Liquidating Partner. As defined in Section 10.3(a).
Liquidating Partner means the General Partner unless another Person is selected to serve as Liquidating Partner pursuant to Section 8.2. The Liquidating Partner shall be the “liquidating trustee” of the Partnership within the meaning of the Act.
Liquidating Partner means Yusuf.
Examples of Liquidating Partner in a sentence
Yusuf is no longer being paid to function as the Liquidating Partner to answer questions on behalf of the Partnership and the accounting that took place during the liquidation process.
Liquidating Partner or representative will also be responsible for determining what will become of the inventory.
If not, Liquidating Partner, by virtue of his/her position, has the right to take care of any liabilities and/or debts in the most efficient and positive manner possible for the Partnership.
Liquidating Partner, or other representative, shall then use the appropriate means to rectify said liabilities and/or assets.
Liquidating Partner, or other representative, will provide all Partners with a Statement of Account for the Partnership.
More Definitions of Liquidating Partner
Liquidating Partner has the meaning set forth in SECTION 15.1.
Liquidating Partner means the Partner designated as such by the General Partner; provided, however, that any Partner that causes the dissolution of the Partnership under Section 12.01(d) hereof or with respect to which an Event of Default has occurred shall not serve as the Liquidating Partner.
Liquidating Partner shall have the meaning given to such term in Section 12.02 of the Partnership Agreement.
Liquidating Partner means (i) the General Partner in the case of a termination of the Company pursuant to clause (a) of Section 10.1 hereof, (ii) Cedar GP in the case of a termination of the Company pursuant to clause (c) of Section 10.1 hereof if HHUS shall be the Partner causing the termination event pursuant to said clause, (iii) HHUS in the case of a termination of the Company pursuant to clause (c) of Section 10.1 hereof if Cedar LP or Cedar GP shall be the Partner causing the termination event pursuant to said clause, and (iv) the last remaining Partner (or its personal representative or nominee) in the case of a termination of the Company pursuant to clause (b) of Section 10.1 hereof.
Liquidating Partner has the meaning set forth in Section 20.1(a).
Liquidating Partner has the meaning specified in Section 7.2(a).
Liquidating Partner shall have the meaning ascribed thereto in Section 10.3(a).