Limited Partner Note definition

Limited Partner Note means an existing unsecured note of the U.S. Borrower issued prior to the Effective Date to certain limited partners of a previous public partnership in which HMC or a Subsidiary thereof was a general partner.
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Limited Partner Note means an unsecured note of the Operating Partnership which a limited partner of a Public Partnership can elect to receive at the time of the Partnership Roll-Up for such Public Partnership instead of or in exchange for OP Units, which Limited Partner Notes shall not have any maturity or amortization prior to December 15, 2005 (except in connection with the sale of assets formerly owned, directly or indirectly, by such Public Partnership to which such Limited Partner Note relates as contemplated by the definition of "Net Sale Proceeds").
Sample 1
Limited Partner Note means an unsecured note of the Operating Partnership which a limited partner of a Public Partnership can elect to receive at the time of the Partnership Mergers instead of or in exchange for Units.
Sample 1

Examples of Limited Partner Note in a sentence

  • A Limited Partner's liability under a Limited Partner Note continues regardless of whether the Limited Partner remains a limited partner in the Partnership.

  • The Bank may also request additional collateral in the event it deems the Limited Partner Note insufficiently secured.

  • A Limited Partner's liability under a Limited Partner Note also continues regardless of whether the Limited Partner remains a limited partner in the Partnership.

  • The prospective Investor will have substantial exposure under the Limited Partner Note.

  • A Limited Partner's liability under a Limited Partner Note is directly with the Bank.

  • In addition to the suitability requirements discussed below, the prospective Investor must be approved by the Bank for purposes of his delivery of the Limited Partner Note.

  • Prospective Investors should review carefully all the provisions contained in the Loan Commitment and the terms of the Limited Partner Note and Loan and Security Agreement with their counsel and financial advisors.

  • The Limited Partner Note will be secured by the cash flow distributions payable with respect to the prospective Investor's Partnership Interest as provided in the Loan and Security Agreement and the Security Agreement and as evidenced by the UCC-1s.

  • The agreement to be executed in conjunction with the Limited Partner Note by an Investor who finances the purchase price of his Units as provided herein.

  • Regardless of the results of Partnership operations, a prospective Investor will remain liable to the Bank under his Limited Partner Note according to its terms.


More Definitions of Limited Partner Note

Limited Partner Note means an existing unsecured note of the Borrower issued prior to the Effective Date to certain limited partners of a previous public partnership in which Holdings or a Subsidiary thereto was a general partner, each of which Limited Partner Notes does not have any maturity or amortization prior to December 15, 2005 (except in connection with the sale of assets formerly owned, directly or indirectly, by the public partnership to which such Limited Partner Note relates as contemplated by the definition of "Net Sale Proceeds").
Sample 1
Limited Partner Note means an existing unsecured note of the Borrower issued prior to the Effective Date to certain limited partners of a previous public partnership in which Holdings or a Subsidiary thereto was a general partner, each of which Limited Partner Notes does not have any maturity or amortization prior to December 15, 2005 (except in connection with the sale of assets formerly owned, directly or indirectly, by the public partnership to which such Limited Partner Note relates as contemplated by the definition of "Net Sale Proceeds").
Sample 1

Related to Limited Partner Note

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all 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 Units (other than GP Units).

  • 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.

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • 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.

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

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

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

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • 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.

  • 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.

  • Limited Partners means all such Persons.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner 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.

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

  • Public-private partnership agreement means an agreement

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

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

  • 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 Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

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

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.