Examples of Investor Partnership in a sentence
If the General Partner chooses not to utilize such aggregate method, the General Partner may use any other reasonable depreciation convention to preserve the uniformity of the intrinsic tax characteristics of any Units of the Investor Partnership that would not have a material adverse effect on the Limited Partners or the Record Holders of any class or classes of Units of the Investor Partnership.
The General Partner and any other Persons affiliated with the General Partner may acquire Units or other partnership securities of the Investor Partnership and shall be entitled to exercise all rights of an Assignee or limited partner, as applicable, relating to such Units or partnership securities, as the case may be.
If the General Partner determines that such reporting position cannot reasonably be taken, the General Partner may adopt a depreciation convention under which all purchasers acquiring Units of the Investor Partnership in the same month would receive depreciation, based upon the same applicable rate as if they had purchased a direct interest in the Partnership's property.
The General Partner may adopt such conventions, make such allocations and make such amendments to this Agreement as provided in this Section 5.2(c) only if such conventions, allocations or amendments would not have a material adverse effect on the Partners, the holders of any class or classes of Units of the Investor Partnership issued and outstanding or the Partnership, and if such allocations are consistent with the principles of Section 704 of the Code.
No borrowing by the Partnership or the approval thereof by the General Partner shall be deemed to constitute a breach of any duty of the General Partner to the Partnership or the Limited Partner by reason of the fact that the purpose or effect of such borrowing is directly or indirectly to enable the General Partner to receive incentive distributions pursuant to the Investor Partnership Agreement.
If the Capital Contribution of the General Partner pursuant to this Section 4.1(b) is less than 1.0101% of the Net Agreed Value of the Capital Contribution of the Investor Partnership made pursuant to Section 4.1(a), as reflected on the Partnership's balance sheet for the year ending December 31, 1998, then the General Partner shall make an additional Capital Contribution to Partnership in an amount equal to the difference.
The Managing General Partner, if it is involuntarily removed by the Investor Partners, may elect to retain its interest in the Partnership as an Investor Partner in any successor Investor Partnership, assuming the Investor Partners determine to continue the Partnership and elect a successor Managing General Partner.
The HOME Investor Partnership Program (CFDA 14.239) is administered by the Commonwealth’s Department of Housing and Community Development (DHCD) to expand the supply of affordable housing in the Commonwealth.
If the Capital Contribution of the General Partner pursuant to Section 4.1(b) is greater than 1.0101% of the Net Agreed Value of the Capital Contribution of the Investor Partnership made pursuant to Section 4.1(a), as reflected on the Partnership's balance sheet for the year ending December 31, 1998, then the Partnership shall distribute the excess to the General Partner as a special distribution.
Such reimbursements shall be in addition to any reimbursement to the General Partner as a result of indemnification pursuant to Section 6.7. Notwithstanding the foregoing grant of authority, expenses for administrative services and overhead allocated pursuant to this Section 6.4(b) to the Partnership, the Investor Partnership and the General Partner, considered together, by Duke or its Affiliates (excluding the General Partner) shall not exceed $25,000 in each month commencing January 1, 1999.