Investor Partnership Agreement definition
Examples of Investor Partnership Agreement in a sentence
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.
The Partnership ------------------------------------------- Interest of a Departing Partner departing as a result of withdrawal or removal pursuant to Section 13.1 of the Investor Partnership Agreement shall be purchased by the successor to the Departing Partner.
Any such resolution or course of action in respect of any conflict of interest shall not constitute a breach of this Agreement, of the Investor Partnership Agreement, of any other agreement contemplated herein or therein or of any duties stated or implied by law or equity, if such resolution or course of action is fair and reasonable to the Partnership.
The General Partner may not transfer any portion of its Partnership Interest as the general partner of the Partnership; provided, however, that if the general partner of the Investor Partnership transfers any portion of its partnership interest as a general partner therein to any Person in accordance with the provisions of the Investor Partnership Agreement, the General Partner shall also transfer the same portion of its Partnership Interest as the general partner of the Partnership to such Person.
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In addition, upon dissolution of the Partnership pursuant to Section 13.1(g), if the Investor Partnership is reconstituted pursuant to Section 14.2 of the Investor Partnership Agreement, the reconstituted Investor Partnership may, within 180 days after such event of dissolution, as Limited Partner, elect to reconstitute the Partnership in accordance with the immediately preceding sentence.
Any such resolution or course of action in respect of any conflict of interest shall not constitute a breach of this Agreement, of the Investor Partnership Agreement, of any other agreement contemplated herein or therein, or of any duty stated or implied by law or equity, if such resolution or course of action is fair and reasonable to the Partnership.
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 Partners by reason of the fact that the purpose or effect of such borrowing is directly or indirectly to result in or increase incentive distributions to the General Partner pursuant to the Investor Partnership Agreement.
The General -------------------------------------------------- Partner may not transfer all or any part of its Partnership Interest as the General Partner; provided, that if the General Partner transfers its partnership -------- interest as general partner in the Investor Partnership to any Person (in accordance with the provisions of the Investor Partnership Agreement), the General Partner shall also transfer its Partnership Interest as the General Partner to such Person.
During the Support Period (as defined in the Investor Partnership Agreement) the General Partner shall have no duty to sell or otherwise dispose of any asset of the Partnership, other than in the ordinary course of business.