JMB Limited Partner definition

JMB Limited Partner shall have the meaning set forth in the Preamble to this Agreement.
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Examples of JMB Limited Partner in a sentence

  • The Partnership hereby agrees that (i) the LLC Net Assets shall be deemed to be the Capital Contributions of the JMB Limited Partner, and (ii) the LLC Net Assets shall have a gross fair market value of $100,000.

  • Upon the consummation of the Merger, the Partnership agreed that the LLC Net Assets were deemed to be the Capital Contributions of the JMB Limited Partner, and (ii) the LLC Net Assets had a gross fair market value of $100,000.

  • The General Partner shall, upon the written request of the JMB Limited Partner, cause the Partnership to exercise its Put Right (as such term is defined in the Lower Tier Partnership Agreement) to require the Lower Tier General Partner to purchase the Lower Tier Partnership Interest pursuant to Section 12.2C of the Lower Tier Partnership Agreement.

  • The General Partner shall promptly deliver to the JMB Limited Partner copies of all reports and information received from the Lower Tier Partnership.

  • Notwithstanding the foregoing, the JMB Limited Partner shall execute such documents as the General Partner shall reasonably request in connection with such transaction.

  • The General Partner shall sign and file tax returns prepared by the Partnership's accountant in consultation with the JMB Limited Partner.

  • The Put Right shall be exercised by the Limited Partner upon 15 days' prior written notice (the "Put Right Notice") to the General Partner and shall be consummated, without any further action on the part of the JMB Limited Partner, within 15 days following the delivery of the Put Right Notice.

  • The General Partner shall, upon the written request of the JMB Limited Partner, promptly cause the Partnership to exercise its Put Right (as such term is defined in the Property Owning Partnership Agreement) to require the Property Owning General Partner and Metropolis, jointly and severally, to purchase the Property Owning Partnership Interest pursuant to Section 12.2C of the Property Owning Partnership Agreement.

  • The Partnership's tax returns shall be prepared by a big six accounting firm selected by the JMB Limited Partner.

  • The General Partner shall promptly deliver to the Special General Partner and the JMB Limited Partner copies of all reports and information received from the Property Owning Partnership, OHSP and FW Strategic.

Related to JMB Limited Partner

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

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

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Original Limited Partner means the Limited Partners designated as “Original Limited Partners” on Exhibit A hereto.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3 hereof.

  • General Partner has the meaning set forth in the Preamble.

  • Limited Partners means all such Persons.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • 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.

  • Vote Limited Member means any Member who beneficially owns 5% or more of the outstanding Class A shares (excluding Masterworks Shares) submits a Vote Limit Certificate to the Board which designates such Member as a Vote Limited Member, either separately or jointly with one or more other Members.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Defaulting Limited Partner has the meaning provided in Section 5.2(c) hereof.