue before such holder converts such Investor GP Share into a Limited Liability Share to the extent that such debts, obligations, and Liabilities are not satisfied by the Fund Assets; and (ii) permitted to convert such Membership Interest into a Limited Liability Share at any time at the sole discretion of the holder; provided, however, that each Investor GP Share within a Series shall be deemed converted to a Limited Liability Share no later than the date preceding the date that the Fund issues a new Series.
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Examples of Investor GP Share in a sentence

  • Each Share may, at the discretion of each Investor, be either a Limited Liability Share or an Investor GP Share.

  • The specific content of these guidelines involves future resolution of policy questions (e.g., first-come, first-served vs.

  • Each Investor GP Shareholder shall be subject to personal unlimited liability for the debts, obligations and Liabilities of the Fund (to the extent that such debts, obligations and Liabilities are not satisfied out of Fund Assets) that accrue before such Investor GP Share is converted into a Limited Liability Share.

  • The Detailed Project Reports (DPR) for individual schemes to each town was to be submitted separately based on which expenditure sanction was to be accorded by NRCD.

  • Except with respect to the Early Investment Incentive and Advance Distribution, each Share, whether a Limited Liability Share or an Investor GP Share, shall have identical rights to allocations and distributions (including allocations and distributions upon liquidation, dissolution or other winding up of the Fund).

  • Each Share (or fraction thereof) may, at the discretion of each Investor, be either a Limited Liability Share or an Investor GP Share.

  • However, a holder of an Investor GP Share will be liable for the debts and obligations of the Fund, jointly and severally, with other holders of Investor GP Shares and the Manager.

  • Tax Effects Associated with an Investor GP Share and a Limited Liability Share The Fund’s oil and natural gas exploration activities will generate deductions including, without limitation, those associated with intangible drilling and development costs (“IDC”).

  • As a result, a holder of an Investor GP Share is permitted to deduct the IDC currently against ordinary income.

  • The Seller shall not knowingly take or cause to be taken, or knowingly fail to take or cause to be taken, any action that would cause the conditions to the obligations of the Seller or the Purchaser to consummate the transactions contemplated hereby to not be satisfied or fulfilled at or prior to the Closing.

Related to Investor GP Share

  • Investor Group means the Sponsor and its affiliates, successors and assigns.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Oaktree means Oaktree Capital Management, LLC and its Affiliates, including any partnerships, separate accounts or other entities managed by Oaktree.

  • Class B Units means the Class B Units of the Company.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Stockholder Group means the Stockholder and each Person (other than any member of the Company Group) that is an Affiliate of the Stockholder.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • LGP means Xxxxxxx Xxxxx & Partners, L.P.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Principal Stockholders CERTAIN TRANSACTIONS," "DESCRIPTION OF SECURITIES," and "SHARES ELIGIBLE FOR FUTURE SALE" have been reviewed by such counsel, and insofar as they refer to statements of law, descriptions of statutes, licenses, rules or regulations or legal conclusions, are correct in all material respects;

  • Membership Unit means an outstanding common membership unit of the LLC.